Ben, please discuss with Dave Duran - he will be responsible for our coal
generation strategy.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 12/14/2000
04:28 PM ---------------------------

Benjamin Rogers
12/14/2000 03:07 PM
To: David W Delainey/HOU/ECT@ECT
cc:
Subject:

Dave:
I know we just completed a deal with Cinergy, but I have another idea for us
to kick around with these guys. They are building 1,000 MWs, very efficient,
coal facility along the Ohio river. Talking with Ben Jacoby and Fred Mitro I
found out that we are looking at either building a coal facility or investing
in one, which would create a great hedge against gas. I am beginning to go
through the information that Ben and Fred have put together and I wanted to
sign up a CA with Cinergy regarding this issue. I was planning on running
with this, but wanted to make sure this was the type of investment that we
might be interested in. I think a partnership in coal with Cinergy could be
a great partnership for us. I hope this idea is what you had in mind.
Thanks in advance for your time.
Regards,
Ben