CalPeak was formed as a project company, and is being funded by UTC.

CalPeak was formed less than two months ago, and has no financials.

We will provide a pro forma balance sheet should the bidder be selected.

Types of typical project support are things like a UT gurantee for one
month's fuel supply, etc.

Chuck

----- Original Message -----
From: "Ann Donnelly" <adonnell@prmllp.com>
To: "'Charles Hinckley'" <cch@cchinckley.com>; <Kim.Ward@enron.com>;
<adonnell@prmllp.com>
Cc: "'Lyons, Mark'" <mhlyons@earthlink.net>
Sent: Monday, April 02, 2001 4:10 PM
Subject: RE: CalPeak Power RFP - Shortlist


> I just spoke with Kim and she updated me that her credit manager is very
> satisfied with the creditworthiness of United Technologies (he thoroughly
> reviewed the website and all available information).  He reports UT has an
> A+ rating.  However, he can find no link to CalPeak Power, and could we
> please provide that.  Kim would also like some additional specifics on the
> mechanisms that are envisioned for credit support from UT to CalPeak.
>
> Ann T. Donnelly, Ph.D.
> Principal Consultant
> Power Resource Managers, LLP
> 1610 C Street, Suite 102
> Vancouver, WA 98663
> Phone: 360/693-8484
> Fax: 360/693-3487
> e-mail: adonnelly@prmllp.com
> Website: http:\\www.prmllp.com
>
> -----Original Message-----
> From: Charles Hinckley [mailto:cch@cchinckley.com]
> Sent: Monday, April 02, 2001 12:08 PM
> To: Kim.Ward@enron.com; adonnell@prmllp.com
> Cc: Lyons, Mark
> Subject: Re: CalPeak Power RFP - Shortlist
>
>
> CalPeak Power, LLC is a project company and is now a wholly owned
subisdiary
> of Untited Technologies Corporation (NYSE: UTC).  UTC information is
> available at www.utc.com, and from the commercial rating services.
>
> It is not invisioned that CalPeak will benifit from an absolute gurantee
> from UTC; however, some credit suport mechanism will be built into the
> project and into the fuel supply agreements.
>
> Chuck
>
>
> ----- Original Message -----
> From: <Kim.Ward@enron.com>
> To: <adonnell@prmllp.com>
> Cc: <cch@cchinckley.com>
> Sent: Monday, April 02, 2001 2:39 PM
> Subject: Re: CalPeak Power RFP - Shortlist
>
>
> >
> > Ann,
> >
> > I just spoke with Jay Williams from our credit department and he only
> needs
> > CalPeak's latest audited financial statements with management notes.
Any
> > additional information that helps us understand the company and how it
is
> > set up will be helpful.  Sending this information overnight will
probobly
> > be our best bet.  My address is as follows:
> >
> > 1400 Smith Street, EB3206a
> > Houston, TX  77002
> >
> > Also, Jay's phone number is 713-345-3923.  Let me know if you have any
> > questions.
> >
> > Thanks,
> >
> > Kim
> >
> >
> >
> >
> >
>
>
>
>