fyi
---------------------- Forwarded by Kay Mann/Corp/Enron on 11/17/2000 08:26 
AM ---------------------------


Dale Rasmussen@ECT
11/16/2000 08:27 PM
To: Kay Mann/Corp/Enron@Enron, jacquelinelindo@akllp.com, 
paulpipitone@akllp.com
cc: Bill Williams/PDX/ECT@ECT, Ron Coker/Corp/Enron@Enron, Andrew 
Kelemen/HOU/ECT@ECT, Sheila Tweed/HOU/ECT@ECT, Alan Larsen/PDX/ECT@ECT 

Subject: GE Breakout contract--Las Vegas Cogen

Thanks for the current draft contract.  I have gone through it and plugged in 
the relevant information I have from the Summary Sheet that GE approved 
earlier.  

What I don't have, and am most interested in obtaining from whatever source 
has them, are the following:

 1. Purchase price information (based on the current outstanding balance)
 2. Payment schedule (based on current outstanding balance) for Section 6.1.2.
 3. The massive volume of specifications and GE boilerplate that is to be 
attached to the contract as Exhibits and Schedules.
 4. A form for Exhibit U, setting out the correct site-adjusted information 
for these 4 turbines.
 5. Unit number identifications and guaranteed delivery dates for each of the 
turbines.  

We are prepared to fill in the unit-specific information beyond that which we 
have already incorporated in the body of the document, and can fill in 
specific numbers in Exhibit U, but need to have the remaining information.

Please note that there appears to be a couple of residual references in the 
contract that may not or are not relevant to all contracts.  

First, Section 10.10.6 (regarding maximum aggregate liquidated damages) 
references 30% of the Purchase Amount.  It should be 30% of the Maximum 
Liability Amount (according to the summary GE approved earlier).

Second, the contract provides for "Optional Electrical Output Guaranty" and 
associated liquidated damages in 10.7.3.  This guaranty by its terms applies 
only to installations utilizing 6 or more turbines.  I have deleted it from 
the LV contract.

In addition, Bill Williams has told me that the site-adjusted performance 
levels that GE provided for the summary information sheet are different (and 
less favorable to the project ) than those GE provided him in other 
documents.  We will need to confirm those numbers with GE.

Is there a contact point at GE whom we should talk with about getting the 
information/Exhibits we need, or do we have the information already?

Please let me know.  We are in serious need of providing a document to our 
prospective purchaser.