Message-ID: <7661508.1075845913991.JavaMail.evans@thyme>
Date: Wed, 16 May 2001 06:29:00 -0700 (PDT)
From: william.keeney@enron.com
To: kay.mann@enron.com
Subject: RE: NRG bullet points
Cc: tom.may@enron.com, david.marks@enron.com, janelle.scheuer@enron.com
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Kay, looks great to me.  I would prefer to leave the benchmark open and be 
able to talk the counterparty through how it will be established (due 
diligence on plants, higher target means greater sharing % for ENE).  As far 
as cancellation is concerned, I think that it would be a good idea to include 
a right of cancellation for NRG based on a percentage of the benchmark 
established.  Something to the effect that NRG will have the annual right to 
terminate the agreement if we cannot achieve __% of the annual gross margin 
target.

Thanks-
Bill


 -----Original Message-----
From:  Mann, Kay  
Sent: Wednesday, May 16, 2001 12:36 PM
To: Keeney, William
Cc: May, Tom; Marks, David; Scheuer, Janelle
Subject: Re: NRG bullet points

I've made some revisions the Bill's document to make sure we are on the same 
page before I prepare the LOI.  

 << File: NRG Term Sheet.doc >> 

Do we want to give any sort of description of how the benchmark will be set?
Do we want to mention the cancellation provisions?

Thanks,

Kay