Guys, attached you will find a completed 2001 Pro Forma budget needing Lavo's  review and then detailed review with each team.
This workbook has a number of worksheets including:  a) pkrs o&m - this details the o&m costs for the sold peakers assuming we  own throught Q2 - charged to the OOC;  b) driftPrepay - shows the detail as provided netting drift and pre-pay  expenses - not all that relevant if you assume that increasing drift will be  offset by larger monetizations;  c) Summary - overall completed income statement - note that non-external  capital charges are added back to reach EBIT;  d) commercial income - guts of the commercial budget;  e) group expenses - shows the detail on ENA net groups expenses, EIS/ENW/IT  non-allocable, corporate charges not allocated to specific commercial groups  and bonus/other comp;  f) HP&L - takes a cut at HP&L income statement and balance sheet in 2001  assuming a sale by the end of Q2 - this needs some sit down work with Redmond;  g) Balance Sheet Allocations - this defines by group the capital employed,  assets to be sold and new capital expenditures expected in 2001 - then  calculates a net capital and depreciation charge;  h) Balance Sheet - this defines the existing balance sheet with no  anticipated sales or increases by vehicle (ie) Enserco, JEDI, etc - merchant  investments are charged @ a blended rate of 15% and strategic investments are  charged @ a blended rate of 9%.
Two action items:  a) Print out for John - Commercial Income  & Summary worksheets for his  comment and review &  b) Start putting completed commercial packages together for  distribution/further comment by the business units in the next couple of  weeks - include detailed income statement, headcount, balance sheet  (including expected increases,decreases, capital charge and depreciation),  leave pages open for goals & objectives and target customer list.
I would  like to review format and detail for each group before distribution.
Regards

2001 Pro Forma
Guys, attached you will find a completed <NUMBER> Pro Forma budget needing Lavo's review and then detailed review with each team.
This workbook has a number of worksheets including: a) pkrs o&m - this details the o&m costs for the sold peakers assuming we own throught Q0 - charged to the OOC; b) driftPrepay - shows the detail as provided netting drift and pre-pay expenses - not all that relevant if you assume that increasing drift will be offset by larger monetizations; c) Summary - overall completed income statement - note that non-external capital charges are added back to reach EBIT; d) commercial income - guts of the commercial budget; e) group expenses - shows the detail on <COMPANY> net groups expenses, EIS/ENW/IT non-allocable, corporate charges not allocated to specific commercial groups and bonus/other comp; f) HP&L - takes a cut at HP&L income statement and balance sheet in <NUMBER> assuming a sale by the end of Q0 - this needs some sit down work with Redmond; g) Balance Sheet Allocations - this defines by group the capital employed, assets to be sold and new capital expenditures expected in <NUMBER> - then calculates a net capital and depreciation charge; h) Balance Sheet - this defines the existing balance sheet with no anticipated sales or increases by vehicle (ie) Enserco, JEDI, etc - merchant investments are charged @ a blended rate of <NUMBER>% and strategic investments are charged @ a blended rate of <NUMBER>%.
Two action items: a) Print out for John - Commercial Income & Summary worksheets for his comment and review & b) Start putting completed commercial packages together for distribution/further comment by the business units in the next couple of weeks - include detailed income statement, headcount, balance sheet (including expected increases,decreases, capital charge and depreciation), leave pages open for goals & objectives and target customer list.
I would like to review format and detail for each group before distribution.
Regards
leave pages open goals objectives target lavo defines group capital drift offset larger worksheets comment review items print depreciation charge forma budget needing enw non allocable