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Enron Mail |
Kay - I reviewed the captioned. My only comments are -
p. 8 - The date in 3.1(a) is July 15, 2000 - should it be 2001? Also, on p.8, I am not sure how the 3.3 damages calculation is supposed to work with the LD calculation under Section 4.6. Interesting "reinstatement" provisions - I'd love to talk to you sometime and find out why! I assume the structure will require "hell or high water" provisions and "market LDs." I saw that there are provisions "de-linking" the provision of power from the building or commissioning of the project - I assume Herman will be able to tell you if the de-linking and LDs pass muster with AA for purposes of "marking" the contract and getting the cash flow and earnings pop. Thanks, Rose
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