Accounting lists the high prob. q2 deals for my budget meeting with Whalley.  Currently you have one deal on it that is DWR and it says 10 Million. Could you please make sure the commication with Accounting is taking place.
John

 -----Original Message-----
From: 	Calger, Christopher F.  
Sent:	Monday, May 21, 2001 4:39 PM
To:	Kitchen, Louise
Cc:	Schoppe, Tammie; Hillis, Kimberly; Lavorato, John
Subject:	Deal Update


- No significant change in margin or hotlist summary

Las Vegas:  Allegheny, Black Hills, Northland Power are on dealbench reviewing data, info memo and purchase and sale agreement.  
Process: review docs and data, visit site, negotiate purchase and sale - still on track for June 30 signing and August 31 funding.

Roseville: Exercised option for $6MM of ERC's from Georgia Pacific.  Working on development agreement and initial CEC application.

AMPS: Last week received complete emissions data on units.  Pursuing deals to install, sell or lease first 2 units.  Most likely structure: Site owner contributes site and pays 20% of costs and get 20% of margin associated with selling energy into merchant market.  Currently in discussion with 6 industrials and 8 utilities.  Oregon Steel is in the lead - they are spending $ on permitting and engineering at their site in Portland (unfortunately the site is near my house so I may protest!).

Blue Dog: $3.5MM of income recognition for turbine sale has moved to Q2 from Q3.

Tolls to Generators: Reliant did not lift our 100MW Mid-C offer. but they are still working on it - they had VAR constraints.  We are also showing synthetic tolls to other generators that expressed interest in our LV toll:  Duke, Constellation, Cinergy, NRG, Dynegy and Allegheny.  While these companies lead with assets, they also have trading functions that seem willing to get long through a PPA.

DWR: Still working through credit and financial info.  Their bid is still there and in the money, but has fallen $2-$3/MWh due to the falling prices in the west.