Message-ID: <13657929.1075844293542.JavaMail.evans@thyme>
Date: Tue, 31 Oct 2000 06:22:00 -0800 (PST)
From: james.centilli@enron.com
To: rod.hayslett@enron.com
Subject: TW Expansion Project
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The attached model has the RAROC and COS model in the various spreadsheet.  
The rates I gave on the matrix and the COS rate track for the 500 MMBTU/d 
expansion at the $613,500M unleveraged.  We would experience negative 
depreciation for the first five years of the project.  Under the 70/30 debt 
equity scenario we would have a rate about $.58 and that tracks with the DCF 
model, and we would have escalating depreciation rates over the term of the 
project.