Sorry, I was off the desk and did not read this message earlier.  We did price this put up - it comes out on our offer side in the $6 - $7 range. The best offer we'd make would be $6.  I think Rob gave this number to Rogers earlier this afternoon and hopefully it got to you.



Harry 






 -----Original Message-----
From: 	Kitchen, Louise  
Sent:	Friday, April 20, 2001 12:38 PM
To:	Arora, Harry
Cc:	Presto, Kevin
Subject:	Alamac Option

There is an option in the Alamac agreement which is not a CP&L option - its a financial option with us.

Seller: ENA 
Buyer: AIG
Index: Megawatt Daily in TVA Index
Strike $45/MWh
Exercisable: Day Ahead
Duration: May 1 2001 - December 31, 2001
Type:	On peak
Phy/Fin:  Financial

Please could you price that for me at your offer.

We really need this before 1:30pm for the meeting Kevin is attending.

Thanks

Louise