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Enron Mail |
FYI
---------------------- Forwarded by David W Delainey/HOU/ECT on 09/20/2000 04:47 PM --------------------------- Christopher F Calger 09/20/2000 04:29 PM To: David W Delainey/HOU/ECT@ECT cc: John Malowney/HOU/ECT@ECT Subject: Montana Resources Inc. (MRI) Dave, I spoke with Frank Gardner, the acting President of the mine. The mine has shut down due to high power prices and they are evaluating reopening it later this year. John Malowney in our mid-market group has covered these guys very well (Frank acknowledged that). EPMI has served this load in the past and made numerous proposals to them during the past year. Montana rejected these, including the attached proposal that offered to fix prices well below the current forward market price. John has also proposed various cross-commodity (copper) deals with our MG affiliate. John will discuss their situation with Frank and I will follow up from time to time. I do not think there is an attractive generation opportunity as Montana is net long and the industrials' credit is marginal. We will keep you posted if anything materializes. Regards, Chris ---------------------- Forwarded by Christopher F Calger/PDX/ECT on 09/20/2000 04:12 PM --------------------------- John Malowney 09/20/2000 02:08 PM To: Christopher F Calger/PDX/ECT@ECT cc: Subject: Montana Resources Inc. (MRI) Chris, I called MRI but Frank was too busy to take the call so I left my name and number and said if nothing else I'd see him on the 5th of October. Just so you'll know, attached is a sample Term Sheet that I have previously showed MRI. Note the prices that were "too high" at the time. John
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