Iris
 
 
The power prices are not financially settled, they are settled by physical delivery, the gas prices are settled against 'Gas Daily' index. What we will need to also look at is, the contractual provision, for 2003 onwards, when the RTO is expected to kick in.
 
Also, lets look at some other term sheets and make a more robust one. What might be a good idea is to call John Llodra and see if he has any old ones he could mail us.
 
 
Harry
 
 
 

-----Original Message-----
From: Mack, Iris 
Sent: Monday, November 05, 2001 10:32 AM
To: Arora, Harry; Blair, Greg
Subject: RE: Synthetic Peaker


Greg,
 
    Attached is a term sheet for the TVA tolling deal.
 
    Please call us on the options desk to discuss after you've taken a look at it.
 
Thanks,
Iris Mack
x3-6711

-----Original Message-----
From: Arora, Harry 
Sent: Monday, November 05, 2001 8:37 AM
To: Mack, Iris
Subject: FW: Synthetic Peaker


 
-----Original Message-----
From: Blair, Greg 
Sent: Friday, November 02, 2001 3:45 PM
To: Blair, Greg; Arora, Harry
Cc: Cavazos, Brandon
Subject: RE: Synthetic Peaker


P.S.  I'm in NY, at home, if either of you need to speak with me.  516 746-1751.

-----Original Message----- 
From: Blair, Greg 
Sent: Fri 11/2/2001 3:43 PM 
To: Arora, Harry 
Cc: Cavazos, Brandon 
Subject: RE: Synthetic Peaker


Harry and Brandon:
 
Just got off the phone with the customer.  Seems we were sufficiently off the market that they didn't see any upside in stringing us along.  I told them that the indicative price came from our structuring group and that we would now try to tighten things up directly with the desk.  Ergo, we get another shot.  Let's make it a good one.

-----Original Message----- 
From: Arora, Harry 
Sent: Fri 11/2/2001 12:38 PM 
To: Blair, Greg 
Cc: 
Subject: RE: Synthetic Peaker


Greg
 
1. Who made these prices ?
 
2. Is this a into TVA product
 
3. Is this a 3 yr starting 2003 they are asking for ?
 
4. How much size are they interested in ?
 
5. Is this a day ahead 5x16 (16 hour minimum) product or is there a 4hr/8hr min ?
 
 
Harry
 
 
 
 
 
 

-----Original Message-----
From: Blair, Greg 
Sent: Friday, November 02, 2001 12:25 PM
To: Arora, Harry; Cavazos, Brandon
Subject: FW: Synthetic Peaker


Harry and Brandon:
 
Apparently, we are not as competitive as we need to be here.  Let me know if there's anything we can do here to make this more attractive.  My quote to them is at the bottom of the thread.

-----Original Message----- 
From: "Hilson, D. Wayne" <dwhilson@tva.gov>@ENRON 
Sent: Fri 11/2/2001 11:07 AM 
To: Blair, Greg 
Cc: Goza, Stuart L. 
Subject: RE: Synthetic Peaker



Greg:

We have completed our evaluation of the two proposed structures (1) May

through September and (2) June through August for a three year duration

beginning in 2003.  Unfortunately, based on the prices quoted below, neither

evaluates well enough that we would want to pursue any further.  We

appreciate your interest and remain interested in any future proposals you

may want to offer.

Regards,

Wayne Hilson

(4230 751-2916

 -----Original Message-----

From:   Greg.Blair@enron.com [ <mailto:Greg.Blair@enron.com>]

Sent:   Tuesday, October 23, 2001 5:33 PM

To:     dwhilson@tva.gov

Subject:        RE: Synthetic Peaker

Any idea on timing of a response?  Just curious.

    -----Original Message-----

   From:   "Hilson, D. Wayne" <dwhilson@tva.gov>@ENRON

   Sent:   Monday, October 15, 2001 4:06 PM

   To:     Blair, Greg

   Subject:  RE: Synthetic Peaker

   Thanks.

   We'll be in touch.

    -----Original Message-----

   From:   Blair, Greg [ <mailto:Greg.Blair@enron.com>]

   Sent:   Monday, October 15, 2001 3:32 PM

   To:     dwhilson@tva.gov

   Subject:     Synthetic Peaker

   Wayne:

   May 1 through Sep 30:  $5.83/kw-mo

   Jun 1 through Aug 31:  $8.78/kw/mo

   Heat Rate:   10,900

   VOM:         $1.63/MWh

   Term:        3 years

   Start:       2003

   Availability:     5x16

   Delivery:    Into TVA

   Regards, Greg



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