Enron Mail

From:fred.mitro@enron.com
To:kay.mann@enron.com
Subject:Exhibits - changes
Cc:ben.jacoby@enron.com, rebecca.walker@enron.com, chris.booth@enron.com
Bcc:ben.jacoby@enron.com, rebecca.walker@enron.com, chris.booth@enron.com
Date:Wed, 3 Jan 2001 10:48:00 -0800 (PST)

Through my discussions with Rebecca I have discovered the following:

1. Regarding the transformer, the contract counterparty is "ABB Power T & D
Company"

2. The purchase price of the transformer ($786,000) was taken from the WLB
financing book and does not include any of the capitalized interest charges
or option payment (total $56,803) allocation that Global Finance has included
in the calculation of the Payoff #. The full cost of the transformer would
be $842,803.

3. The purchase price of each turbine ($14,072,000) was calculated as an
average cost based upon a spreadsheet provided by GE. This price does not
include the $280,000 in change order costs allocated to each machine. The
full cost of each turbine should be $14,352,000. The $280K in change order
was picked up in the original payoff # prepared by Global Finance.

Ben has not yet reviewed any of the values in 2 or 3 above or the current
payoff # determined by Global Finance. I will talk with him first thing in
the morning. We will call you to confirm the correctness of these values.

Fred