Subject: Sithe Spread Option Model
From: [email-masked]
To: [email-masked]
Cc: [email-masked]
Date: Tue, 15 May 2001 12:50:23 -0700 (PDT)

Ed McMichael asked me to send you our spread option model.  It is attached below. The paths are based on what John Lavarato asked to see.

Let me know if you have questions.  Of course, your input is appreciated.

Thanks

Louis
x-54666