Subject: ANNGTC - 10/22/01 Telecon script with Dennis McConaghy
From: [email-masked]
To: [email-masked]
Cc: [email-masked], [email-masked]
Date: Mon, 22 Oct 2001 17:00:14 -0700 (PDT)

Danny,

Here's a quick summary of the bullets I discussed with Dennis.  He was not happy about the last one, in particular.

Liability issues are overwhelming - - - GP role is just not feasible until residual claims go away.
We are prepared to exchange our residual claims for AFUDC + interest accruals for the right to become a 9.4% GP at some later date, say commencement of construction or time of certificate.
We want the partnership to make an all out effort to recover historic capital contributions either in rates or as an amortizable asset; likewise, we recognize that AFUDC and interest accruals are sunk.
If we don't rejoin as a GP, we will walk away from AFUDC and interest accruals but want to be reimbursed historic capital contribution.
Not comfortable with making any collective response to Sen. Murkowski.  We will make our own.