Subject: RE: New Albany Analysis
From: [email-masked]
To: [email-masked]
Date: Tue, 29 May 2001 04:46:14 -0700 (PDT)

Please schedule a meeting with TJ Black (3-5800)

 -----Original Message-----
From: 	Stuart Zisman  
Sent:	Thursday, May 24, 2001 4:38 PM
To:	Kevin M Presto
Cc:	Don Miller
Subject:	New Albany Analysis

Kevin,

Don has asked me to provide you with some sort of valuation matrix based on your request of the other day.  I have spent some time with Stacey White, Jody Pierce and Georgeanne Hodges in an effort to better understand how New Albany is being valued/treated for accounting purposes.  When you have a free moment, could you spend a few minutes with me to give me a better idea of what you would like to see.  Thanks

Zisman

As an aside, we heard from CLECO on New Albany.  They gave us a bid range of $98MM- $122MM without any suggestion that they would insist upon a toll for this summer.