Enron Mail

From:james.steffes@enron.com
To:steven.kean@enron.com, john.neslage@enron.com
Subject:EES DASHs - Springs & Quebecor
Cc:richard.shapiro@enron.com, harry.kingerski@enron.com
Bcc:richard.shapiro@enron.com, harry.kingerski@enron.com
Date:Fri, 21 Apr 2000 04:35:00 -0700 (PDT)

Steve --

Attached please find the Final DASH for Springs and Quebecor.

RAC has modified the Springs DASH to (a) raise the capital price and (b)
remove the direct NPV impact of Govt Affairs' rate forecasts but added
lanaguage showing economic impact if our forecast occurs. Total NPV change =
$3 MM increase from earlier DASH.

During the Friday Underwriting meeting Rick Buy decided to hold off sending
these deals in the Board packet. Looks like they will want our signature on
Monday.

My recommendation would be to sign-off on the DASH but to force the issue
over how RAC should price future deals.

JDS





---------------------- Forwarded by James D Steffes/HOU/EES on 04/21/2000
11:26 AM ---------------------------
From: Karen L Barbour@ECT on 04/21/2000 09:59 AM
To: James D Steffes/HOU/EES@EES
cc:
Subject: EES DASHs - Springs & Quebecor

Please review the attached finalized Springs and Quebecor DASHs, which
reflect Dave's recommended treatment of the NPV related to the tariff
forecast. The original hard copies will be routed through your department
for signature some time today. Let me know if you have any
questions/concerns. Thanks.