FW: Status of Reconciliation of Receivables with PG&E

FYI.

-----Original Message-----
From: =09Curry, Wanda =20
Sent:=09Wednesday, October 10, 2001 2:19 PM
To:=09Mellencamp, Lisa; Tribolet, Michael
Cc:=09Colwell, Wes; Steffes, James D.
Subject:=09Status of Reconciliation of Receivables with PG&E

Privileged and Confidential=20

Lisa and Michael,

I talked with two representatives from PG&E today, Robert Orbeta and Fong =
Wan, regarding the reconciliation of amounts included in Enron's Proof Of C=
laim, which total almost $404 million dollars, to the books and records of=
PG&E. Both Robert and Fong agree that 1) no significant differences have =
been found, 2) the total variance, including IBM, is approximately $2 mill=
ion dollars, and 3) the reconciliation is substantially complete and theref=
ore, the results should not change materially. Diann Huddleson will call h=
er counterpart, Mike Alexander, this afternoon to request a schedule, by a=
ccount, of these variances. As you know, Enron's Proof of Claim is a compi=
lation of charges/credits reflected on PG&E invoices, and therefore, the on=
ly differences should have been the result of omissions, duplications, or o=
ther query failures. All things being equal, the reconciliation should hav=
e been a simple comparison, but at an account level. The sheer number of a=
ccounts for several months of activity, made this reconciliation a challen=
ge.=20

Both Robert and Fong made remarks regarding Enron's claim for the IBM dual =
bill accounts. Mr. Fong also commented that another outstanding item, in =
his opinion, was the "FERC refund case". I suggested that these items be =
included on the agenda for the settlement discussions scheduled for next we=
ek.=20

Let me know if you need anything further.=20

Thanks,
Wanda