RE: Dominion Opportunities

I fully understand. We're dealing with some unprecedented uncertainties here. Just want to make sure we keep on top of opportunities on the assumption we all pull out of this mess.

All the best,

Greg

-----Original Message-----
From: Arora, Harry
Sent: Thu 11/8/2001 12:12 PM
To: Blair, Greg
Cc:
Subject: RE: Dominion Opportunities

Greg

There has been just too many rumors flying around here to quote real long term deals. Give me a day or so to put numbers on long dated deals.

Harry

-----Original Message-----
From: Blair, Greg
Sent: Wednesday, November 07, 2001 12:25 PM
To: Arora, Harry
Subject: FW: Dominion Opportunities

Harry:

Any idea when you'll get a chance to respond to these questions? I'd like to get back to my counterparties ASAP. Understand you're probably very busy. Just give me an estimate, if you can.

Regards, Greg

-----Original Message-----
From: Blair, Greg
Sent: Tuesday, November 06, 2001 10:30 AM
To: Arora, Harry; Mack, Iris; Cavazos, Brandon
Subject: Dominion Opportunities

Harry, Iris and Brandon:

Just finished up another call with my counterparty at Dominion. Here are the opportunities:

1. GridSouth - (They really want to dump in "CP&L East" - anything we can do to facilitate this will better meet customer requirements.

Capacity: 2003 - 100MW
2004 - 250MW
2005 - 570MW for five years

Will accept day-ahead dispatch. Really want 8 hour minimum runs w/ 5x16 availability.

Heat Rate: 7200
VOM $2/MWh

2. Entergy -

They want a straight 7x24, 365-day power purchase @ fixed price.

Capacity: 65MW
Start Date: July 2002
Term: 5 Years
Price: $x/MWh

3. TVA - Peaker

Really want intra-day call w/4hr notice for 4hr minimum run time.

Capacity: Tell me what, if any, we can do.
Start Date: June 2004
Availability: 5x16 June-Aug; Dec-Mar
Heat Rate: 10,900
VOM: $2/MWh

Let's really try to see if we can do the intra-day. If absolutely not available for 4hr min run time, see if we can do 8hr min. If this is absolutely not possible, let's try to quote day-ahead 8hr min at the very least.

4. TVA - Combined Cycle

This one we already quoted at $3.97/KW-mo for 4-year, 5x16 call, beginning 1/1/03 for 7,000 Heat Rate; $2 VOM. This was for day-ahead, 16hr min run time. Tell me how much the price changes if we reduce min run time from 16hrs to 8hrs.

Please call me in NY @ 212-715-5953 to discuss, if you have any questions. Thanks for all your work. I think we have a real opportunity here, if we can respond positively on a few fronts.

Regards, Greg