See attached memo.  Greg Whiting will be directly in charge of acctg for Sithe and monitoring the income and cash flows.  We are expecting approx $6.8 mm in 2002 earnings which we can monitor against that expectation.  I have told them to take any earnings against the intangible asset as you and I have discussed.  If you want to edit this we can sit down with you and do so.  

Is there someone you want commercially responsible?




 -----Original Message-----
From: 	Hodges, Georganne  
Sent:	Friday, September 14, 2001 3:10 PM
To:	Colwell, Wes
Subject:	FW: Better, Faster, Simpler Memo 

Here are all the pieces and the accounting.  I will send the to-date numbers in a separate email.

 -----Original Message-----
From: 	Whiting, Greg  
Sent:	Friday, September 14, 2001 2:14 PM
To:	Hodges, Georganne
Cc:	Schield, Elaine
Subject:	Better, Faster, Simpler Memo 

Hopefully this will cover what Wes is looking for.  More can be added, but these are the high points.