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Enron Mail |
In connection with the required Turbopark notices and documents related to
the turbine sale to Delta, attached for your initial review and comment are drafts of the initial notice to CSFB, an assignment and assumption agreement and a bill of sale. Three of the turbines being sold derive from the May 2000 agreement with GE and one of the turbines being sold derives from the April 3, 2001 "Agreement in Principle" with GE. Please note, if possible, we would prefer not to identify what amount is owed by E-Next on the turbines (this impacts the purchase price section in the exhibit on the initial notice). Lastly, as a background refresher, ENA is effectively selling 4 turbines to Delta Power as follows. ENA presently owns 100% of Salmon Energy LLC. Delta is going to place in escrow the monies owed on 4 turbines (as well as ENA's profit on the transaction) and after such escrow deposit, ENA will then proceed with the submittal of the CSFB notice and execution of the assignment and assumption agreement and bill of sale. After these steps have occurred, then ENA will sell 80% of its interest in Salmon to Delta Power. At some future date, ENA's remaining 20% interest in Salmon will be transferred to Delta. Thank you and please call me with any questions. Carlos Sole' Senior Counsel Enron North America Corp. 1400 Smith Street Houston, Texas 77002-7361 (713) 345-8191 (phone) (713) 646-3393 (fax)
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