Below are the proposed discounts we discussed with Ken Lay this afternoon:  USD millions:                                  Cash from 85       P+L with 85 cent               Discount   cent sale of claim    sale of claim  Enron      $ 85.0 (17%)       $361.8             +$129.1       PG&E       $237.0 (46%)       $232.6             -$  0.1  Midpoint   $161.0 (32%)       $297.2             +$ 64.5    If the midpoint (value between PG&E and Enron settlement offers) is acceptable from a liquidity and P+L standpoint, propose countering at a discount of $123 million (move half way to midpoint) to provoke a counter offer.
Intent is to settle at midpoint discount of $161 million.
The Excel file is attached.

PG&E settlement offer

Below are the proposed discounts we discussed with Ken Lay this afternoon: USD millions: Cash from <NUMBER> P+L with <NUMBER> cent Discount cent sale of claim sale of claim <COMPANY> <CUR> <NUMBER> (<NUMBER>%) <CUR><NUMBER> +<CUR><NUMBER> PG&E <CUR><NUMBER> (<NUMBER>%) <CUR><NUMBER> -<CUR> <NUMBER> Midpoint <CUR><NUMBER> (<NUMBER>%) <CUR><NUMBER> +<CUR> <NUMBER> If the midpoint (value between PG&E and <COMPANY> settlement offers) is acceptable from a liquidity and P+L standpoint, propose countering at a discount of <CUR><NUMBER> million (move half way to midpoint) to provoke a counter offer.
Intent is to settle at midpoint discount of <CUR><NUMBER> million.
The Excel file is attached.
excel file attached intent million half way provoke counter midpoint value pg ken company cur number proposed discounts discussed lay afternoon liquidity