Message-ID: <4245886.1075854552283.JavaMail.evans@thyme> Date: Thu, 15 Feb 2001 04:36:00 -0800 (PST) From: david.delainey@enron.com To: christopher.calger@enron.com Subject: GE 7FA Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: David W Delainey X-To: Christopher F Calger X-cc: X-bcc: X-Folder: \David_Delainey_Jun2001\Notes Folders\'sent mail X-Origin: Delainey-D X-FileName: ddelain.nsf Chris, I would get Mark or Louise involved at this point - if it is mission critical let me know. Regards Delainey ---------------------- Forwarded by David W Delainey/HOU/ECT on 02/15/2001 12:26 PM --------------------------- Christopher F Calger 02/15/2001 10:58 AM To: David W Delainey/HOU/ECT@ECT cc: Subject: GE 7FA Dave, A DASH will be circulating later today for approximately $16MM for $10MM of progress payments on a 7FA and certain development costs for our Longview Project. Chip Schneider and I have agreed that this approach allows us to get to NTP on the project (up until August 20), or determine a higher-valued use for the turbine in the event the development does not get finalized for some reason. Given the strength of the PNW market, this project is in the money using Enron mid curves for gas and power. Mike Miller has appropriately backed away - my team is engaged directly with GE on the contract negotiation and a term sheet is expected to be signed tomorrow. I am highly confident that this will result in a 2001 gain of $15MM-$20MM. I was planning to talk with Louise about this at our call this morning. Are you or she the appropriate signor for EA? I will also contact Mark Frevert early this afternoon to discuss. Regards, Chris