I talked with Russ.  I told him if he wanted a 5 year, we needed $.26.  We could consider going a little lower if he extended his term to 10 years....I told him we really need $.24 to make it work for 10.  He will run the numbers and call me in the morning.   Kim. 

-----Original Message-----
From: 8772374503@pagenetmessage.net
[mailto:8772374503@pagenetmessage.net]
Sent: Tuesday, August 28, 2001 5:00 PM
To: Watson, Kimberly
Subject: Re: DCF


Reply: Reply from Steve



If they will do ten years then that would probably be ok. I am still concerned about James using December as a start date. We can hopefully discuss tomorrow.

Orig:
> Fr:Kimberly.Watson@enron.com
> Sub:DCF
> Steve,
> 
> James ran numbers.  $.22 for 10 yr. for 43,300/d is a DCF of 16.57% with
> no resubscriptions.  This looks better than any of the 5 year cases on
> either a 120/d case or 150/d case.  Thoughts?  We have not approached
> Duke with a 10 yr term yet.  Thanks, Kim and Michelle
> 
> 
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