Summary of meeting w/ Don Miller

Please follow up directly with the referenced developers...........
---------------------- Forwarded by Thomas M Suffield/Corp/Enron on
02/23/2000 08:58 AM ---------------------------

Richard Park@ENRON_DEVELOPMENT
02/22/2000 06:48 PM
To: Thomas M Suffield/Corp/Enron@ENRON
cc:

Subject: Summary of meeting w/ Don Miller

Subject: Progress on projects

Attendance Don Miller
Scott Healy (phone)
Don Black
Tom Swank
Mike Miller/Ben Jacoby (left in middle)

TECO (Don) Revenue potential in $18-20 MM with cost at $16-20 MM
Model/Algorithm in place with sensitivities next week
Need data point for credit analysis
ABM AMRO ?? financial advisor
Insurance Angle ??
Need support from CTG for modeling and contract negotiations: Ben R.and
Jinsung

UAE (Tom) $120 MM for 5 turbines
Enron price: 13.5 base; 13.95 w/ Sprint enhancement
S&S (market): 14.1; 14.6
Straight turbine sell-down but contrary to Enron strategy
Issues between: Drywell/ DLE/water injection

UAE will go forward w/ or w/o Enron-Ben Rogers

Scott: Need bid number from desk for PJM
Restructuring effort (TBG) John House and Chad L.

Don: Finding strategic partner for IPO spin-off of generation assets
Candidates: Orion, NRG, Mission, Sithe, Cogentrix, Panda, and other smaller
players
50,000-foot level discussion-Ben T, Clement Lau

Some of the part was too mundane to be captured as discussion points! Please
forward to the right people.

Regards,
Rich