Message-ID: <27954939.1075845008580.JavaMail.evans@thyme> Date: Mon, 25 Sep 2000 04:24:00 -0700 (PDT) From: mark.haedicke@enron.com To: richard.sanders@enron.com Subject: FCEL Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Mark E Haedicke X-To: Richard B Sanders X-cc: X-bcc: X-Folder: \Mark_Haedicke_Oct2001\Notes Folders\All documents X-Origin: HAEDICKE-M X-FileName: mhaedic.nsf ----- Forwarded by Mark E Haedicke/HOU/ECT on 09/25/2000 11:23 AM ----- David W Delainey 09/22/2000 06:32 PM To: Janet R Dietrich/HOU/ECT@ECT, Ozzie Pagan/HOU/ECT@ECT, Heather Kroll/HOU/ECT@ECT, Charles Vetters/HOU/ECT@ECT, Jeffery Ader/HOU/ECT@ECT cc: Cliff Baxter/HOU/ECT@ECT, Mark E Haedicke/HOU/ECT@ECT, Jeff Donahue/HOU/ECT@ECT, Greg Whalley/HOU/ECT@ECT, Steven J Kean/NA/Enron@Enron Subject: FCEL Guys, I have spoken to Cliff and Mark and we are comfortable moving forward under the structure we have discussed. FCEL: - $5MM in equity and 1.3MM warrants from corporate treasury stock that vest based upon 60MW of orders; - discussion with FCEL in which we disclose ALL infromation we have about the potential Conn. deal - I will require that myself and Mark be on that call; - the transaction is fully press released immediately. CRRA: - subject to final due diligence on the development risks, we provide the management and wrap for CRRA on the potential fuel cell development opportunity that consists of between 25 and 50 MW; - any appropriation of funds from the government will require DPUC hearing at which we will fully disclose in a factual manner our interest in FCEL. I will require that Mark Haedicke manage this process and sign off on all press releases, term sheets, disclosure discussions, contracts and regulatory filings. I believe that we have this managed appropriately as long as we manage the process as per the script and in a factual manner. Thanks Delainey