Dave Delainey's Additional Requests

Ben: since Don, Jinsung and Clement are out can you provide us any of the
referenced info needed for GENCO?
---------------------- Forwarded by Thomas M Suffield/Corp/Enron on
06/22/2000 03:35 PM ---------------------------

Thomas M Suffield
06/21/2000 12:36 PM
To: Eric LeDain/CAL/ECT@ECT, Kate Chaney/CAL/ECT@ECT, Miguel
Vasquez/HOU/ECT@ECT, Adam Thomas/NA/Enron@Enron
cc: Don Miller/HOU/ECT@ECT, Berney C Aucoin/HOU/ECT@ECT, James
Simpson/HOU/ECT@ECT, Jinsung Myung/Corp/Enron@Enron, Clement Lau/HOU/ECT@ECT,
Edith Cross/HOU/ECT@ECT, Joseph Deffner/HOU/ECT@ECT, Lisa
Bills/Corp/Enron@ENRON, Chip Schneider/NA/Enron@Enron, Andre
Cangucu/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Dave Delainey's Additional Requests

As per the presentation with Dave yesterday and a follow up conversation with
him today, we need the following:

Kate: Run the model based on the "break even cost #'s" in comparison to
GENCO's #'s assuming a 6 1/2% fixed interest
rate. (As per Dave Don Miller's GENCO group should be able to supply us
with their comparable #'s).
Also run the model based on MAIN and ECAR curves ( we have already run the
#'s on Cinergy and West NY).
Produce a graph showing the different curves, including ICF-Kaiser.
Also show a graph comparing Moore's tariff build up (based on the 30 yr
curve) for Fixed and Variable O&M, principal, interest. etc. (Jonathan
Hoff should be of great help here).

Miguel: Get market comps from the Confidential-CSFB study that Don Miller
has giving Asset Pricing comps for Power Plants (GENCO related). Also look
to get any other market/asset sales info. we showed to Orion.
Meet with the desk to get the MAIN and ECAR curves Dave has requested we
run. (for Kate's proforma).
Since Miguel is out after Thursday, Adam should coordinate and follow up in
Miguel's absence.

He also gave us go ahead for the DASH and RAROC. Kate was cleaning up the
DASH and the model to pass on to Underwriting.

Joe D. and Lisa B. are following up on the Syn. Lease structure getting with
the banks.

Eric will of course address all the other issues including technical,
transmission interface, turbine purchase, permitting, etc.

As you know, Dave wanted this done in tandem with all the other development
projects, which means ASAP.

Thanks, Thomas.