CalPeak was formed as a project company, and is being funded by UTC.

CalPeak was formed less than two months ago, and has no financials.

We will provide a pro forma balance sheet should the bidder be selected.

Types of typical project support are things like a UT gurantee for one
month's fuel supply, etc.

Chuck

----- Original Message -----
From: "Ann Donnelly" <adonnell@prmllp.com<
To: "'Charles Hinckley'" <cch@cchinckley.com<; <Kim.Ward@enron.com<;
<adonnell@prmllp.com<
Cc: "'Lyons, Mark'" <mhlyons@earthlink.net<
Sent: Monday, April 02, 2001 4:10 PM
Subject: RE: CalPeak Power RFP - Shortlist


< I just spoke with Kim and she updated me that her credit manager is very
< satisfied with the creditworthiness of United Technologies (he thoroughly
< reviewed the website and all available information). He reports UT has an
< A+ rating. However, he can find no link to CalPeak Power, and could we
< please provide that. Kim would also like some additional specifics on the
< mechanisms that are envisioned for credit support from UT to CalPeak.
<
< Ann T. Donnelly, Ph.D.
< Principal Consultant
< Power Resource Managers, LLP
< 1610 C Street, Suite 102
< Vancouver, WA 98663
< Phone: 360/693-8484
< Fax: 360/693-3487
< e-mail: adonnelly@prmllp.com
< Website: http:\\www.prmllp.com
<
< -----Original Message-----
< From: Charles Hinckley [mailto:cch@cchinckley.com]
< Sent: Monday, April 02, 2001 12:08 PM
< To: Kim.Ward@enron.com; adonnell@prmllp.com
< Cc: Lyons, Mark
< Subject: Re: CalPeak Power RFP - Shortlist
<
<
< CalPeak Power, LLC is a project company and is now a wholly owned
subisdiary
< of Untited Technologies Corporation (NYSE: UTC). UTC information is
< available at www.utc.com, and from the commercial rating services.
<
< It is not invisioned that CalPeak will benifit from an absolute gurantee
< from UTC; however, some credit suport mechanism will be built into the
< project and into the fuel supply agreements.
<
< Chuck
<
<
< ----- Original Message -----
< From: <Kim.Ward@enron.com<
< To: <adonnell@prmllp.com<
< Cc: <cch@cchinckley.com<
< Sent: Monday, April 02, 2001 2:39 PM
< Subject: Re: CalPeak Power RFP - Shortlist
<
<
< <
< < Ann,
< <
< < I just spoke with Jay Williams from our credit department and he only
< needs
< < CalPeak's latest audited financial statements with management notes.
Any
< < additional information that helps us understand the company and how it
is
< < set up will be helpful. Sending this information overnight will
probobly
< < be our best bet. My address is as follows:
< <
< < 1400 Smith Street, EB3206a
< < Houston, TX 77002
< <
< < Also, Jay's phone number is 713-345-3923. Let me know if you have any
< < questions.
< <
< < Thanks,
< <
< < Kim
< <
< <
< <
< <
< <
<
<
<
<