RE: QF payments

thanks mike. BT

-----Original Message-----
From: Etringer, Michael
Sent: Friday, October 26, 2001 9:42 AM
To: Tycholiz, Barry
Subject: RE: QF payments

There may be a handful of small QFs which have not returned but I would say the a majority of the QFs are back on line and are being paid for what they generate on a go forward basis. Right now the SCE QFs are negotiating with SCE on 2 major points: when will they be paid for the outstanding receivables (est. at $1.3 B for SCE and about $1.0 B for PG&E) and when will the 5 yr fixed price SRAC of 5.37 cents/kw apply for those that have selected this option. Right now SCE appears to be indicating that they will be paying the receivable sometime around June/July of 2002 and that the 5.37 price would apply at that time or as much as 4 months after that. The logic is that they are trying to indicate that the MOU, if it had been passed, would not have applied at least until that time.

M
-----Original Message-----
From: Tycholiz, Barry
Sent: Friday, October 26, 2001 6:58 AM
To: Etringer, Michael
Subject: QF payments

Mike, have the QF's been paid for the power they were selling to the utilities. I have not heard much about that and was wondering if these payments were all part of the Bond issue.? Are the QF's generating power today?

BT