Message-ID: <15331606.1075849655833.JavaMail.evans@thyme>
Date: Fri, 5 Jan 2001 09:41:00 -0800 (PST)
From: john.griffith@enron.com
To: jean.mrha@enron.com
Subject: Calpine - PGT Capacity
Cc: stephanie.miller@enron.com, julie.gomez@enron.com
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Jean,

Here is the deal broken down into its parts:

 Annuity to PGT ($.17308*57,500/day)   $  21,909,493

 Index Sale at Malin vs. West Offer (+$.03)  ($    2,522,854)

 Transportation Value in Books
  Intrinsic (basis spreads)   ($ 22,704,220)  
  Extrinsic    ($   3,156,142)
  Demand Costs in transport book    $ 15,212,370  ($10,647,992)

 Origination - Upstream Stephanie Miller  ($    8,238,646)
 Origination - Canada Eric LeDain  ($       500,000)

     NET                0

Please call or email with any questions or concerns.  Thanks and have a great 
weekend.

John Griffith