Message-ID: <20679933.1075840852947.JavaMail.evans@thyme> Date: Mon, 8 Oct 2001 16:18:31 -0700 (PDT) From: f..calger@enron.com To: louise.kitchen@enron.com Subject: RE: Calpine is trying to hire one of our associates Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Calger, Christopher F. X-To: Kitchen, Louise X-cc: X-bcc: X-Folder: \ExMerge - Kitchen, Louise\'Americas\HR X-Origin: KITCHEN-L X-FileName: louise kitchen 2-7-02.pst Sorry it was not clear. We pay them $200MM++ and sell them 7X24 power for $61. The $200MM++ is the PV difference between $61 and our actual offer ($39). This enables them to get cash and also recognize earnings on part of their DWR contracts. -----Original Message----- From: Kitchen, Louise Sent: Monday, October 08, 2001 3:23 PM To: Calger, Christopher F. Subject: RE: Calpine is trying to hire one of our associates Their current capital markets stuff is going well - maybe we're wrong about them. In your previous email by the way - did you mean we pay them or they pay us. I read they pay us but Carl tells me it was the other way. -----Original Message----- From: Calger, Christopher F. Sent: Monday, October 08, 2001 3:22 PM To: Kitchen, Louise Subject: Calpine is trying to hire one of our associates FYI not a big deal, but thought you should know. Gray Calvert - works in SF We like him Calpine offering him a little more money I think I have sold him on staying Chris Calger 503-464-3735