Bill,

I looked over the attached spreadsheet and have a couple of observations for you.

First, the analysis representing "Existing Contract:  VAMC Cogen Project" looks sound as far as coming up with rough numbers, however if a slightly different analysis would be need to be performed to arrive at the actual numbers.  I am not sure of the power prices that you used but I will assume that the numbers are accurate.

Second, the analysis representing "New Energy and Water Conservation Project:  To be closed December 2001" I know nothing about, therefore can't comment on such.

Richard 

 -----Original Message-----
From: 	Hatch, Bill  
Sent:	Wednesday, October 10, 2001 10:33 AM
To:	Ring, Richard
Subject:	Negawatts from Cogen

Richard,

Here is my first take on the analysis you wanted and acc't numbers.

Please do not show this to anyone before we talk.  I need to get to a meeting in Boston now so I don't have time to write something up which I need to do.  So please keep this just between us.  I'll call you this afternoon.

Thanks, 

Bill

 << File: EFS Negawatts from cogen & CSC.xls >>