Message-ID: <28800742.1075858654821.JavaMail.evans@thyme> Date: Tue, 2 Oct 2001 07:08:10 -0700 (PDT) From: stacey.bolton@enron.com To: elliot.mainzer@enron.com, richard.ring@enron.com Subject: FW: Navitas/certificates Mime-Version: 1.0 Content-Type: text/plain; charset=ANSI_X3.4-1968 Content-Transfer-Encoding: 7bit X-From: Bolton, Stacey X-To: Mainzer, Elliot , Ring, Richard X-cc: X-bcc: X-Folder: \RRING (Non-Privileged)\EESIRenewableEnergy X-Origin: Ring-R X-FileName: RRING (Non-Privileged)1.pst fyi....I'm going to check into this. -----Original Message----- From: Bolton, Stacey Sent: Tuesday, October 02, 2001 9:08 AM To: '"Siegfried, Stuart" @ENRON' Subject: RE: Navitas/certificates I wonder if this was the Minnesota project that developers like Community Energy are suspicious of them using the power for the green pricing program -- although they deny it. It would be interesting to see how Excel is "advertising" their commodity purchase and if their customers are paying a premium. I"ll do a little "sniffing" and see what I find out. Good morning to you too, pardner. -----Original Message----- From: "Siegfried, Stuart" @ENRON Sent: Tuesday, October 02, 2001 6:53 AM To: Bolton, Stacey Subject: Navitas/certificates Good morning Stacey, I came across the following blurb (see below) in a NREL electronic newsletter --- would the concept conveyed here cause you any concern?????? To me, this smells of double-counting, but I was curious as to your reaction. Have a great morning, SMS -------------------------------- Green Power Marketing Monthly Update (NREL) - September 2001 Navitas Selling Wind Certificates Navitas Energy, an independent power producer and an affiliate ofwind developer Northern Alternative Energy, is selling "WindWatts"green energy certificates on the Internet. Each "green tagcertificate" represents one megawatt-hour (MWh) of wind generationand is sold for $15, or 1.5?/kWh. The certificates represent the environmental attributes of the power generated from two Minnesota-based wind projects commissioned in mid-1998: the 11.25-MW LakotaRidge project and the 11.88-MW Shaockatan Hills project. According to the State Energy Office, the energy output of theprojects is being purchased by Xcel Energy (formerly Northern StatesPower) to meet a legislative requirement to build or contract for425 MW of wind power by the end of 2001. Navitas claims that itretains the rights to the wind energy attributes and only the commodity energy is being sold to Xcel.