Message-ID: <10098842.1075848309665.JavaMail.evans@thyme> Date: Fri, 20 Apr 2001 07:46:00 -0700 (PDT) From: edith.cross@enron.com To: mike.curry@enron.com, doug.gilbert-smith@enron.com Subject: Annual Wind Volumes Cc: berney.aucoin@enron.com, greg.trefz@enron.com, jason.wiesepape@enron.com Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: berney.aucoin@enron.com, greg.trefz@enron.com, jason.wiesepape@enron.com X-From: Edith Cross X-To: Mike Curry, Doug Gilbert-Smith X-cc: Berney C Aucoin, Greg Trefz, Jason R Wiesepape X-bcc: X-Folder: \Doug_Gilbert_Smith_Nov2001\Notes Folders\All documents X-Origin: GILBERTSMITH-D X-FileName: dsmith.nsf I know Wiese has already talked to each of you about this, but I wanted to make sure both of you understand the REC situation for Green Mountain. Using the current load profile, here is a summary of the annual mwhrs (and REC's) we are obligated to deliver to Green Mountain: If the plant comes on line by 11/1/2001, and there is still a 75 MW transmission constraint, Enron Wind is contractually obligated to sell the following quantities in 2001: Nov-01 29,160 Dec-01 27,396 Total for 2001 56,556 If all transmission constraints are removed prior to 2002, the most Enron Wind is obligated to provide is 475,000 credits. Therefore, we will definitely be short REC's in 2002. The current pricing model assumes that we will only receive 360,000 REC's in 2002 (75 MW constraint exists for the entire year). Any incremental REC's are purchased at $3.50 for both years. E