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Enron Mail |
A perfected (or nearly perfected) ROW may have some merit, especially as ENA
continues their negotiations to further develop that power plant in Albuquerque. I'll have Jeff call ENA, and without giving anything away, find out how their negotiations are progressing. I wonder to what extent Dennis' agreement with the tribe is transferable? Enron Energy Services From: Drew Fossum 11/28/2000 09:31 AM To: Steven Harris/ET&S/Enron@Enron, Kevin Hyatt/ET&S/Enron@Enron, Lorraine Lindberg/ET&S/Enron@ENRON cc: Subject: Pueblo Tino called this morning with a quick report. They are still negotiating with DOE on a power plant deal, but it looks pretty shaky. The size of the plant has grown to 380 MW, for reasons that are unclear to me. Tino has been ordered to develop an exit strategy in case the power plant deal falls apart. He says Dennis has about $3 mm in the project so far, most of it related to the pipeline right of way. The have a binding 20 year agreement with the tribes for the ROW that calls for a $100,000 minimum monthly payment. I'm not sure the entire route is perfected or not or whether the ROW agreement includes fiber optic rights etc. The question is whether we are even interested enough to justify a closer look, since the rights Dennis has pulled together will probably be available for cents on the dollar. I told Tino I'd give him a call next week to let him know. At minimum, I'd suggest we have one of our ROW guys take a look at whatever they've got and advise us on what its worth. Your thoughts? DF
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