RE: Oglethorpe Info.

I think they are probably pricing calls vs. cancelling the project.

-----Original Message-----
From: Braddock, Billy
Sent: Monday, September 24, 2001 2:00 PM
To: Presto, Kevin M.
Subject: RE: Oglethorpe Info.

They have begun construction for a couple of CT's (at least they have poured the concrete slab). However, the 440MW is incorrect (I had pulled this from a list provided by Fundamentals). It's closer to 200MW (per OPC).

-----Original Message-----
From: Presto, Kevin M.
Sent: Monday, September 24, 2001 1:53 PM
To: Braddock, Billy
Subject: RE: Oglethorpe Info.

Have they started construction? Is the plant a peaker or combined cycle?

-----Original Message-----
From: Braddock, Billy
Sent: Monday, September 24, 2001 1:29 PM
To: Presto, Kevin M.
Subject: Oglethorpe Info.

FYI. Oglethorpe (OPC) is inquiring about buying some daily calls for next May-Jul. I'm already working with Harry/Steve, but thought you would like the reason for the request. OPC is building a 440MW merchant plant scheduled to be online in June'02. OPC is looking to buy these calls to hedge against a late online date (suggesting they have already sold at least some of this planned new generation).

Billy