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Enron Mail |
Scott,
Here is a Calpine update. Deal summary: - ENA would sell four LM-6000 turbines to Calpine. - Calpine would be responsible for permitting, constructing, financing and operating the peaking power plant in Eastern PJM. - ENA would enter into a short-terrm tolling agreement to buy power from Calpine for 3 or 5 years. - Profit generator: We buy power from Calpine at lower price than that of ENA bid curve. Work needed to be done : - getting VOM for LM-6000 from Scot Chambers. - getting flat capacity payment ($/kw-mo period) for 3 and 5 years from Structuring group, based on VOM, heat rate, gas curve, dispatch, and location of the plant. - building 20 year economic model to understand Calpine position. While we are waiting for VOM from Scot Chambers, we will use VOM number from other LM-6000 deal (please see attached email sent to Structuring group by Ben). As soon as we hear from Structuring group, I will give you indicative numbers. Sorry for the delay. Thank you. Jinsung Myung (Ext: 37330) PS: If someone needs to have just Eastern PJM curve, we can try to get from Structuring group. Richard Park told me about PJM curve but I am not sure what exactly this is for. ---------------------- Forwarded by Jinsung Myung/Corp/Enron on 02/23/2000 09:57 AM --------------------------- Benjamin Rogers@ECT 02/23/2000 09:13 AM To: Claire Broido/HOU/ECT@ECT, Jinsung Myung/Corp/Enron@Enron cc: Thomas M Suffield/Corp/Enron@Enron Subject: Claire: Here is the information for the Calpine project that we talked about yesterday and that Jim Simpson sent you the e-mail about. Hypothetical 4 LM 6000 Peaking Project in Eastern PJM VOM: $2.23 H.R. 10,5000 Gas Curve: Transco Zone 6 Power Curve: East Hub Curve in PJM Commercial Operations Date: 6/1/01 We are looking for a 3 and 5 year capacity number ($/kw-mo.) one number for each time period. Please let me know if you need any more information regarding the project. Thanks for your help. Ben
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