Re: calpine model

Ben,

Another issue I have in my mind is how we handle revenue after 3 and 5 years.
Since Calpine will have only 3 or 5 year tolling agreement, it is appropriate
to assume Calpine's revenue will come purely from market. Therefore, we may
just need one line of revenue, rather than breaking into capacity payment and
energy payment. Let's talk to Scott when he gets back to Houston.

Jinsung

Benjamin Rogers@ECT
02/23/2000 05:14 PM
To: Jinsung Myung/Corp/Enron@ENRON
cc:

Subject: Re: calpine model

Yes I am working on that with Bruce Golden to reduce that. It should be more
like 5 to 6 months for the construction.
Ben