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Enron Mail |
Sara Shackleton
Enron North America Corp. 1400 Smith Street, EB 3801a Houston, Texas 77002 713-853-5620 (phone) 713-646-3490 (fax) sara.shackleton@enron.com ----- Forwarded by Sara Shackleton/HOU/ECT on 02/28/2001 04:41 PM ----- Joel Ephross/ENRON@enronXgate 02/28/2001 11:31 AM To: Sara Shackleton/HOU/ECT@ECT, Brenda L Funk/ENRON@enronXgate cc: Subject: FW: Raptor 2 - Sale of CEG/RioGas -----Original Message----- From: Baker, Ron Sent: Thursday, February 15, 2001 9:12 AM To: Siurek, Ryan; McKean, George; McKillop, Gordon; Ephross, Joel Subject: Raptor 2 - Sale of CEG/RioGas FYI I was just notified that the sale of CEG and RioGas which are hedged in Raptor 2 will likely close next week. Current estimates indicate that the loss on the sale will be around $30MM. It is expected that the sale of the one remaining South American LDC will result in gains that will more than offset this loss. Obviously, those expectations can change, but I wanted to keep everyone informed on this. Ryan - This expected realized loss is exactly the situation which most concerned us in the meeting with Patti this week. Is there anything we can do to push them towards resolving that timing of realized losses is irrelevent, and this is not an issue?
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