Subject: RE: Mona Indication
From: [email-masked]
To: [email-masked]
Cc: [email-masked], [email-masked]
Date: Wed, 20 Jun 2001 09:53:28 -0700 (PDT)

Mark,
If you where to look at it from an Palo index basis, how would this look?  I think he wants to float with an index price but wants some feel for what type of basis to Palo we would use.   Its not really a firm bid since he is not really going to transact, so its really an indication of the market.  Kind of odd, but the better we make our price relative to Palo, the more likely we can get the business.  We should show him a strong bid subject to credit etc.   When the time comes to actually lock it in,  and most likely he will not since the units have no historical performance,  who knows what the market price  will be.

Mike

 -----Original Message-----
From: 	Fischer, Mark  
Sent:	Wednesday, June 20, 2001 9:32 AM
To:	Etringer, Michael
Cc:	Alonso, Tom; Salisbury, Holden
Subject:	Mona Indication

Mike, here are the quarterly indications for Mona that we discussed:

		Q301			Q401			Q102			Q202

HLH		120			65			50			49	

LLH		57			38			30			28	

The prices indicated are for firm power delivered with liquidated damages. Unit contingent products will be discounted 20%-30% on HLH and 10%-20% on LLH depending on term.