fyi
---------------------- Forwarded by Kay Mann/Corp/Enron on 03/07/2001 07:18 
PM ---------------------------
From: Lisa Bills/ENRON@enronXgate on 03/07/2001 06:38 PM
To: Chris Booth/NA/Enron@Enron
cc: Kay Mann/Corp/Enron@Enron, Ben Jacoby/HOU/ECT@ECT, Catherine 
Clark/ENRON@enronXgate 

Subject: RE: Blue Dog #2

Chris,
You have probably done this already but please insure that 
accounting/transaction support (Herman Manis or Cris Sherman) have reviewed 
the proposed sale structure to insure the appropriate accounting treatment 
for this transaction.

Also, I will need to review and approve all the agreements with NorthWestern 
before they are finally agreed to between the parties and executed.  As for 
the purchase of the assets out of the financing facility, Kay knows the 
required documents from the Intergen deal.  There needs to be close 
coordination amongst all the internal groups to insure your deal closes 
timely and accurately.  Remember in your negotiations that the money from 
NorthWestern needs to be received into escrow a minimum of 5 Business Days 
before the closing date.  The financing requires the purchase notice (which 
is irrevocable so if Enron provides it and NorthWestern walks, the turbines 
are on Enron's balance sheet at 15% interest rate essentially) be provided to 
the banks at least 5 but not more than 15 Business Days prior to closing date 
for purchase from the financing vehicle.

Thanks for the heads up.

 -----Original Message-----
From:  Booth, Chris  
Sent: Wednesday, March  7, 2001 9:53 AM
To: Bills, Lisa
Cc: Mann, Kay; Jacoby, Ben
Subject: Re: FW: Blue Dog #2

Lisa,

Sorry, I should have included you in the initial distribution.

Ben Jacoby and I are in negotiations with NorthWestern Corporation in a deal 
to place the two GE 7EA's (Blue Dog) turbines.  NorthWestern has indicated a 
strong interest in adding the dual fuel option to the February 2002 delivered 
turbine.  We hope to have NorthWestern sign the LOI by next Friday, 16 
(3/16/01) and pay the "Development Fee".  This transaction should be similar 
to the Intergen deal, with the exception that instead of moving two turbines 
out of the 24 LM 6000 master contract, we plan on assigning the entire Blue 
Dog contract to a LLC that Enron will own 100% at the time of transfer and 
then sell 80% to NorthWestern.

I want to have the change order ready for execution once we come to terms 
with NorthWestern.  In the event that the deal blows up, we will probably 
execute the change anyway.  Please let me know if you have any questions or 
concerns.

Chris
---------------------- Forwarded by Chris Booth/NA/Enron on 03/07/2001 09:40 
AM ---------------------------


Kay Mann
03/07/2001 09:35 AM
To: Chris Booth/NA/Enron@Enron
cc:  

Subject: Re: FW: Blue Dog #2   << OLE Object: StdOleLink >> 

Chris,  Global Finance (Lisa Bills) needs to be kept in the loop on this, 
since this is in TurboPark.

Kay


   

	  From:  Chris Booth                           03/07/2001 09:12 AM
	


To: Renee Alfaro/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Brian D 
Barto/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Kay Mann/Corp/Enron@Enron, Ben Jacoby/HOU/ECT@ECT 

Subject: FW: Blue Dog #2

Renee and Brian,

Please prepare a change order to add dual fuel to the February '02 delivery 
turbine.  The price and commercial information is below.  I have gotten Jeff 
Darst to extend the deadline to exercise the change order to 16 March 2001.

Please make sure we get the change order prepared before the deadline expires.

Chris
---------------------- Forwarded by Chris Booth/NA/Enron on 03/07/2001 09:08 
AM ---------------------------


jeffrey.darst@ps.ge.com on 02/21/2001 12:24:18 PM
To: chris.booth@enron.com
cc:  

Subject: FW: Blue Dog #2

I did send it to the wrong address.  Sorry.

> -----Original Message-----
> From:   Darst, Jeffrey A (PS, PPSD) 
> Sent:   Tuesday, February 13, 2001 4:06 PM
> To:   Booth, Chris (Enron)
> Subject:   Blue Dog #2
> 
> Chris,
> 
> The price to change this unit from Gas Only to Dual Fuel (distillate) is
> $1,445,000.  Based on the payment schedule in Exhibit I-1, 32% of this
> would be due the end of this month.  The remaining payments would be in
> accordance with the payment schedule for Unit #2 in the exhibit.  We are
> putting together a spreadsheet that defines this.
> 
> The offer to make this scope change expires at the end of this month.
> After that time, we will be committed to the gas only configuration.
> 
> The CM&U group is putting together a proposal to convert unit #1 to dual
> fuel.
> 
> Regards,
> 
> Jeff
> Global Power Plant Systems
> 518-385-0663
> 518-381-1513 (fax)
>