Enron Mail

From:gautam.gupta@enron.com
To:benjamin.rogers@enron.com
Subject:
Cc:claire.broido@enron.com, berney.aucoin@enron.com, carl.livermore@enron.com
Bcc:claire.broido@enron.com, berney.aucoin@enron.com, carl.livermore@enron.com
Date:Wed, 23 Feb 2000 02:03:00 -0800 (PST)

Ben, please find attached a summary of the spread option value for 4 LM
6000's for UAE deal.ts. Implicit in the valuation is complete flexibility in
dispatching the plant in 8-hour blocks. The power price curve used is the bid
curve (these are only indicative prices and not the actual prices at which
traders would trade). We used the Mid curve for Gas. The gas pricing includes
NYMEX + Tennessee Z6 Basis + Tennessee Z6 Index. The heat rates were based on
your input. If you have any questions you could call me up at x30678.

Thanks
Gautam