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Enron Mail |
- No significant change in margin or hotlist summary Las Vegas: Allegheny, Black Hills, Northland Power are on dealbench reviewing data, info memo and purchase and sale agreement. Process: review docs and data, visit site, negotiate purchase and sale - still on track for June 30 signing and August 31 funding. Roseville: Exercised option for $6MM of ERC's from Georgia Pacific. Working on development agreement and initial CEC application. AMPS: Last week received complete emissions data on units. Pursuing deals to install, sell or lease first 2 units. Most likely structure: Site owner contributes site and pays 20% of costs and get 20% of margin associated with selling energy into merchant market. Currently in discussion with 6 industrials and 8 utilities. Oregon Steel is in the lead - they are spending $ on permitting and engineering at their site in Portland (unfortunately the site is near my house so I may protest!). Blue Dog: $3.5MM of income recognition for turbine sale has moved to Q2 from Q3. Tolls to Generators: Reliant did not lift our 100MW Mid-C offer. but they are still working on it - they had VAR constraints. We are also showing synthetic tolls to other generators that expressed interest in our LV toll: Duke, Constellation, Cinergy, NRG, Dynegy and Allegheny. While these companies lead with assets, they also have trading functions that seem willing to get long through a PPA. DWR: Still working through credit and financial info. Their bid is still there and in the money, but has fallen $2-$3/MWh due to the falling prices in the west.
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