Enron Mail

From:eric.gadd@enron.com
To:kevin.hyatt@enron.com
Subject:Sun Devil - project model
Cc:
Bcc:
Date:Thu, 28 Feb 2002 07:18:47 -0800 (PST)

Kevin,

With respect to James' latest economic analysis, ($843 MM capx; 550,000/d firm contracts to Phoenix; 60/40 debt/equity, 4.75% fuel in years 1/2/3, tracker thereafter) for each year of the project, I'd like to see-

Fianancial statements for each year
- Income statement
- Balance sheet
- Funds flow

Financial ratios for each year during the 20 year contract term
- Debt to capitalization
- Debt Equity
- Debt to Asset
- Times Interest Earned
- Debt Service Coverage

Amount of unrecovered debt and equity at the end of the 20 year contracts,

Distributable cash for each year - - - depending how much there is, we could lock it up to pay off debt