Accounting rules for power plants

I had a brief conversation with Herman Manis, and he tells me that there is a
different interpretation of accounting rules relating to power plants.
Strangely enough, the change is one which should (I hope I hope) make power
development projects easier. In the past, we ran into problems anytime we
wanted to build a power plant and take megawatts off of it. Herman tells me
that the current interpretation now focuses on the operation and maintenance
of the plants, and not the power purchase agreement relating to the plant.
This change in focus should make power development deals easier to
structure.

I would still like to set up an Intro to TurboPark meeting with Rose
Engeldorf. Rose is currently involved in a push a couple of deals in the
West this week, so it may be a bit before we can get it set up. A meeting
with Herman would also be helpful. Maybe we can buy him lunch and quiz him
on these new developments.

Kay