Message-ID: <8536069.1075845972152.JavaMail.evans@thyme>
Date: Wed, 3 Jan 2001 11:11:00 -0800 (PST)
From: kay.mann@enron.com
To: fred.mitro@enron.com
Subject: Re: Exhibits - changes
Cc: ben.jacoby@enron.com, rebecca.walker@enron.com, chris.booth@enron.com
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I won't do anything about this until you reach a consensus.

Kay




Fred Mitro@ECT
01/03/2001 06:48 PM
To: Kay Mann/Corp/Enron@Enron
cc: Ben Jacoby/HOU/ECT@ECT, Rebecca Walker/NA/Enron@Enron, Chris 
Booth/NA/Enron@Enron 

Subject: Exhibits - changes

Through my discussions with Rebecca I have discovered the following:

1.  Regarding the transformer, the contract counterparty is "ABB Power T & D 
Company"

2.  The purchase price of the transformer ($786,000) was taken from the WLB 
financing book and does not include any of the capitalized interest charges 
or option payment (total $56,803) allocation that Global Finance has included 
in the calculation of the Payoff #.  The full cost of the transformer would 
be $842,803.

3.  The purchase price of each turbine ($14,072,000) was calculated as an 
average cost based upon a spreadsheet provided by GE.  This price does not 
include the $280,000 in change order costs allocated to each machine.  The 
full cost of each turbine should be $14,352,000.  The $280K in change order 
was picked up in the original payoff # prepared by Global Finance.

Ben has not yet reviewed any of the values in 2 or 3 above or the current 
payoff # determined by Global Finance.  I will talk with him first thing in 
the morning.  We will call you to confirm the correctness of these values.

Fred