Update

Chris, I can assure you that I was not part of the "organization". Got the
books - going throough now and I will get back to you. Keep Avista's feet to
the fire. speak with you soon.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 05/17/2000
11:22 AM ---------------------------

Christopher F Calger
05/17/2000 10:46 AM
To: David W Delainey/HOU/ECT@ECT
cc:
Subject: Update

Dave,

Coyote: BPAmoco flaked so Avista is trying to move forward to take the whole
deal (some public embarrassment if they dont close since they announced it
last week). At the same time, DLJ is bringing in some of the industry
players that originally expressed interest. One of those parties that called
Jake is Orion, so Jake let Don Miller know this. We will have a handle on
preliminary feedback from these parties on Friday.

Pastoria and LVCogen: Deal books should have arrived. Do you want to meet
on these? who would you like to meet with? Parquet for Pastoria and
Gilbert/Clark for LVCogen?

Pastoria DASH is being finalized along with the Catalytica DASH. Pastoria
costs will be higher given the unwind of the Xonon swap and the fact that
turbine costs were padded by $9MM for GE's catalytica development costs
(argument for a value-grab!)

FYI I called Patrick Stevens of Triumph Energy three times...the number I
called appeared to be an office shared with other companies. The general
number's voicemail was full so I have not reached him.

Scott Healy changed his decision and is going to work for Duran. I dont
understand his decision but Scott said that the "organization" thought it
would be a better opportunity in Houston.

Chris