Enron Mail

From:george.mcclellan@enron.com
To:mike.mcconnell@enron.com, a..shankman@enron.com
Subject:NoxTech
Cc:j.beyer@enron.com, kevin.mcgowan@enron.com, stuart.staley@enron.com
Bcc:j.beyer@enron.com, kevin.mcgowan@enron.com, stuart.staley@enron.com
Date:Mon, 22 Oct 2001 12:51:54 -0700 (PDT)

The NoxTech tests in Scotland have been delayed by mechanical conditions in the test boiler. It will take 2 - 3 days to perform the boiler repairs and restart the test.

While we have not been able to conduct extensive tests - the initial NOx reductions were in line with expectations. On the downside the ammonia slip was fairly high - which will have to be addressed during the next phase of testing.

Assuming MB can get the boiler fixed - expect to have more complete test results by the end of the week. It is still our intent to find a financial player (Ross - ArcLight - Cline) to buy 3 - 5% of our 50% interest in Clean Energy Solutions. We are trying to prove a valuation of plus $20 mm for our interest - and do a "140" deal by mid - end November.

Will advise any updates.

George