I think they are probably pricing calls vs. cancelling the project.

 -----Original Message-----
From: 	Braddock, Billy  
Sent:	Monday, September 24, 2001 2:00 PM
To:	Presto, Kevin M.
Subject:	RE: Oglethorpe Info.

They have begun construction for a couple of CT's (at least they have poured the concrete slab).  However, the 440MW is incorrect (I had pulled this from a list provided by Fundamentals).  It's closer to 200MW (per OPC).  

 -----Original Message-----
From: 	Presto, Kevin M.  
Sent:	Monday, September 24, 2001 1:53 PM
To:	Braddock, Billy
Subject:	RE: Oglethorpe Info.

Have they started construction?   Is the plant a peaker or combined cycle?

 -----Original Message-----
From: 	Braddock, Billy  
Sent:	Monday, September 24, 2001 1:29 PM
To:	Presto, Kevin M.
Subject:	Oglethorpe Info.

FYI.  Oglethorpe (OPC) is inquiring about buying some daily calls for next May-Jul.  I'm already working with Harry/Steve, but thought you would like the reason for the request.  OPC is building a 440MW merchant plant scheduled to be online in June'02.  OPC is looking to buy these calls to hedge against a late online date (suggesting they have already sold at least some of this planned new generation).  

  

Billy