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Enron Mail |
----- Forwarded by Elizabeth Sager/HOU/ECT on 10/26/2000 09:15 AM -----
Janice R Moore 10/26/2000 08:22 AM To: Elizabeth Sager/HOU/ECT@ECT cc: Subject: Black Hills Pepperell tolling transaction Do you suppose that Shari could handle this for John today? This is the first I've seen of the term sheet, and I haven't even taken the time to read it, so I'm not even sure exactly what this deal is. "Tolling" means so many different things.............. Shari sent this company an EEI Master this summer and has been bugging them about it but w/ no response (according to the database). Maybe this would be a good opportunity to advance that......... And I'm still working on the Maine SOS proposal, and VPPSA and the N. Carolina project that David Fairley wants comments on yesterday, as well as the Reedy Creek stuff that came up as a rush yesterday afternoon (I've left you a vmail on that). Regards, Janice EB3861 Assistant General Counsel, Enron North America Corp. 713-853-1794 (Fax: 713-646-4842) ----- Forwarded by Janice R Moore/HOU/ECT on 10/26/2000 08:18 AM ----- John Llodra@ENRON 10/26/2000 07:55 AM To: Janice R Moore/HOU/ECT@ECT, Tracy Ngo/PDX/ECT@ECT, Edward Sacks/Corp/Enron@Enron cc: Edward D Baughman/HOU/ECT@ECT, Mark Dana Davis/HOU/ECT@ECT, Kevin M Presto/HOU/ECT@ECT, Jim Homco/HOU/ECT@ECT Subject: Black Hills Pepperell tolling transaction Attached is an indicative term sheet I shared with the customer yesterday relating to the referenced tolling transaction. Preliminary feedback from the customer has been positive, so I am hopeful that we will come to mutually agreeable pricing and terms on this transaction. I should get some additional feedback sometime today. I have raised the flag with the customer that we need to put paper and credit terms in place, and given their desire to close on this quickly, we will likely need to move quickly on this today/tomorrow. As for cedit, their consultant indicated that a corp guarantee from the Black Hill Power Corp parent is probably not the customer's preferred approach, but rather credit arrangements tagged specifically to the project. The project is owned by Black Hills Energy Capital, which invests in power projects through some sort of investment fund. Their consultant speculated that Enron might have some interests in that investment fund relating to some projects out West, but he wasn't sure. In any event, depending on their desire to move forward with us, we will need to be ready to talk credit/contract with them on short notice. I'll keep you all updated on any feedback i get from the customer. Regards John
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