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Enron Mail |
kIM PRINT THIS STUFF AND MAKE IT A HIGH PRIORITY FOR ME TODAY,.
-----Original Message----- From: Guerriero, Michael Sent: Tuesday, February 06, 2001 4:38 PM To: Lavorato, John J.; David W Delainey@ECT Cc: Kishkill, Joe Subject: Arcor Skilling Approval Per your request here are the documents you might need regarding Arcor. This was what Dave reviewed last with the exception of the latest currency forwards. Short Story Version: Plant close pending Monday February 12th Need Skilling's approval because most recent revisions to the dash incorporated a new market view of Argentina devaluation risk lowered the Project IRR below RAC Capital Price 18.92% vs 21.88%. Additional $800,000 not in the dash from true up structure and major maintenance savings. Currency forwards significantly down since the project was reviewed in December due to 40 Billion IMF Argentine package Low cost commercial platform to build from $180 per KW Liquid market to resell asset due to pending utility privatization in Cordoba Please let me know if you have any questions I am in town until Thursday afternoon. MFG Project Overview Original Dash Amended Dash Heat Rate Curve Upside Analysis Currency Forwards-February 6, 2001 Months Future FX Cost p.a. 1 1.0007 0.8% 2 1.0015 0.9% 3 1.0030 1.20% 6 1.015 3.00% 9 1.025 3.35% 12 1.04 4.00% 24 1.085 4.16% 36 1.15 4.77% Currency Forwards-Late December 2000 <Embedded Picture (Metafile)<
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