Enron Mail

From:jinsung.myung@enron.com
To:scott.healy@enron.com
Subject:Re: Calpine Indicative Pricing
Cc:mike.miller@enron.com, benjamin.rogers@enron.com
Bcc:mike.miller@enron.com, benjamin.rogers@enron.com
Date:Mon, 28 Feb 2000 01:30:00 -0800 (PST)

Scott: Please see below.

1. How much would this pricing change if power could be called ion 4 hour
blocks and the availability percentages were 97%?
- 4 hour block call: There is a possibility to get better pricing.
- 97% availability: Structuring wants to make sure that there is no
regulatory limitation in related to environmental issue, which may prevent
97% availability.

2. What pricing does the 20 year project model show that we need?
- We also need power curve from year 3 to 20 to calculate Calpine's merchant
revenue.
- We are currently refining the model regarding IDC, residual value, etc.

3. What additional information do you need from me to complete your analysis?
- Unit contingency or liquidated damage protection
- Exact location for power and gas

Once we find out unit contingency and location, I will get the pricing with a
couple of scenarios as you asked:
- Flat and annual capacity for 3 and 5 year
- Power curve from year 3 to 20

Jinsung






From: Scott Healy @ ECT 02/28/2000 07:53 AM


To: Jinsung Myung/Corp/Enron@ENRON
cc: Mike J Miller/HOU/ECT@ECT

Subject: Re: Calpine Indicative Pricing


1. How much would this pricing change if power could be called ion 4 hour
blocks and the availability percentages were 97%?

2. What pricing does the 20 year project model show that we need?

3. What additional information do you need from me to complete your analysis?