Message-ID: <17936726.1075840948332.JavaMail.evans@thyme> Date: Tue, 13 Nov 2001 12:20:39 -0800 (PST) From: f..calger@enron.com To: louise.kitchen@enron.com Subject: Allegheny / NEPCO 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\Turbines X-Origin: KITCHEN-L X-FileName: louise kitchen 2-7-02.pst The "bid" is for an EPC Contract with the equipment. The implied bid for the equipment is -$16.7MM. The implied margin in the EPC Contract is $32MM plus $11MM of contingency. If the risk/reward on the EPC contract is reasonable, then this seems like a great deal. At the same time, we will attach a Turbine LOI to the EPC LOI making it clear to Allegheny that we can offer the turbines on a stand alone basis. Should we offer at the $10MM discount or are you OK with -$16.7MM? Ben and I would hit a -$16.7MM bid. This would probably close this in January, but we ould try to get a turbine down payment in December. Chris Calger 503-464-3735