Enron Mail

From:mark.taylor@enron.com
To:chris.gaffney@enron.com
Subject:Re: Ontario Standard Contract
Cc:elizabeth.sager@enron.com, jeffrey.hodge@enron.com
Bcc:elizabeth.sager@enron.com, jeffrey.hodge@enron.com
Date:Thu, 10 May 2001 07:06:00 -0700 (PDT)

I don't have copies of any of the FASB pronouncements. I suggest you find
one of the accountants who handles these things. I don't know who that is so
i would start wit Paige Grumulaitis -- she seems to know most accounting
answers and when she doesn't, she knows who to ask.



Chris Gaffney
05/10/2001 01:36 PM

To: Elizabeth Sager/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Jeffrey T
Hodge/HOU/ECT@ECT
cc:
Subject: Ontario Standard Contract

In connection with my continued efforts as co-chair of the Ontario Standard
Bilateral contract committee I am once again going to be called upon to
debate Ontario Power Generation as to whether the Ontario market rules allow
for physical trading (which is our position) or is a purely financial market
(OPG's position).
As part of their argument they are pointing to certain FASB rules that
distinguish between physical and financial/derivative transactions. Do any
of you have a copy of or reference to such materials and/or commentary
thereon.

My debate is to occur Monday so if you could get back to me as soon as
possible it would be greatly appreciated.

Regards
CJG