Subject: Ft. Pierce Evaluation
From: [email-masked]
To: [email-masked], [email-masked]
Cc: [email-masked], [email-masked]
Date: Thu, 31 May 2001 17:30:47 -0700 (PDT)

Jennifer, attached is a summary model of the Ft. Pierce evaluation using Enron's curves.  Please note that there are two scenarios provided, based on a best case and worst case pipeline demand charge scenario.  The spread option model was dispatched based on the same assumptions as utilized by the gas group in developing their pipeline cost assumptions.  I've tried to add notes to the models outlining potential areas of additional value as there are some unique characteristics of this deal that should provide additional value to the project.  I'll be over to help review the cash flow model.  

Thanks for everyone's help (Edith/Charlie)

- Jim