Concept for core/noncore Analysis

OK, I apologize, I've been trying to lock myself to the computer and crunch
some #'s, but can't seem to get control of my schedule. Wanted to lay out
the core/noncore model that's been pitched (and that CMA showed keen interest
in this morning) to see if we're all on the same page; but perhaps this is
the analysis that you're already working on:

Split takes place either 1.1.03 or 6.1.03.
Core and noncore are responsible for the "DWR past purchases" (spread over 15
years).
Core will keep IOU gen, QFs and DWR contracts (which would eliminate the
short for the core)
Noncore, in return for giving up the lucrative IOU gen, effectively accepts
the short position (i.e., goes to market) AND does not get sacked with DWR's
going forward costs (with "forward costs" defined as all power costs
attributable to the "post-core/noncore" transition date.

Let me know if this tracks with where we're headed. Thanks.

Best,
Jeff