Message-ID: <30303908.1075857150680.JavaMail.evans@thyme>
Date: Tue, 15 Aug 2000 02:57:00 -0700 (PDT)
From: jonathan.hoff@enron.com
To: jinsung.myung@enron.com, benjamin.rogers@enron.com
Subject: 2000 peaker revision
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I reworked the debt section to eliminate tranche 1.  Tranche 2 now amortizes 
years 1-10 and pays 11% interest.  Tranche 3 amortizes years 11-20 with 
interest of 11.2%.  I re-solved for optimal amortization schedules and face 
amounts to get a minimum coverage ratio of 2.25x and an average coverage of 
3.25x.

I removed some references to the amortization of the power contract that 
Jinsung pointed out.  I also re-hardcoded the state franchise tax for Gleason.

Let me know what else needs re-working.