Tim, my understanding is that partnership fee (the $11.0M) has been amortized  for the last several years and expensed to the Industrial groups (McConville  and Ondarza).
As you are aware, I sued them for breach.
The settlement  involved the elimination of all existing transactions between Ft. James and  Enron including the Wauna and Halsey power contracts.
It is my understanding  that the benefit of the elimination of those shorts resides in the Portland  shop.
The elimination of the shorts would not have occurred without the  lawsuit on the alliance and the settlement I originated.
It seemed logical  to charge the Portland office with the remaining un-amortized fee of $1.8M as  a cost of eliminating the shorts for no cost and no future contingent  liability.
Lets discuss.
Regards

Fort James Amortization
Tim, my understanding is that partnership fee (the <CUR><NUMBER>.0M) has been amortized for the last several years and expensed to the Industrial groups (McConville and Ondarza).
As you are aware, I sued them for breach.
The settlement involved the elimination of all existing transactions between Ft. James and <COMPANY> including the Wauna and Halsey power contracts.
It is my understanding that the benefit of the elimination of those shorts resides in the Portland shop.
The elimination of the shorts would not have occurred without the lawsuit on the alliance and the settlement I originated.
It seemed logical to charge the Portland office with the remaining un-amortized fee of <CUR><NUMBER>.0M as a cost of eliminating the shorts for no cost and no future contingent liability.
Lets discuss.
Regards
elimination shorts resides future contingent understanding partnership fee portland office remaining discuss regards industrial groups mcconville sued breach wauna halsey power number 0m originated