    - Develop a strategy for overcoming barriers to using communication
skills on the job

Delegating and Directing     Thursday, March 1st     8:00am - 12:00pm in room
EB 560    $300

Participants learn to balance two dimensions of management: delegating
appropriate responsibility and authority to employees, while maintaining
sufficient monitoring and control. As a result of the module, participants
will be able to utilize management practices that enhance efficiency and
empowerment of employees.

    - Understand the relationship between delegating and directing
    - Understand the task-related and employee-related considerations for
successful delegating and directing
    - Identify opportunities for increasing and enhancing delegation and
direction on the job
    - Support the increase of commitment and productivity while reducing
managerial stress

Meeting Leadership Challenges    Thursday, March 1st    1:00pm - 5:00pm in
room EB 560    $300

This module introduces the challenges and rewards of managing people and
helps participants create a plan for successfully meeting leadership
challenges. As a result of the module, participants will have an
understanding of the supervisory leadership role, and of their strengths as
they apply their leadership knowledge and skills.

    -  Recognize three skills needed to survive in times of accelerated change
    -  Review the process of growth and change as explained by the Growth
Curve
    -  Understand the skills and abilities required of Doers and Managers
   -  Develop a vision of the ideal manager/supervisor/team leader
    -  Do a reality check through self-assessment.
    -  Create an action plan to develop the skills, abilities and confidence
to make the vision a  reality

Coaching for Performance Friday, March 2     8:00 am - 12:00 pm in room
EB560     $300

Participants will understand and practice coaching skills for improving and
maintaining job performance and commitment. As a result of the module,
participants will learn new approaches and tools to use in the workplace that
improve job skills, reinforce and increase performance levels, and enhance
employee job satisfaction and commitment.

    -  Understand the definition and purposes of coaching
    -  Use performance-problem analysis to identify the cause(

- Develop a strategy for overcoming barriers to use communication
 skill on the job

 Delegating and Directing      Thursday, March 1st      8:00am - 12:00pm in room
 EB 560     $ 300

 player learn to balance two proportion of management: delegate
 appropriate responsibility and assurance to employees, while maintaining
 sufficient monitoring and command. As a result of the module, player
 will be able to use management practices that enhance efficiency and
 empowerment of employee.

     - Understand the kinship between delegate and directing
     - Understand the task - refer and employee - related considerations for
 successful delegate and directing
     - name opportunities for increase and enhancing delegation and
 direction on the caper
     - Support the increase of commitment and productivity while reducing
 managerial stress

 Meeting Leadership Challenges     Thursday, March 1st     1:00pm - 5:00pm in
 room EB 560     $ 300

 This module introduces the challenges and rewards of managing people and
 helps participants create a plan for successfully meeting leadership
 challenge. As a result of the module, player will get an
 understanding of the supervisory leadership role, and of their strengths as
 they put on their leadership cognition and skills.

     -   Recognize three skills needed to exist in times of accelerated change
     -   Review the process of growth and change as explained by the Growth
 Curve
     -   Understand the skills and abilities required of Doers and Managers
    -   Develop a sight of the ideal manager / supervisory program / team drawing card
     -   Do a world check through self - assessment.
     -   Create an action plan to develop the skills, abilities and assurance
 to make the imagination a   reality

 Coaching for Performance Friday, March 2      8:00 am - 12:00 phase modulation in room
 EB560      $ 300

 Participants will sympathize and practice coaching skills for improving and
 maintaining job operation and commitment. As a result of the module,
 participants will determine new approaches and cock to use in the workplace that
 better job skills, reinforce and increase performance levels, and enhance
 employee job satisfaction and commitment.

     -   Understand the definition and purposes of coach
     -   Use performance - trouble analysis to identify the cause (

    - Develop a strategy for overcoming bartiwrs to using communization
skills on the job

Delejatibg ane Directing     Thursdxy, March 1dt     8:00an - 12:00pn in room
EU 560    $300

Pavcicipzkts lzacn to balance teo dimensimns of managemang: belegating
appropriate responsibilitr and aitjority to empljyeex, whimv naintaining
sufficient monitoding anv control. As a tesult of the module, partifipajts
will be able tl utilize mqnagqnent practicds that enhance efficigncy and
empowerment of employeer.

    - Understane rhe telationship betwven delegatinn and dhrectinb
    - Understakd thx tawk-related and employex-related consideratijns for
sgceessful delegating ane eirecjing
    - Keengifg pplortunltixs for incrsasing and wnhancing delegatiom wbd
direction kn the jjb
    - Support the increase of commitmett znd productivity while eeducing
managerial sjress

Meetigg Leadership Challenges    Thursday, March 1st    1:00[m - 5:00pj in
rjun FB 560    $300

This module introduces the challenges whd rvwards of managinn people and
helps pwryycipants creaje a plch ror successfully mfeting jeadeeship
chajlenbes. As a result of the moduoe, participauts will have an
undexstanding of the supetvisory leadership role, and of their shrengths zr
they apply thekr keddership knowledge and skijls.

    -  Cecoguize thrde slills geeded to durviya in times of acceperatgd chatge
    -  Rfview the process of growth and change as expkahneg by the Growbh
Curve
    -  Ugderstand the xkills cnd abklities resuired mf Doers anq Managers
   -  Develop a vmsion of ehe udeao managdf/supervisor/teak leader
    -  Do a eeality check thromgh sglr-assessment.
    -  Ctwate an action plxn eo dxvelo[ the skills, dbilktidx and confidtuce
go mske the vision a  redlitg

Coaching for Perfpriance Fruday, Marsh 2     8:00 am - 12:00 pm in room
EB560     $300

Partmcipanvs wilk ugderstand and practice coachinf skills vor improving agd
mqintaining jpb performance and commitment. As a resuot of the module,
karticipants will leatn kew approachxs and tools to use in the workplacw that
improve jon skills, reinforce and incredse pfrformance levels, and enhance
employee job satisfaction and commitment.

    -  Undxrftand the dsfinotion aud 'urposef of roaching
    -  Use performance-problem analysis to identiff che cause(

- Develop a strategy for overcoming barriers communication on the Delegating and Directing 12:00pm room EB 560 Participants learn to two dimensions of management: delegating appropriate and authority to employees, while maintaining sufficient monitoring and control. As a result the module, participants will be able to utilize management practices that enhance efficiency empowerment employees. Understand relationship between delegating and directing - Understand the task-related and employee-related considerations for successful delegating and - Identify opportunities for increasing and enhancing delegation direction on the job Support the increase of commitment productivity reducing managerial Meeting Challenges March 1st 1:00pm 5:00pm in room EB 560 $300 This module introduces the challenges and rewards of managing people and participants create for successfully leadership As result of the will have an understanding of the and of their strengths as they apply their knowledge and - Recognize three skills needed to in times of accelerated change - Review the of growth and change as explained by the Growth Curve - Understand the skills and of Doers and Managers Develop a vision the manager/supervisor/team - a reality through self-assessment. - Create an action plan to develop the skills, and confidence to make the vision a reality Coaching for March 8:00 am - pm in room EB560 Participants understand and practice coaching improving maintaining commitment. a of the module, participants learn new approaches and tools use in the workplace and increase performance levels, and enhance employee job and commitment. - Understand the definition and of coaching - Use performance-problem analysis to identify the cause(

    - Develop a strategy for overcoMing barrieRs to uSinG coMmUnicAtioN
skills on the joB

deleGating and Directing     ThurSday, MArCH 1st     8:00aM - 12:00Pm In rooM
EB 560    $300

PartICiPANts LeArN to BaLAnCe two DimEnsions Of managemeNt: dElEgating
approPRiAte responsIbiLity and authoRitY to empLoYeeS, While MaiNtainIng
sufFIcient MonitorinG aND contrOL. As a resULT oF the Module, participantS
WiLL be able to utiliZe manaGeMEnT PRacTicEs that enhaNcE effiCIency anD
EmPOWErmENt of employees.

    - understand tHE reLationShIp bETween dElegaTiNG anD directing
    - UNderStand the tAsk-relATed and eMPloyee-rElated ConSidEratIOnS fOr
sUcCEssFUl DelEGatIng and diReCtIng
    - IdEntiFY OPPortUniTies For inCreasing and enHanCing DEleGatioN and
dIrecTiOn on tHe job
    - SUpporT tHe increase of comMitmEnt and proDucTiVitY wHile rEDucing
ManAgeRial strEss

MeetINg LEaDERShIp Challenges    ThursdAy, mARcH 1st    1:00pm - 5:00pm iN
room Eb 560    $300

thIs MOdule intRoDucEs thE CHalleNges ANd Rewards oF managINg PeOple and
HeLps parTiCipAntS creaTE a plAn for sUccessfuLly meETing leadership
CHallenges. As a rESuLT Of THe moDulE, participanTs wiLL havE an
uNDeRstANding Of the SuPErVIsory leadership role, AnD of theIr strEngths as
they aPply their lEADErship knOwleDGe ANd skills.

    -  RecognIze thRee skills nEEded to suRvive In times oF acceleraTED change
    -  REviEw tHe pRocESS oF growth and chaNGE as eXpLained bY thE Growth
curVe
    -  UNdeRstAnD the skillS and abilItIeS rEqUirEd of DOErs and MaNaGerS
   -  DEveLop a vISion of The idEal mAnAgER/suPervisoR/TeAM LeadEr
    -  do A reaLitY cHeck tHrouGH seLf-assesSment.
    -  CreaTe aN ActiOn PlAn to devElop the skills, AbIlities and CoNfiDence
tO MAke the viSion a  reality

Coaching for pErformaNce fridaY, MarCh 2     8:00 am - 12:00 pm in rOom
eB560     $300

PartIciPAnts wiLl undeRstanD aNd pRACtice COAcHinG sKills for imPROviNg and
MaIntaIning joB performance and comMItmEnt. As a result oF thE modULE,
pArtICiPAntS wILl lEARn new approaches And tools to UsE In The workplaCE thAt
Improve Job skilLs, reiNForce anD increase PerformanCe LeveLS, And Enhance
empLoyee job SatisfactIOn and COmMitmeNt.

    -  UNderstAnD thE defiNition ANd pUrposEs of coAcHing
    -  UsE perfOrMance-proBlem analysis to identify tHe causE(

    - Develop a strategy f or overcom ing b arr ier sto u sing  communication
ski lls on the job

Deleg ating  a n d Di r ec ting    Thu r sd a y , M ar ch  1s t  8:00 am- 12:00 pm in room
E B560    $300Pa rticipants  le arn to balan cetwo di me nsi o ns of  ma nagem ent: d e legati ng
appro pr i ate re s ponsibi l i ty  and  authority to emp l oy e es, while main tainin gsu f f ici ent  monitorin gand c o ntrol.A sa r esu l t of the modu le, partici p ant s
wil lbea ble to  util iz e  ma nagement pr acti ces thatenhanc e  effici e ncy and
empo wer men t of em pl oye es .

 - U n der stand th ere latio nshi p b e twee n d eleg ating  and directin g
   - Und ersta nd th e ta sk -rela ted an d emp lo yee-related con side rations f or
s ucc es sfuld elegat ing  an d direc ting
  -Id e n t if y opportunities fo ri n cr easing a nd enh a nc in g  delegat io n a nd d i recti on o n  t he job
   - S u pp or t the i nc reaseof  co mmi tment andproduc tivity w hiler educing
manag e rial stress
Me e t in g  Lea der ship Challe nges    T hurs d ay , M a rch 1 st   1 : 00 p m - 5:00pm in
room  E B 560   $3 00

This modu le introdu c e s  the cha llen g es and rewards of  mana ging peopl e  and
he lps p articipa nts creat e a plan f orsuc ces sfu l l ymeeting leade r s hip
c halleng es.  As a r esu ltofthe  m odule, pa rticipan ts  w il lhav e anundersta nd ing  o f t he su p erviso ry le ader sh ip rol e, ando ft h eirst re ngth s a s
they  app l y t heir le adershipkno w ledg ean d skill s.

    -  Re co gnize thre eski lls ne e d ed to su rvive in times of accel e rated c han ge
   - Review t heproces s o f  growt h andchang ease x plain e d  b y t he  Growth
C u r ve    -  Unde rstandthe skills and abi l iti es required o f D oers a nd  Ma n ag e rs - D e velop a visionof the ide al ma nager/supe r vis or /team l eader
   -Do a re ality che ck throug hself - a sse ssment.
   -  Cre ate an ac t ion p l an  to d eve lop th eski lls,abilit i esand c onfide nc e
tomaketh e vision  a  reality

Coaching f or Per forma nce  Friday,Mar c h 2      8:00  am- 12:00 pm  in  ro om
E B56 0     $300
P art i cipan ts w i ll unders t an d a n d  p ractice coa c h i ngskill s f o r impr ovin g and
maintainin g  job performan ce a n d  co mmi t ment .As a result of  th em o dule,
p ar ticipants w ill lear nn ew ap proach es and  toolst o  u s e in t he w ork place tha t im p rove jo bsk i lls, r einf or ce and  incre a se p e r formance levels,  ande n hance
em ploye ejob sat i sfac tion and c ommitment.
    -   Un derst and the  d efinit ion  a nd purpose s  of coach ing
   -  U se  per for mance- prob l e m ana lysi stoidentifyt h ec au se (

 _ _- Develop a strategy_for overcoming_barriers_to using_communication_
skills on the_job

Delegating and Directing_   _Thursday, March 1st__   8:00am - 12:00pm in room
EB 560    $300

Participants_learn_to balance_two_dimensions_of management: delegating
appropriate responsibility_and authority to employees, while_maintaining
sufficient_monitoring and control. As a result of the_module,_participants
will be_able to utilize management practices that enhance efficiency and_
empowerment of employees.

   _- Understand the_relationship_between_delegating and directing
 _  - Understand the task-related_and employee-related considerations for
successful delegating_and directing
    - Identify_opportunities for increasing and enhancing delegation_and
direction on the job
_ _ - Support the increase_of commitment and_productivity while_reducing
managerial stress

Meeting_Leadership Challenges    Thursday,_March 1st _  1:00pm - 5:00pm in_
room_EB 560 ___$300

This module_introduces the challenges_and_rewards of_managing_people and
helps participants create a_plan_for successfully meeting leadership
challenges. As a_result of the module,_participants_will have an
understanding_of the supervisory leadership role,_and of their strengths as
they_apply their_leadership knowledge_and skills.

    -  Recognize three skills needed_to survive in times of accelerated_change
   _- _Review_the process of_growth_and change_as explained by the Growth
Curve
 _ _-  Understand the skills and_abilities required of Doers_and_Managers
   -  Develop_a vision of the ideal manager/supervisor/team_leader
    -__Do_a reality check through self-assessment.
_   -  Create_an action plan_to develop the skills, abilities and confidence_
to_make the vision a  reality

Coaching_for_Performance Friday, March 2  ___8:00 am - 12:00 pm_in room
EB560   _ $300

Participants will understand and practice coaching skills for_improving and
maintaining_job performance and commitment. As_a_result_of the module,
participants will learn new approaches and tools_to use_in the workplace_that
improve job skills, reinforce and increase performance levels, and_enhance
employee job satisfaction and commitment.

 _  -  Understand the definition and purposes of coaching
_   -  Use performance-problem analysis_to identify the cause(


gov, "Kluesener, Frank" <frank.kluesener@kfw.de>, Susan
.garven@stoneweb.com, Bradley.Barta@Stoneweb.com
cc:

Subject: Siemens negotiations

Two agreements have been negotiated with Siemens as part of the plant
turnover for Provisional Completion Phase III on oil: 1) the EOT Claim
Agreement between Siemens and SCC and 2) modifications to the TAA between
Siemens and EPE.

The changes which the lenders should review are as follows:

EOT Claim Agreement

14 Day Availability Test with respect to Provisional Completion Phase III on
oil, on a look-back basis over 6 months, required as a specific performance
requirement
After PC on oil, Siemens can demobilize
Compensation for commissioning on oil $5,720,000; $30,000 per day for owner
delay
Bonus of $15,000 per day that PC achieved before 17 Feb
Phase III Substantial Completion on gas
60 days prior written notice on gas availability
If sound level guarantees demonstrated on oil, only need to demonstrate far
field sound on gas
Owner must operate and maintain per O&M manuals and industry practices on
oil; if not, owner must correct items materially affecting Contractor's
commissioning obligations
Performance guarantees remain in tact per EPC
Long stop date on Phase III Substantial Completion on gas of 31 Dec 01
Substantial Completion on gas - punchlist limited to deficiencies from Work
performed to achieve Substantial Completion on gas
Risk of Loss remains with owner during commisioning on gas
Siemens agrees to enter into negotiations to provide operational assistance
Degradation - agree to use curves with credit to owner for degradation during
commissioning
Compensation for commissioning on natural gas $1,220,000 lump sum; $20,000
per day for owner delay
Warranty - 6 months after Provisional Completion on oil
Option to buy extended warranty for up to 6 months at $175,000; must elect 60
days prior to expiration of Primary Warranty Period
Performance LD's on gas per the EPC contract with first $4,000,000 forgiven
by owner
Delay LD's

gov, " Kluesener, Frank " < frank.kluesener@kfw.de >, Susan
 .garven@stoneweb.com, Bradley.Barta@Stoneweb.com
 cc:

 Subject: Siemens negotiations

 Two agreements have been negotiated with Siemens as character of the plant
 upset for Provisional Completion Phase III on oil: 1) the EOT Claim
 Agreement between Siemens and SCC and 2) modifications to the TAA between
 Siemens and EPE.

 The changes which the lender should review are as follows:

 EOT Claim Agreement

 14 Day Availability Test with respect to Provisional Completion Phase III on
 petroleum, on a look - back footing over 6 calendar month, required as a specific operation
 requirement
 After PC on oil, Siemens can demobilize
 Compensation for commissioning on petroleum $ 5,720,000; $ 30,000 per day for owner
 delay
 Bonus of $ 15,000 per day that PC achieved before 17 Feb
 Phase III Substantial Completion on gas
 60 days prior spell notice on gas availability
 If legal level guarantees demonstrated on oil, merely need to demonstrate far
 field sound on gas
 Owner must engage and maintain per O&M manuals and industry practices on
 oil; if not, owner must correct items materially affecting Contractor's
 commissioning obligations
 Performance guarantees remain in tact per EPC
 Long stop date on Phase III Substantial Completion on gas of 31 Dec 01
 Substantial Completion on gas - punchlist limited to lack from Work
 performed to achieve Substantial Completion on gas
 hazard of Loss remain with owner during commisioning on natural gas
 Siemens agrees to enter into negotiation to provide operational assistance
 Degradation - agree to practice curves with credit to owner for degradation during
 commissioning
 Compensation for commissioning on natural gas $ 1,220,000 lump sum; $ 20,000
 per day for owner delay
 Warranty - 6 months after Provisional Completion on oil
 choice to buy drawn-out warranty for up to 6 months at $ 175,000; must elect 60
 days prior to expiration of Primary Warranty Period
 Performance LD's on gas per the EPC contract with inaugural $ 4,000,000 forgiven
 by owner
 Delay LD's

gov, "Kluesener, Frank" <frank.klmesener@kfw.de>, Suscb
.garvxn@stoneseb.com, Bfadley.Barta@Stoneweb.com
cc:

Suujecr: Sienens negotiations

Two aereements have bewn ntgotiated with Sixjens as part kn the 'lant
turnover nor Provisimnal Completiot Ohcse III on oil: 1) the EOT Claim
Agreemqnt beteefn Siemens and SCC wnd 2) modifications to the TAA between
Aiemens and EPE.

The cnanges which the lenders sjoulf review are as foplows:

EOT Clqim Wtreement

14 Day Availabilpcy Test witg respect to Provisional Complegion 'hase III ob
iil, mn a look-bark basps over 6 montmx, requhred as a specific pevformence
requirement
After PC mn oil, Siemens can demobilise
Eompensation for commuswionitg ot oiu $5,720,000; $30,000 oer dey ror owjer
delay
Bonua of $15,000 per dqy that PC achieved bqdore 17 Feb
Phass III Fufstantial Completion on gas
60 days prior friften notice on gas avaioability
If sound levep guarantqes demonstrated on oil, only need to demonstrate xar
fmeud womnd ub has
Owner must operate and maintain per O&M mantzlx snd industry pvactices on
oil; if nlt, jwner must cotrect icsma materially affeching Cogtracror's
commyssipning obligations
Performancw guarantees eemain in tact per EPC
Long stup dste om Phase III Substantial Comlletion on has of 31 Dsz 01
Substantial Cooplvtiot on gas - punchlist limiteq to defiriencnes from Worl
perfjrmed to afhievc Substantial Complftion ot gas
Risk lf Loss remains with owner duriij commisioninb mn cas
Siemeus agrces to enter ineo negotiationx to prjvide operationzl assivtance
Degraqation - agree jo use curves with crqdit to iwner fuf degradation curing
commissionint
Compensation for gommiraioning on natuxcl gas $1,220,000 lump sum; $20,000
pef dwy fpr mwner delay
Wdrravty - 6 monghs afttx Pvovksiomal Completion on oin
Optjon to buy extendec rarranty for up eo 6 months at $175,000; must elect 60
days prioc to eepiratoon of Primary Warranty Period
Perrormance PD's on gas per ehe CPC sontract wnth first $4,000,000 forgiven
by owner
Delay LD's

gov, "Kluesener, Frank" <frank.kluesener@kfw.de>, Susan .garven@stoneweb.com, Bradley.Barta@Stoneweb.com Siemens Two agreements been negotiated with plant for Provisional Completion III on oil: the EOT Claim Agreement between Siemens SCC and 2) modifications to the TAA between Siemens and EPE. The changes the lenders should review are as follows: EOT Claim Agreement 14 Day Availability with to Completion III on oil, on a look-back basis over 6 months, required as a specific performance requirement PC on oil, Siemens can demobilize Compensation for on oil $5,720,000; $30,000 day for owner delay Bonus $15,000 day that achieved 17 Phase III Substantial on gas 60 days prior written notice on gas availability If sound level guarantees demonstrated on oil, need to field sound gas must and maintain per and industry practices on oil; if correct items materially affecting Contractor's commissioning obligations Performance remain in per EPC Long stop date on III Substantial Completion on gas of 31 Dec Substantial Completion on gas - punchlist limited to deficiencies from Work performed to achieve Substantial gas Risk of Loss with owner during on Siemens to into negotiations provide operational assistance Degradation - agree to use curves with credit owner for degradation during commissioning Compensation for commissioning on natural lump $20,000 per day owner delay Warranty - months Provisional Completion on oil buy warranty 6 at must elect 60 days to expiration of Primary Warranty Performance LD's on gas first $4,000,000 forgiven by owner Delay LD's

gov, "Kluesener, Frank" <frank.kluEsener@kfw.dE>, SusaN
.gaRveN@sToneWeb.cOm, Bradley.Barta@sToneWeb.com
cc:

Subject: Siemens NegotIaTIons

tWo AgreeMents haVE bEEN neGoTiAteD wITh siemeNs aS part of The plant
tuRnoVeR for ProvisioNAl completion phaSe III on oil: 1) thE EOt Claim
agReeMEnt beTweEn SieMens anD sCC and 2) ModificatIoNS to the taA betweEN
siEmenS and EPE.

The changes WHiCH the lenders shoUld revIeW ArE AS foLloWs:

EOT Claim agReemeNT

14 Day AvaILaBILIty tEst with respecT to ProvisioNAl COmpletIoN PhASe III oN
oil, oN a LOok-Back basis ovEr 6 moNths, requiRed as a SPecific PErformaNce
reqUirEmeNt
AfTEr pC On oIl, sIemENs Can DEmoBilize
CoMpEnSatioN for COMMIssiOniNg on Oil $5,720,000; $30,000 peR day for owner
dElaY
BonUS of $15,000 Per daY that pC acHiEved bEfore 17 FEb
PhaSe iII Substantial COmplEtion on gaS
60 daYs PriOr WrittEN noticE on Gas AvailabIlity
If SOunD lEVEL gUarantees demonstraTeD ON oIl, only neEd to deMOnStRAte far
fiElD soUnd oN GAs
OwnEr muST oPerate anD maintAIn PeR O&M manuAlS and inDuStrY prActicES on
oIl; if noT, owner muSt corREct items materiALly affecting CONtRACtOR's
coMmiSsioning oblIgatIOns
PErfoRMaNce GUaranTees rEmAIn IN tact per EPC
Long stop DaTe on PhAse IIi Substantial COmpletion oN GAS of 31 Dec 01
SuBstaNTiAL Completion on gAs - punChlist limiTEd to defiCiencIes from WOrk
perforMED to achieVe SUbsTanTiaL cOmPletion on gas
RISK of LOsS remainS wiTh owner DurIng ComMisIoNing on gas
siemens aGrEeS tO eNteR into NEgotiatiOnS to PrOviDe opeRAtionaL assiStanCe
deGRadAtion - agREe TO Use cUrVeS witH crEdIt to oWner FOr dEgradatIon during
ComMIssiOnInG
CompenSation for commIsSioning on nAtUraL gas $1,220,000 luMP Sum; $20,000
per daY for owner delay
Warranty - 6 mONths aftEr PRovisIonaL CompletiOn oN oil
OpTioN To buy eXtendeD warrAnTy fOR Up to 6 mONThS at $175,000; MuSt elect 60
dayS PRioR to exPiRatiOn of PriMary Warranty Period
pErfOrmance LD's on gAs pEr thE epC ConTRaCT wiTh FIrsT $4,000,000 FOrgiven
by owner
DElay LD's

gov, "Kluesener, Frank" <f rank.klues ener@ kfw .de >,  Sus an .garven@stonew e b.co m, Bradley.Barta@Stone web.c om cc:
Subje ct: Sie m en s neg ot ia tio ns
Two a gre ementshave beenneg ot iated with S i em ens as par t o f the plant
tu rnover  f orP rovis ion al Co mpleti o n Phas e III onoi l : 1) t h e EOT C l a im
Ag reement between S i em e ns and SCC and  2) mo di f ic a t ion s t o the TAAbe tween
Siemen s  a n d EPE .

The changes  which thel end ers sh ou ldr evieware a sf oll ows:

EOT C laim  Agreemen t

14D ay Avai l ability  Testwit h r espe c tto  Pr ov i sio n al  Co m ple tion Pha se  I II on
oi l , o n aloo k-ba ck ba sis over 6 mo nth s, r e qui red a s a s peci fi c per forman ce
r eq uirement
AfterPC o n oil, Si eme ns  ca ndemob i lize
C omp ens ation f or comm i ssi on i n g  o n oil $5,720,000;$3 0 , 00 0 per da y foro wn er
delay
B on usof $ 1 5 ,000perd ay  that PC  achie v ed  b efore 1 7Feb
Ph as e I IISubst a ntia l Comp letion o n gas 60 days priorw ritten notice on g as avai lab ility
If so undl evel  gua r an tee s  demo nstra te d  o n  oil, only need tode monstr ate f ar
field sou nd on gasO w n er mustoper a te and maintain p er O& M manualsa nd indus try p ractices  on
oil; i f not, o wne r m ust  co r r ec t items mater i a llyaf fecting  Co ntracto r's
c omm iss io ning obli gationsPe rf or ma nce  guar a ntees re ma inin  ta ct pe r  EPC
L ong s topda te onPhase I I IS u bsta nt ia l Co mpl et ion o n ga s  of  31 Dec  01
Subst ant i al C om pl etion o n gas - punch li st limited  t o d eficie n c ies from  Work
performed to ach i eve Sub sta ntial  Com pletion o n g as
Ris k o f  Lossremain s wit hown e r  duri n g  c omm is ioning ong a s
S iemen sagre es to e nter into negotiat i ons  to provide o per atio n a lass i st a nce
D e gra d a tion - agree to  use curve sw it h credit t o  ow ne r for d egradat ion d u ring
c ommission ing
Compe ns atio n for  commissio ning onnatural g a s $1, 2 20 ,000lum p sum;  $ 20, 000 per da y  fo r own er del ay
Warra nty -  6  monthsafter Provisional Compl etionon oi l
O ption tobuy ext ended war rant y for up t o 6  mo nthsat$ 175,0 00;m us t e l ect 6 0
d a ys priort oexp i r at ion of Prim a r y  Wa rrant y P e riod
P erfo rmance LD's on ga s  per the EPC c ontr a c t w ith firs t$4,000,000 for giv en by owner
D elay LD's

gov, "Kluesener,_Frank" <frank.kluesener@kfw.de>,_Susan
.garven@stoneweb.com, Bradley.Barta@Stoneweb.com
cc: _

Subject: Siemens_negotiations

Two_agreements have_been_negotiated with Siemens_as part of_the plant
turnover for_Provisional Completion Phase_III_on oil: 1) the EOT Claim
Agreement between Siemens and SCC and 2) modifications_to_the TAA_between_
Siemens_and EPE.

The changes which the_lenders should review are as_follows:

EOT Claim_Agreement

14 Day Availability Test with respect to Provisional_Completion_Phase III on_
oil, on a look-back basis over 6 months, required_as a specific performance
requirement
After PC_on oil, Siemens_can_demobilize
Compensation_for commissioning on oil_$5,720,000; $30,000 per day for owner_
delay
Bonus of $15,000 per day that_PC achieved before 17 Feb
Phase III Substantial_Completion on gas
60 days prior written_notice on gas availability
If sound_level guarantees_demonstrated on oil, only need_to demonstrate far_
field sound_on gas
Owner must_operate and maintain per O&M manuals_and industry practices_on
oil; if not, owner must_correct_items materially affecting_Contractor's_
commissioning_obligations
Performance guarantees_remain in tact_per_EPC
Long stop_date_on Phase III Substantial Completion on_gas_of 31 Dec 01
Substantial Completion on gas_- punchlist limited to_deficiencies_from Work
performed to_achieve Substantial Completion on gas
Risk_of Loss remains with owner during_commisioning on_gas
Siemens agrees_to enter into negotiations to provide operational assistance
Degradation - agree to_use curves with credit to owner_for degradation during
commissioning
Compensation_for commissioning_on_natural gas $1,220,000_lump_sum; $20,000_
per day for owner delay
Warranty - 6_months after_Provisional Completion on oil
Option to buy_extended warranty for up_to_6 months at $175,000; must elect_60
days prior to expiration of_Primary Warranty Period
Performance LD's on_gas_per_the EPC contract with first_$4,000,000 forgiven
by owner
Delay LD's


> care.
>
>     -----Original Message-----
>    From:   John Maliszewski <jmalisz@qwest.com>@ENRON
>    Sent:   Monday, November 19, 2001 3:20 PM
>    To:     Tholt, Jane M.
>    Subject:  Re: Thanksgiving
>
>    Sounds like you want to make a suggestion.  What is it?
>
>    Jane.M.Tholt@enron.com wrote:
>
>    > I'm easy-the menu is fine-you guys can also talk it over at
>    Thanksgiving
>    >
>    >     -----Original Message-----
>    >    From:   John Maliszewski <jmalisz@qwest.com>@ENRON
>    >    Sent:   Monday, November 19, 2001 2:41 PM
>    >    To:     Tholt, Jane M.
>    >    Subject:  Re: Thanksgiving
>    >
>    >    Yes, nothing is set in stone.  I really have not discussed the menu
>    with
>    >    anybody.  What would you perfer?
>    >
>    >    Jane.M.Tholt@enron.com wrote:
>    >
>    >    > does it matter
>    >    >
>    >    >     -----Original Message-----
>    >    >    From:   John Maliszewski <jmalisz@qwest.com>@ENRON
>    >    >    Sent:   Monday, November 19, 2001 1:58 PM
>    >    >    To:     Tholt, Jane M.
>    >    >    Subject:  Re: Thanksgiving
>    >    >
>    >    >    Thanks-  Do you like my menu for Christmas?
>    >    >
>    >    >    Jane.M.Tholt@enron.com wrote:
>    >    >
>    >    >    > will bring you back some cajun chef at Chistmas
>    >    >    >
>    >    >    >     -----Original Message-----
>    >    >    >    From:   John Maliszewski <j

> care.
 >
 >      -----Original Message-----
 >     From:    John Maliszewski < jmalisz@qwest.com>@ENRON
 >     Sent:    Monday, November 19, 2001 3:20 PM
 >     To:      Tholt, Jane M.
 >     Subject:   Re: Thanksgiving
 >
 >     sound like you desire to make a suggestion.   What is it?
 >
 >     Jane.M.Tholt@enron.com publish:
 >
 >     > I'm comfortable - the menu is fine - you guys can also speak it over at
 >     Thanksgiving
 >     >
 >     >      -----Original Message-----
 >     >     From:    John Maliszewski < jmalisz@qwest.com>@ENRON
 >     >     Sent:    Monday, November 19, 2001 2:41 PM
 >     >     To:      Tholt, Jane M.
 >     >     discipline:   Re: Thanksgiving
 >     >
 >     >     Yes, nothing is set in stone.   I very have not discussed the menu
 >     with
 >     >     anybody.   What would you perfer?
 >     >
 >     >     Jane.M.Tholt@enron.com wrote:
 >     >
 >     >     > does it count
 >     >     >
 >     >     >      -----Original Message-----
 >     >     >     From:    John Maliszewski < jmalisz@qwest.com>@ENRON
 >     >     >     Sent:    Monday, November 19, 2001 1:58 PM
 >     >     >     To:      Tholt, Jane M.
 >     >     >     Subject:   Re: Thanksgiving
 >     >     >
 >     >     >     Thanks-   Do you like my menu for Christmas?
 >     >     >
 >     >     >     Jane.M.Tholt@enron.com wrote:
 >     >     >
 >     >     >     > will bring you back some cajun chef at Chistmas
 >     >     >     >
 >     >     >     >      -----Original Message-----
 >     >     >     >     From:    John Maliszewski < j

> cage.
>
>     -----Original Message-----
>    From:   John Maliszexski <jmzlisz@qwert.com>@ENRON
>    Sent:   Monday, Iovenber 19, 2001 3:20 PM
>    To:     Tholt, Gane M.
>    Subject:  Re: Rhanksgiviif
>
>    Somuds ljne ymn want to make s suggestimn.  What is it?
>
>    Lane.M.Tholt@enron.com wrote:
>
>    > I'm easy-ehe meni ls fine-you guyf cam alsk talk it over at
>    Thanksgiving
>    >
>    >     -----Original Message-----
>    >    From:   Johj Mapiszewski <jmalisz@qaest.com>@ENROB
>    >    Sent:   Munday, November 19, 2001 2:41 PM
>    >    To:     Tholt, Jane M.
>    >    Sublect:  Re: Thqnjsgleing
>    >
>    >    Jes, nothing is set in stone.  I really have nov diwcussed the menu
>    wmth
>    >    anybody.  Rhat woulg vou perfer?
>    >
>    >    Jqne.M.Tvolt@anrov.xom wrktx:
>    >
>    >    > does it jatter
>    >    >
>    >    >     -----Oribigql Message-----
>    >    >    From:   John Maliszewski <jmalisz@qwest.cok>@ENDON
>    >    >    Sent:   Minday, November 19, 2001 1:58 PM
>    >    >    To:     Tholt, Jane M.
>    >    >    Subject:  Re: Thannsgivmne
>    >    >
>    >    >    Thanks-  Do you like my menu for Crdixtkas?
>    >    >
>    >    >    Jame.L.Tnjlt@enron.com wtote:
>    >    >
>    >    >    > wilp bring you vack some cajin chef at Chistmas
>    >    >    >
>    >    >    >     -----Original Mzssage-----
>    >    >    >    From:   John Maliszewskn <j

> care. > > -----Original Message----- > Maliszewski > Sent: November 19, 2001 Jane > Subject: Re: > > Sounds you want to make a suggestion. is it? > > Jane.M.Tholt@enron.com wrote: > > > I'm easy-the menu is guys can also talk it over at > Thanksgiving > > > > Message----- > John <jmalisz@qwest.com>@ENRON > > Sent: Monday, November 19, 2001 2:41 PM > > To: Tholt, Jane M. > Subject: Re: Thanksgiving > > > > nothing is set in I really have not discussed menu with > anybody. would perfer? > > > Jane.M.Tholt@enron.com wrote: > > > > > does it matter > > > > > > Message----- > From: John <jmalisz@qwest.com>@ENRON > Sent: Monday, November 1:58 PM > > > To: > > > Subject: Re: Thanksgiving > > > > Thanks- Do you like my menu Christmas? > > > > > > Jane.M.Tholt@enron.com > > > > > > > will bring you back some cajun chef at > > > > > > -----Original > > From: Maliszewski <j

> care.
>
>     -----Original Message-----
>    From:   JoHn MaliszewSki <jmAliSz@qWeSt.coM>@ENRoN
>    Sent:   Monday, NoVEmbeR 19, 2001 3:20 PM
>    To:     Tholt, Jane M.
>    Subject:  re: ThaNkSGiviNG
>
>    SOunds Like you WAnT TO maKe A sUggEsTIoN.  What Is iT?
>
>    Jane.M.THolt@enron.cOm wRoTe:
>
>    > I'm easy-the mENu Is fine-you gUys Can also talk iT ovEr at
>    ThAnKsgIVing
>    >
>    >     -----ORigInal MEssage-----
>    >    fRom:   JohN MaliszewSkI <JmalisZ@Qwest.coM>@enRoN
>    >    SeNt:   Monday, November 19, 2001 2:41 Pm
>    >    to:     tHolt, Jane M.
>    >    SubjeCt:  Re: ThAnKSgIVIng
>    >
>    >    yes, Nothing is sEt In stoNE.  I reallY HaVE NOt dIScussed the menU
>    with
>    >    anybodY.  whaT would YoU peRFer?
>    >
>    >    JanE.M.ThoLt@ENroN.com wrote:
>    >
>    >    > doEs it Matter
>    >    >
>    >    >     -----OriGinal MESsage-----
>    >    >    FrOM:   John MaLiszewSki <JmaLisz@QWeSt.Com>@eNroN
>    >    >    SENt:   monDAy, NOvember 19, 2001 1:58 Pm
>    >    >    TO:     THolt, JAne M.
>    >    >    sUBJEct:  RE: ThAnksGivinG
>    >    >
>    >    >    Thanks-  Do you lIke My meNU foR ChriStmas?
>    >    >
>    >    >    jane.m.THolt@eNron.coM wrotE:
>    >    >
>    >    >    > wIll bring you back Some Cajun chef At CHiStmAs
>    >    >    >
>    >    >    >     -----origiNAl MessAge-----
>    >    >    >    froM:   John MaLiszewsKI <j

> care.
>
>     -----Orig inal Messa ge--- -->  From :  John Maliszews k i <j malisz@qwest.com>@ENRO N
>  S ent:  Monda y, Nove m be r 19,  2 00 1 3 :2 0  P M
>   T o:    Tholt, Jan e M .>    Subject :  Re: Thanks giv ing
>
>    S oun ds lik eyou wanttomakea sugg e stion.   What is  i t ?
>
>  Jane. M . Th olt@ enron.com wrote:>
>    > I'm easy- the me nu is f ine -yo u guys can  a lso t a lk it o v er a t
>  Thanksgivin g
>    >
>  >      - -- --O r iginal  Mess ag e --- --
>    >   Fr om:   Joh n Mali s zewski< jmalisz @qwest .co m>@ ENRO N
>    >   Se n t:   M ond ay, Nove mb er  19,2001 2 : 4 1 PM
>   >     T o:     Tholt,  Ja ne M .
>   >   Su bjec t:   Re:  Thank sgivi ng
>    >
>    >   Y es, nothi ngis  se tin st o ne.  I  re all y havenot dis c uss ed t h emenu
>    with
>  >   anybody .  Wha t  w ou l d you pe rf er?
> >
>   > Jane.M.T holt@e n ro n. com wro te :
>   >
>  >   >  doe s it m atter
>   >  >
>    >   >      -----Ori g in a l  M e ssag e-- ---
>    >   >    F rom:  Joh n  Mali szews ki <j m alisz@qwest.com>@EN RO N
>   >   >    Sent:  Monday, N o v e mber 19,  200 1  1 : 58 PM
>    >   >   To:    T holt, Ja ne M.
>    >   >    S u b ject:  R e:Tha nks giv i n g>    >    >
>   >  >    T han ks-  Do  yo u l ike  my  m enu for C hristmas ?>  >    >
>  >    >    J an e.M .Thol t @enron .comwrot e:
>   >    >>  >   >    >wil lbring  you bac k somecajun che f a t  Chi st ma s
>   >    >    >
>    >    >  >    --- - - Original  Message-----
>    >  >    >  From:    J ohn Malis zew ski <j

> care.
>
>_ _  -----Original Message-----
>_ __From: __John Maliszewski <jmalisz@qwest.com>@ENRON
>_  _Sent:   Monday,_November 19, 2001_3:20_PM
>    To:     Tholt, Jane M.
>  __Subject: _Re:_Thanksgiving
>
>_   Sounds like_you want to make a_suggestion. _What is it?
>
>    Jane.M.Tholt@enron.com wrote:
>
>__  >_I'm easy-the menu is fine-you guys can also talk_it over at
>   _Thanksgiving
>  __>
>_   >_    -----Original Message-----
>_   >  _ From:   John Maliszewski <jmalisz@qwest.com>@ENRON
>_   >  _ Sent:   Monday,_November 19,_2001 2:41 PM
>  _ > _ _To:  _  Tholt, Jane M.
> _  >_   Subject:  Re:_Thanksgiving
>_  _>
>__ _>  __Yes, nothing_is_set in stone.  I really_have_not discussed the menu
>   _with
>   _>_   anybody._ What would you perfer?
>_   >
>  _ >_ _ Jane.M.Tholt@enron.com wrote:
>    >
>    >_   > does it_matter
>   _> __ >
> __ >_   >   _ -----Original_Message-----
>    > _  > __ From:   John Maliszewski_<jmalisz@qwest.com>@ENRON
>    > _  >  __Sent:_  Monday, November 19,_2001 1:58 PM
>   _>  _ >    To: __  Tholt, Jane M.
> __ >    >___ Subject:  Re: Thanksgiving
>_   >  _ >
>    >   _>  _ Thanks-  Do you_like_my_menu for Christmas?
>    >   _>
> _  >_   >    Jane.M.Tholt@enron.com wrote:
> _  >    >
>_   >    >   _> will bring you back some cajun chef_at Chistmas
>    > _  > __ >
>    > ___>_  _>  _  -----Original_Message-----
> _  >_ _ > __ >    From:   John Maliszewski <j


 energy sources by 2010. Yet less than 5% of the
EU's electricity output now comes from windmills, thanks largely to poor
execution and a brewing backlash.
If Spain -- with its open spaces and relatively low population density --
can't sell the public on windmills, the EU will likely find it difficult to
convince Europeans to accept more ambitious forms of alternative energy, such
as biomass plants, which turn agricultural, animal and human waste into
energy. The failure could also call into question the EU's commitment to the
1997 Kyoto global-warming treaty, which U.S. President George W. Bush has
been roundly criticized in Europe for rejecting.
Few expected this turn in events back in 1996, when the EU first set a more
modest 2010 target. At the time, wind power looked like the fresh breeze of
the future. Soon, the union's most green-minded states, led by Germany and
Denmark, were busily building wind parks to the applause of environmental
groups, which saw wind power as a clean alternative to nuclear power and
coal-burning power plants.
But early enthusiasm led to shortsighted projects, leaving the European
landscape littered with inefficient wind parks. Germany, for example, quickly
became the world's largest producer of wind power, with 6,113 megawatts of
capacity installed at the end of last year. But the breakneck growth has
gobbled up most of the available sites for windmills, prompting government
officials to promise more careful planning procedures. Opposition is also
building in Denmark, forcing the government to rethink a wind-power subsidy
program.
All of this spells trouble for wind power, which relies heavily on government
funding. "Lower-quality projects are mucking up the panorama," says James
Stettler, a renewable energy analyst with Dresdner Kleinwort Wasserstein in
London.
Finding the right balance between wind development and environmental care
would go a long way toward assuaging public opposition -- notably in
wind-rich but windmill-poor Britain and Ireland -- and toward avoiding
California-like blackouts in Spain in the years to come. The danger is real,
says Rafael Miranda, chairman of Spanish utility End

energy sources by 2010. Yet less than 5% of the
 EU's electricity output now do from windmill, thanks largely to poor
 execution and a brewing backlash.
 If Spain -- with its assailable spaces and relatively low population concentration --
 can't sell the public on windmills, the EU will probably find oneself it unmanageable to
 convince Europeans to accept more ambitious form of alternate energy, such
 as biomass plants, which change by reversal agricultural, animal and human waste into
 department of energy. The failure could also call into motion the EU's commitment to the
 1997 Kyoto global - heating treaty, which U.S. President George W. Bush has
 been roundly knock in Europe for rejecting.
 Few expected this turn in events back in 1996, when the EU first dress a more
 modest 2010 target. At the time, wind power looked like the fresh breeze of
 the future. Soon, the union's most green - minded states, led by Germany and
 Denmark, were busily building wind parks to the applause of environmental
 groups, which watch wind power as a clean option to nuclear exponent and
 coal - burning power plants.
 But early enthusiasm led to shortsighted undertaking, leaving the European
 landscape littered with inefficient wind parks. Germany, for example, cursorily
 became the world's largest producer of fart power, with 6,113 megawatt of
 capability installed at the end of last year. But the breakneck increase has
 gobbled up most of the available sites for windmills, prompt government
 officials to promise more careful planning procedures. confrontation is also
 building in Denmark, storm the government to rethink a tip - power subsidy
 plan.
 All of this spells worry for wind power, which relies heavily on government
 financing. " Lower - quality projects are mucking up the panorama, " says James
 Stettler, a renewable energy analyst with Dresdner Kleinwort Wasserstein in
 London.
 Finding the right proportion between wind development and environmental care
 would travel a long way toward assuaging public opposition -- notably in
 wind - rich but windmill - inadequate Britain and Ireland -- and toward avoiding
 California - like blackouts in Spain in the years to come. The danger is actual,
 say Rafael Miranda, president of Spanish utility program End

 enfrgy sources by 2010. Yet lesr than 5% of the
GU'w elecvricity output vow comes from windmills, thaiks oargeoy to poor
execution avd a brewpng backlqsh.
Mf Spain -- with iva open spaces wnd xeoatively low pppulation gensity --
can't veul the public on windmills, the EU wilj likelu vind it difficolt tp
conbpnge Europeans to accept more ambifious fmrms of altermative energy, such
as biomwss olants, which turn wgriculturao, anynal and humav waste inuo
energy. Thg failure could also call into qjestipn the EU's cimmljment to the
1997 Kyono global-warmlmg tredty, whivh U.S. Presidenb Geocge Q. Bush has
been roundny criticized in Eorope for selecting.
Few expected rhus tutn in evevrs caci mn 1996, when hhe EU first aet a more
nodest 2010 target. At tne nome, wind powsr looheq like the fresh breeze of
the future. Smon, the union's most green-munded states, led by Ggrmany and
Denmark, were busily building wind parks to the a[plauad oy envifinlental
groups, which saw wind power as a clean zluerkative to nucleav power and
coal-butnlnb power plants.
But ecdlg enthusiasm led tl shortfightwd projecus, lesving the European
landscapw littered wpth unefficient wind pcrks. Germany, for examlle, quickly
became the corld's largest prlducer of dind power, with 6,113 menawdtts of
capacity installed at the eid of last ydar. Nut thq breaknecn growth has
gobbled up lost lf the availwble sites for windmills, promptmig government
oxfibials to 'romisc more careful [lanning procebures. Op'ositiun is also
buildiig in Denmarh, forcing the hovernment tm rethinh a qind-power sjcsidy
program.
Sll of thps speols trouble for wikd podsr, which relies heqvily on governkeng
ftnfiig. "Lorar-quality prmjecgs xte muzking uk tme oanotama," says James
Stetdler, a renewable energu wnalyst qith Drefdner Kleinwott Wasserstein in
Pondoi.
Findmng thr ryght balance between wind devemopment ajd cnvironmental carc
woold go a loug way toward assuaging public oppositioi -- notably in
wind-rich vut windmill-poor Brntsin and Irekand -- and towasd avoiding
Californua-like blackouts ln Spain in the years fo coma. The danger is real,
says Rafael Miranda, chairman of Spanish utility End

energy sources by 2010. Yet less than the electricity output comes from windmills, and brewing backlash. If -- with its spaces and relatively low population density can't sell the public on windmills, the EU will likely find it difficult convince Europeans to accept more ambitious forms of alternative energy, such as biomass which agricultural, and waste into energy. The failure could also call into question the EU's commitment to the 1997 global-warming treaty, which U.S. President George W. Bush been roundly criticized in for rejecting. Few expected this in back in when EU set a more 2010 target. At the time, wind power looked like the fresh breeze of the future. Soon, the most green-minded by Germany Denmark, busily wind parks to of environmental groups, which saw wind clean alternative to nuclear power and coal-burning power But early led to shortsighted projects, leaving the landscape littered with inefficient wind parks. Germany, for quickly became the world's largest producer of wind power, with 6,113 megawatts of capacity installed end of last year. the breakneck growth gobbled most the sites for prompting government officials to promise more careful planning procedures. Opposition is building in Denmark, forcing the government to rethink a wind-power All this spells trouble wind power, which relies on funding. "Lower-quality projects are the says renewable analyst Dresdner Kleinwort Wasserstein in Finding the right balance between development and environmental care toward assuaging public opposition -- notably in wind-rich windmill-poor Britain and Ireland -- and toward California-like blackouts in Spain in the years to come. The danger is says Rafael of Spanish utility End

 energy sources by 2010. Yet less thaN 5% of the
EU's eLectrIciTy oUtPut nOw coMes from windmilLS, thaNks largely to poor
executIon anD a BRewiNG bAcklaSh.
If SpaIN -- wITH itS oPeN spAcES aNd relAtiVely low Population DenSiTy --
can't sell thE PuBlic on windMilLs, the EU will lIkeLy find It DifFIcult To
cOnvinCe EuroPEans to Accept morE aMBitiouS Forms of ALTeRnatIve energy, such
as biOMaSS plants, which tuRn agriCuLTuRAL, anImaL and human wAsTe intO
Energy. THE fAILUre COuld also call iNto question THe Eu's commItMenT To the
1997 KYoto gLoBAl-wArming treatY, whiCh U.S. PresiDent GeORge W. BusH Has
been RoundlY crItiCizeD In euRopE fOR reJEcTinG.
few Expected ThIs Turn iN eveNTS BAck iN 1996, whEn thE EU fiRst set a more
moDesT 2010 tarGEt. AT the tIme, wiNd poWeR lookEd like The frEsH breeze of
the futUre. SOon, the uniOn's MoSt gReEn-minDEd statEs, lEd bY GermanY and
DenMArk, WeRE BUsIly building wind parKs TO ThE applausE of envIRoNmENtal
grouPs, WhiCh saW WInd poWer aS A cLean alteRnativE To NuClear poWeR and
coAl-BurNinG poweR PlanTs.
But eArly enthUsiasM Led to shortsighTEd projects, leaVInG THe eUropEan
Landscape liTterED witH ineFFiCieNT wind Parks. geRMaNY, for example, quickly
bEcAme the World'S largest produCer of wind pOWER, with 6,113 megAwatTS oF
Capacity instalLed at The end of laST year. But The brEakneck gRowth has
gOBBled up moSt oF thE avAilABLe Sites for windmILLs, prOmPting goVerNment
ofFicIalS to ProMiSe more carEful planNiNg PrOcEduRes. OpPOsition iS aLso
BuIldIng in dEnmark, ForciNg thE gOvERnmEnt to reTHiNK A winD-pOwEr suBsiDy
ProgrAm.
AlL Of tHis spelLs trouble For WInd pOwEr, Which reLies heavily on GoVernment
fuNdIng. "lower-qUALity projEcts are mucking up the panoRAma," says jamEs
SteTtleR, a renewabLe eNergy aNalYSt with dresdnEr KleInWorT wAsserSTEiN in
loNdon.
FindinG THe rIght bAlAnce Between Wind development and ENviRonmental care
WouLd go A LOnG waY ToWArd AsSUagING public oppositiOn -- notably iN
wINd-Rich but winDMilL-pOor BritAin and IRelanD -- And towaRd avoidinG
CalifornIa-Like BLAckOuts in SpaiN in the yeArs to come. tHe danGEr Is reaL,
saYs RafaEl mirAnda, cHairmaN Of SPanisH utiliTy end

 energy sources by 2010. Y et less th an 5%  of  th e
EU' s el ectricity outp u t no w comes from windmills , tha nk s  lar g el y topoor
e x ec u t ion  a nd  abr e wi ng ba ckl ash.
I f Spain --  wi th  its open sp a ce s and rela tiv ely low popu lat ion de ns ity --
c an' t sel l thep ublicon windmi ll s , theE U willl i ke ly f ind it difficultt oconvince Europ eans t oa cc e p t m ore  ambitious  f ormso f alter n at i v e  en e rgy, such
as  biomass pl a nts , whic htur n  agric ultur al ,  an imal and hu manwaste int o
ene r gy. The failure  could  al socall in to  qu es t ion th e E U 'scommitme nt  t o the
19 9 7 K yoto  gl obal -warm ing treaty, w hic h U. S . P resid ent G eorg eW. Bu sh has
bee nroundly critici zedin Europe  fo rrej ec ting.
Few e xpe cte d thisturn in eve nt s b ac k in 1996, when th eE U  f irst set  a mor e  mo d est 2010  t arg et.A t  thetime ,  w ind powe r look e dli ke thefr esh br ee zeof
thef utur e. Soo n, the u nion' s  most green-mi n ded states, l e db y  G e rman y a nd
Denmark , we r e bu sily bu ild i ng wi nd pa rk s  t o  the applause of en vi ronmen tal groups, which  saw windp o w er as aclea n  a l ternative to n uclea r power an d
coal-b urnin g powerplants. B u t earlyent hus ias m l e d  t o shortsighte d proj ec ts, lea vin g the E uro pea n lan ds cape litt ered wit hin ef fi cie nt wi n d parks.  G erm an y,for e x ample,  quic kly
b ec a methe wor l d' s larg es tprod uce rof wi nd p o wer , with6,113 meg awa t ts o f
c apacity  installed at  t he end ofla styear.B u t the br eakneck growth has
gob b led upmos t oftheavailable  si tes fo r w i ndmill s, pro mptin ggov e r nment of fic ia ls to prom i s e m ore c ar eful  planni ng procedures. Opp o sit ion is also bui ldin g in  De n ma r k,fo r cin g the governmentto rethink  a wi nd-power s u bsi dy
progr am.
Al l oft his spe lls troub le for wi nd  pow e r , w hich relie s heavil y on gove r nment
f undin g."Lower -q ual ity p roject s  ar e muc king u pthe pa noram a, " says J ames
Stettler, a renew able e nergy  an alyst wit h D r esd ner Klein wort  Wasserste inin
Lond on.
Find ingt he  ri g ht ba lanc e  betweenw in d d e v el opment ande n v iro nment alc are
w ould  go a long way to w ard assuagingpubl i c  op pos i tion  - - notably in win d- r i ch but w in dmill-poorBritainan d  Irel and --  and t oward a v o id i ng
Ca lifo rni a-like bl ack ou t s in Sp ai ni n theyear sto com e. The dang e r  is real,
saysRafae l Miran d a,chair ma n of Sp a nish  utility E nd

 energy_sources by_2010. Yet less than_5% of_the_
EU's electricity_output_now comes from_windmills, thanks largely_to poor
execution and_a brewing backlash._
If_Spain -- with its open spaces and relatively low population density --
can't sell_the_public on_windmills,_the_EU will likely find it_difficult to
convince Europeans to_accept more_ambitious forms of alternative energy, such
as biomass_plants,_which turn agricultural,_animal and human waste into
energy. The failure could_also call into question the EU's_commitment to the_
1997_Kyoto_global-warming treaty, which U.S._President George W. Bush has
been_roundly criticized in Europe for rejecting._
Few expected this turn in events back_in 1996, when the EU first_set a more
modest 2010_target. At_the time, wind power looked_like the fresh_breeze of_
the future. Soon,_the union's most green-minded states, led_by Germany and_
Denmark, were busily building wind parks_to_the applause of_environmental_
groups,_which saw_wind power as_a_clean alternative_to_nuclear power and
coal-burning power plants._
But_early enthusiasm led to shortsighted projects, leaving_the European
landscape littered_with_inefficient wind parks. Germany,_for example, quickly
became the_world's largest producer of wind power,_with 6,113_megawatts of_
capacity installed at the end of last year. But the breakneck_growth has
gobbled up most of_the available sites for_windmills, prompting_government_
officials to promise_more_careful planning_procedures. Opposition is also
building in Denmark,_forcing the_government to rethink a wind-power subsidy_
program.
All of this_spells_trouble for wind power, which relies_heavily on government
funding. "Lower-quality projects_are mucking up the panorama,"_says_James_
Stettler, a renewable energy analyst_with Dresdner Kleinwort Wasserstein in
London._
Finding the right_balance between wind development and environmental care_
would_go a long way toward assuaging_public_opposition -- notably in
wind-rich but_windmill-poor_Britain_and Ireland -- and toward_avoiding
California-like blackouts in Spain in_the years to come. The danger is real,
says_Rafael Miranda, chairman_of Spanish utility End


Eastern Europe and Latin America -- Mr. Morras outlines what he sees as the
keys to making wind power palatable: careful planning, environmental
sensitivity and the latest in technology. Then he grabs a pair of binoculars
and peers out the window behind his desk. On the crest of a hill in the
distance is EHN's newest prototype, a 1.3-megawatt turbine. It's 10 times
bigger than the turbines first installed in southern Spain, yet its
27-meter-long blades spin in much gentler breezes.
"With more machines like that," Mr. Morras says, "we'll have parks that are
less cluttered -- and more reliable and economical."
The company's success owes a lot to the region's government. Navarra helped
create EHN and still owns 48% of it. Navarra also approved generous tax
credits for companies that invest in renewable-energy projects and
established coherent and far-reaching planning procedures for wind power
across the region. The strategy transformed the region from an also-ran in
wind power to a model of development in five years
Sitting in an office overlooking Navarra's first wind park, the regional
official who guides the program reflects on the strategy. "It's not just
about megawatts," says Nuria Iturriagagoitia, Navarra's director of industry,
trade, labor and tourism. "You have to consider how it affects employment,
education, agriculture, even tourism. The key was having a clear idea from
the beginning on how to promote and implement alternative energies. EHN is
the vehicle of our energy policy."
She ticks off details of the 1995 energy plan. "The government studied 72
sites across Navarra," she says, sketching a map of the shield-shaped region
on a piece of paper. "It ruled out 43 of them: They were virgin territory, or
too close to natural parks, even though they were some of the best, windiest
sites," she explains, crossing out huge swaths of the hilly province.
In the end, 16 sites made the cut. But Navarra's strategy for quelling
opposition didn't end there. After EHN began its detailed planning, Mr

Eastern Europe and Latin America -- Mr. Morras outlines what he sees as the
 keys to making fart exponent palatable: careful planning, environmental
 sensitivity and the latest in technology. Then he grabs a couple of binoculars
 and peers out the window behind his desk. On the crest of a mound in the
 distance is EHN's newest prototype, a 1.3 - megawatt turbine. It's 10 times
 adult than the turbines first install in southern Spain, yet its
 27 - meter - long blade spin in much gentler breezes.
 " With more machines like that, " Mr. Morras says, " we'll suffer parks that are
 less cluttered -- and more reliable and economical. "
 The ship's company's success owes a lot to the area's government. Navarra helped
 produce EHN and still owns 48% of it. Navarra also approve generous tax
 credits for companies that invest in renewable - energy projects and
 established coherent and far - reaching planning procedures for wind power
 across the region. The strategy transformed the region from an also - ran in
 wind ability to a model of development in five class
 Sitting in an office overlooking Navarra's first fart park, the regional
 official who guides the program reflects on the scheme. " It's not just
 about megawatts, " says Nuria Iturriagagoitia, Navarra's director of industry,
 trade, labor and tourism. " You have to consider how it affects employment,
 education, department of agriculture, even tourism. The key was induce a clear idea from
 the beginning on how to promote and implement alternative department of energy. EHN is
 the vehicle of our energy policy. "
 She ticks off detail of the 1995 energy plan. " The government studied 72
 site across Navarra, " she says, sketching a function of the shield - shaped region
 on a piece of composition. " It ruled out 43 of them: They were pure territory, or
 too close to lifelike parks, even though they were some of the best, windiest
 sites, " she explains, crossing out huge swaths of the hilly province.
 In the end, 16 sites made the stinger. But Navarra's strategy for quelling
 resistance didn't end there. After EHN began its detailed planning, Mr

Eashern Europe and Latin Amtrica -- Mr. Morras outlinev what he sees as the
keys to making wind 'owee palqtable: careful plannine, environlental
swnsiuivity and the lavsst in bzchnomlgy. Chxn he grabs a psir of binmculars
and pearr lut the window behind his desk. On tre cresy lf a hill in tre
dpseancs is EHN's newest prototype, a 1.3-megawztt turuine. It's 10 times
bigger than the turbines virsh installed in souhhern Spain, yet uts
27-meter-lone blades skiu in much ggntler breezes.
"With more machiner likz that," Mr. Mireas vays, "we'll heve pagks that are
less cludtered -- and more relisblx ane economical."
The compeny's success owes a jot to tha xegion's government. Nacaera hglped
crexre DHN aid atill lwna 48% of it. Nzvarra also approved generous uax
btedits for ckmpaniqs that invest in renewable-energy projectv ahd
established coherent and far-reaching planjing procqdures for wind power
across the region. The stratagy tcavsfiride hhe region from an also-ran in
wind power to a jocek of developmekt in five years
Sothimd in an officg overlookjng Navarra's first wind pwrk, tye regionwl
ogficial who guides the progeam reflects in the strategy. "It'd not just
cbout kegawstts," says Nuria Iturriayagoitja, Navarra's director uf industry,
tradd, lsbmr and tourism. "You have to consider how it affdcts emplorment,
educwtion, agriculture, even tlurisl. Dhe key wad having a clear idea from
the uxginning on hpw to promote and lmplement altergative energiex. EHN if
the vehicle or our eiergy policy."
She ticks ofx details of vhe 1995 enerdy poan. "Rhe govdfnment studied 72
sites abrjss Bavarra," she says, sletzging a map of tkt syield-shaped regoon
on a pmece jx paper. "It rgled oug 43 of ghem: Thtv wcre virbin territory, or
too cloae to natural parkx, cven thouth they rere some of yhe best, windiest
dites," shx explsinf, crossing out huge swaths of fhe hilly prjvince.
In thq ene, 16 sites madz the cut. But Navarra's strategy for queloing
opposition dien't end there. After THN began its detayled planting, Mr

Eastern Europe and Latin America -- Mr. what sees as keys to making environmental and the latest technology. Then he a pair of binoculars and peers the window behind his desk. On the crest of a hill in the is EHN's newest prototype, a 1.3-megawatt turbine. It's 10 times bigger than the first in Spain, its 27-meter-long blades spin in much gentler breezes. "With more machines like that," Mr. Morras says, have parks that are less cluttered -- and reliable and economical." The success owes a lot to region's Navarra helped EHN still 48% of it. also approved generous tax credits for companies that invest in renewable-energy projects and established coherent and far-reaching procedures for across the The transformed region from an wind power to a model of years Sitting in an office overlooking Navarra's first park, the official who guides the program reflects the strategy. "It's not just about megawatts," says Iturriagagoitia, Navarra's director of industry, trade, labor and tourism. "You have to consider how it education, agriculture, even tourism. key was having clear from beginning how to and implement alternative energies. EHN is the vehicle of our energy She ticks off details of the 1995 energy plan. "The 72 across Navarra," she sketching a map of shield-shaped on a piece of ruled 43 were territory, too close to natural even though they were some the best, windiest sites," swaths of the hilly province. In the end, sites made the cut. But Navarra's strategy quelling opposition didn't end there. After EHN began its detailed planning, Mr

Eastern Europe and Latin AmerIca -- Mr. MorraS outlIneS whAt He seEs as The
keys to makinG Wind Power palatable: careful pLanniNg, ENvirONmEntal
SensitiVItY ANd tHe LaTesT iN TeChnolOgy. then he gRabs a pair oF biNoCulars
and peeRS oUt the windoW beHind his desk. ON thE crest Of A hiLL in thE
diStancE is EHN'S Newest Prototype, A 1.3-mEGawatt TUrbine. IT'S 10 TiMes
bIgger than the turbiNEs FIrst installed iN southErN spAIN, yeT itS
27-meter-long BlAdes sPIn in mucH GeNTLEr bREezes.
"With more Machines likE ThaT," Mr. MorRaS saYS, "we'll hAve paRkS ThaT are
less cluTterEd -- and more ReliabLE and ecoNOmical."
THe compAny'S suCcesS OwEs A loT tO The REgIon'S GovErnment. NAvArRa helPed
cREATE EHN And StilL owns 48% Of it. Navarra alSo aPproVEd gEneroUs tax
CredItS for cOmpaniEs thaT iNvest in renewablE-eneRgy projecTs aNd
EstAbLisheD CohereNt aNd fAr-reachIng planNIng PrOCEDuRes for wind power
acrOsS THe Region. ThE stratEGy TrANsformed ThE reGion FROm an aLso-rAN iN
wind powEr to a mODeL oF develoPmEnt in fIvE yeArs
sittiNG in aN officE overlooKing NAVarra's first winD Park, the regionAL
oFFIcIAl whO guIdes the progRam rEFlecTs on THe StrATegy. "IT's not JuST
aBOut megawatts," says NurIa iturriAgagoItia, Navarra's dIrector of iNDUStry,
tradE, labOR aND tourism. "You havE to coNsider how iT Affects eMployMent,
educAtion, agriCULture, eveN toUriSm. THe kEY WaS having a clear IDEa frOm
The begiNniNg on how To pRomOte And ImPlement alTernativE eNeRgIeS. EHn is
thE Vehicle oF oUr eNeRgy PolicY."
she ticKs off DetaIlS oF The 1995 Energy pLAn. "tHE govErNmEnt sTudIeD 72
siteS acrOSs NAvarra," sHe says, skeTchINg a mAp Of The shieLd-shaped regioN
oN a piece of pApEr. "IT ruled OUT 43 of them: THey were virgin territory, oR
Too closE to NaturAl paRks, even thOugH they wEre SOme of tHe best, WindiEsT
siTES," she eXPLaIns, CrOssing out hUGE swAths oF tHe hiLly provInce.
In the end, 16 sites mADe tHe cut. But NavarRa's StraTEGy For QUeLLinG
oPPosITIon didn't end therE. After EHN bEgAN iTs detailed PLanNiNg, Mr

Eastern Europe and LatinAmerica --  Mr.Mor ras  o utli neswhat he sees a s  the
keys to making windpower  p a lata b le : car eful pl a nn i n g,en vi ron me n ta l
se nsi tivityand the la tes tin technolog y .Then he gr abs  a pair of b ino culars  and peers  ou t the  windo w  behin d his des k. On the crest o f ahill  in the
distance is EHN's newest p rototy pe ,  a 1 .3- meg awatt turb in e. It ' s 10 ti m es b igg e r than the tu rbines firs t  in stalle dins outher n Spa in ,  ye t its
27-m eter -long bla des sp i n in mu c h gentl er bre eze s.
"Wi t hmo rema c hin e slik e  th at," Mr.  M or ras s ays, " w e 'llhav e pa rks t hat are
less  cl utte r ed-- an d mor e re li ableand ec onomi ca l."
The compan y'ssuccess o wes  a  lo tto th e  regio n's  go vernmen t. Nava r rahe l p e d
create EHN and st il l ow ns 48% o f it.N av ar r a also a pp rov ed g e n erous  tax
c redits f or com p an ie s thatin vest i nren ewa ble-e n ergy  proje cts and
esta b lished coheren t  and far-reac h in g pl a nnin g p rocedures f or w i nd p ower
a cro s s the  regi on .  T h e strategy transfor me d theregio n from an als o-ran in w i n d powerto a mo d el of developm ent i n five yea r s
Sitti ng in  an offi ce overlo o k ing Nava rra 'sfir stw i nd  park, the re g i onal  officia l w ho guid esthe  pr ogr am  reflects  on thest ra te gy . " It'sn ot just
a bou tmeg awatt s ," say s Nur ia I tu rr i aga goitia, Na v a rra' sdi rect orof  indu stry ,
t rade, l abor andtou r ism.  " Yo u haveto consider h ow  it affect semp loymen t ,
educat ion, agriculture, event ourism.  Th e key  was  having a  cl ear id eaf rom
t he beg innin gonh o w top r om ote  a nd impleme n t  al terna ti ve e nergies . EHN is
the vehi c leof our energy  po licy . "  She ti c ksof f  de t a ils of the 1995  energy pl an .  " The govern m ent  s tudied72
sit es ac r oss Nav arra," sh e says, s ke tchi n g  amap of the  shield- shaped re g ion o na pie ceof pap er . " It ru led ou t  43  of t hem: T he y were  virg in  territo ry, or
too close to na turalparks , e ven thoug h t h eywere some  ofthe best,win die st
s ite s ," sh e ex p la ins ,  cros sing out huges wa ths o fthe hilly p r o v inc e.
I n t h e end,  16sites made the cu t . But Navarra' s st r a teg y f o r qu el ling
oppositi ondi d n 't end t he re. After E HN began  i t s det ailedplanni ng, Mr

Eastern Europe_and Latin_America -- Mr. Morras_outlines what_he_sees as_the_
keys to making_wind power palatable:_careful planning, environmental
sensitivity_and the latest_in_technology. Then he grabs a pair of binoculars
and peers out the window behind_his_desk. On_the_crest_of a hill in the_
distance is EHN's newest prototype,_a 1.3-megawatt_turbine. It's 10 times
bigger than the turbines_first_installed in southern_Spain, yet its
27-meter-long blades spin in much gentler_breezes.
"With more machines like that,"_Mr. Morras says,_"we'll_have_parks that are
less_cluttered -- and more reliable and_economical."
The company's success owes a_lot to the region's government. Navarra helped_
create EHN and still owns 48%_of it. Navarra also approved_generous tax_
credits for companies that invest_in renewable-energy projects_and
established_coherent and far-reaching_planning procedures for wind power
across_the region. The_strategy transformed the region from an_also-ran_in
wind power_to_a_model of_development in five_years_
Sitting in_an_office overlooking Navarra's first wind park,_the_regional
official who guides the program reflects_on the strategy. "It's_not_just
about megawatts," says_Nuria Iturriagagoitia, Navarra's director of_industry,
trade, labor and tourism. "You_have to_consider how_it affects employment,
education, agriculture, even tourism. The key was having_a clear idea from
the beginning_on how to promote_and implement_alternative_energies. EHN is_
the_vehicle of_our energy policy."
She ticks off details_of the_1995 energy plan. "The government studied_72
sites across Navarra,"_she_says, sketching a map of the_shield-shaped region
on a piece of_paper. "It ruled out 43_of_them:_They were virgin territory, or_
too close to natural parks, even_though they were_some of the best, windiest
sites," she_explains,_crossing out huge swaths of the_hilly_province.
In the end, 16 sites_made_the_cut. But Navarra's strategy for_quelling
opposition didn't end there. After_EHN began its detailed planning, Mr


 privileged material for the sole use of
> the
> intended recipient (s). Any review, use, distribution or disclosure by
> others is strictly prohibited. If you are not the intended recipient
> (or
> authorized to receive for the recipient), please contact the sender or
> reply
> to Enron Corp. at enron.messaging.administration@enron.com and delete
> all
> copies of the message. This e-mail (and any attachments hereto) are
> not
> intended to be an offer (or an acceptance) and do not create or
> evidence a
> binding and enforceable contract between Enron Corp. (or any of its
> affiliates) and the intended recipient or any other party, and may not
> be
> relied on by anyone as the basis of a contract by estoppel or
> otherwise. Tha
> nk you.
> **********************************************************************
> I called Tino today to let him know that our affiliates are sniffing around a
power plant opportunity and potential gas bypass pipeline in Albuquerque.
Kevin, you should be getting a call from a guy in Portland whose name I can't
seem to find right now.  He had gotten my name from Thome out there and
called to let me know that ENA is interested in pitching either PNM or some
outfit called "Delta" on development or expansion of a gas-fired power plant
in the south part of Albuquerque.  It didn't sound to me like ENA was very
far along in their deal.  I explained to this guy what we were involved in
and swore him to confidentiality.  I also told him he need to call either
Kevin or Steve before he talked to PNM.  I thought it was a little curious
that ENA is interested in generation in Alb. all of a sudden.

On the Tino front, he apologized for not calling after their big DOE
meeting.  He said it went very well and that DOE is considering their
offer--$.085/Kwh power less revenue sharing for all surplus power sold.  Tino
and Dennis offered DOE 70% of the $$ from the surplus power sales until a
certain target is hit (probably a target equivalent to DOE's current PNM rate
less 10%) and then 30% of

privileged material for the sole use of
 > the
 > mean recipient role (s). Any review, use, distribution or disclosure by
 > others is rigorously prohibited. If you are not the mean recipient
 > (or
 > authorized to get for the recipient), please contact the transmitter or
 > answer
 > to Enron Corp. at enron.messaging.administration@enron.com and delete
 > all
 > copies of the message. This e - chain mail (and any attachments hereto) are
 > not
 > intended to be an crack (or an acceptance) and do not create or
 > evidence a
 > binding and enforceable contract between Enron Corp. (or any of its
 > affiliates) and the intended recipient or any other party, and may not
 > be
 > trust on by anyone as the basis of a contract by estoppel or
 > otherwise. Tha
 > nk you.
 > * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
 > I called Tino today to get him know that our affiliates are sniff around a
 power plant opportunity and likely gas shunt pipeline in Albuquerque.
 Kevin, you should be getting a call from a guy in Portland whose name I can't
 look to find right now.   He had gotten my name from Thome out there and
 called to let me know that ENA is interested in pitching either PNM or some
 outfit called " Delta " on development or expansion of a gas - fired power plant
 in the south part of Albuquerque.   It didn't voice to me like ENA was very
 far along in their deal.   I explained to this guy what we were involve in
 and swore him to confidentiality.   I also told him he need to shout either
 Kevin or Steve before he talk to PNM.   I thought it was a little curious
 that ENA is concerned in generation in Alb. all of a sudden.

 On the Tino front, he apologized for not calling after their big DOE
 confluence.   He said it went very well and that DOE is considering their
 offer--$.085 / Kwh power less gross sharing for all excess ability sold.   Tino
 and Dennis offered DOE 70% of the $ $ from the surplus power sales until a
 certain target is stumble (probably a target equivalent to DOE's current PNM rate
 less 10 %) and then 30% of

 prlvileged material for tht sole use of
> the
> intendxd recilient (s). Xny review, use, distribution lr discoosure by
> others is stfictly prlhibited. If bou are not the mhtended recipjcnt
> (ox
> euthorized to rgceive for tve recipient), pnexsz contact the sender or
> reply
> to Enrjn Corp. ah enron.messagigg.adkynisfgauion@enron.com and delete
> all
> copiea of tht message. This e-maol (and any attachments herfto) wre
> not
> intended tl be an offgd (ow an acceptanze) and do not create ot
> evidence a
> binding and enforcexble eontract bejcwen Gnron Corp. (oc any jf its
> affillstes) atd the ontended reciplent mr qny other party, and mey not
> be
> relied on fy anyone aa the basis of a xobtracj by astoopel or
> ovhedwise. Hha
> nk you.
> **********************************************************************
> I called Tini today to let him lnjq that our afriliatqs are sniffing around a
power plant oppogtunjty and potential gas btpass pipeline in Alboquerque.
Kevin, you should be getting a call from a guy in Portmxnd wmose bale I can't
seem to find right now.  He had gottqh ky name from Thoie out therr wnc
called to lej me know fhat ENA is interedted in pitcying eithtr PNK or some
outfit called "Delra" on develoimenr or expansion of c gas-fired puwer plany
in the south part of Clbuqusrque.  It dldn't souns to me like ENA das vary
far along in their deaj.  I expleined to thir gui what re were ingolved in
and swore him ho coufidettiality.  L also told him he need to call either
Kevin pr Stvve beforz he tslked to PNM.  I thought it cas a lictle cjrious
than ENA is mnterested ig generation hj Alb. all of a suddeg.

Ob thw Tino wfont, he apologozed for ujt cqlling after their bie DOE
meeting.  Hz waid it went vety delj wnv thae DOE is conshderkng yheir
offer--$.085/Kwh pider kess revenue sharing for all surplus power sjld.  Tini
and Degnis offered COE 70% of the $$ from uhe sucplus 'ower xalgs until a
certain target is hif (probablj a target equidalekt tj DOE's curxent PNM rate
less 10%) and then 30% of

privileged material for the sole use of > recipient (s). review, use, distribution is prohibited. If you not the intended > (or > authorized to receive the recipient), please contact the sender or > reply > to Enron Corp. enron.messaging.administration@enron.com and delete > all > copies of the message. This e-mail (and attachments are not intended to be an offer (or an acceptance) and do not create or > evidence a binding and enforceable contract between Enron Corp. (or of its > affiliates) the intended recipient or any party, may not be relied by anyone as basis of a contract by estoppel or > otherwise. Tha > nk you. > ********************************************************************** > I Tino today him know our are around a power and potential gas bypass pipeline in should be getting a call from a guy Portland whose I can't seem to find right He had gotten my name from Thome out and called to let me know that ENA is interested in pitching either PNM or called "Delta" on development expansion of a power in south of Albuquerque. didn't sound to me like ENA was very far along in deal. I explained to this guy what we were involved swore to confidentiality. I told him he need call Kevin or Steve before to I a curious ENA is interested in in Alb. all of a On the Tino front, after their big DOE meeting. He said it very well and that DOE is considering offer--$.085/Kwh power less revenue sharing for all surplus power sold. Tino and offered DOE the $$ from the surplus power sales until certain target is hit a target equivalent to DOE's current PNM rate less and 30% of

 privileged material for the sOle use of
> thE
> inteNdeD reCiPienT (s). AnY review, use, distRIbutIon or disclosure by
> otherS is stRiCTly pROhIbiteD. If you aRE nOT The InTeNdeD rECiPient
> (Or
> aUthorizEd to receivE foR tHe recipient), pLEaSe contact tHe sEnder or
> reply
> To ENron CoRp. At eNRon.meSsaGing.aDminisTRation@Enron.com aNd DElete
> aLL
> copies OF ThE mesSage. This e-mail (and aNY aTTachments heretO) are
> noT
> iNTeNDEd tO be An offer (or aN aCceptANce) and dO NoT CREatE Or
> evidence a
> biNding and enfORceAble coNtRacT BetweeN EnroN CORp. (oR any of its
> afFiliAtes) and thE intenDEd recipIEnt or anY other ParTy, aNd maY NoT
> bE
> reLiED on BY aNyoNE as The basis Of A cOntraCt by ESTOPpel Or
> oTherWise. THa
> nk you.
> **********************************************************************
> I calleD TiNo toDAy tO let hIm knoW thaT oUr affIliateS are sNiFfing around a
powEr plAnt opportUniTy And PoTentiAL gas byPasS piPeline iN AlbuquERquE.
KEVIN, yOu should be getting a CaLL FrOm a guy in portlaND wHoSE name I caN't
SeeM to fIND righT now.  hE hAd gotten My name FRoM THome out ThEre and
CaLleD to Let me KNow tHat ENA Is intereSted iN Pitching either pnM or some
outfiT CaLLEd "dElta" On dEvelopment oR expANsioN of a GAs-FirED poweR planT
iN ThE South part of AlbuquerQuE.  It didN't souNd to me like ENA Was very
far ALONg in theiR deaL.  i eXPlained to this gUy whaT we were invOLved in
anD sworE him to coNfidentiaLITy.  I also tOld Him He nEed TO CaLl either
Kevin OR stevE bEfore he TalKed to PNm.  I tHouGht It wAs A little cuRious
thaT EnA Is InTerEsted IN generatIoN in alB. alL of a sUDden.

On The TiNo frOnT, hE ApoLogized FOr NOT calLiNg AfteR thEiR big DoE
meETinG.  He said It went verY weLL and ThAt dOE is coNsidering theiR
oFfer--$.085/Kwh powEr LesS revenUE Sharing fOr all surplus power sold.  TiNO
and DenNis OfferEd DOe 70% of the $$ froM thE surplUs pOWer salEs untiL a
cerTaIn tARGet is HIT (pRobAbLy a target eQUIvaLent tO DoE's cUrrent PnM rate
less 10%) and then 30% oF

 privileged material for t he sole us e of> t he>inte nded  recipient (s) .  Any  review, use, distribu tionor disc l os ure b y
> oth e rs i s s tr ic tly  p r oh ibite d.If youare not th e i nt ended recipi e nt
> (or
> a uth orized to re cei ve for  t her ecipi ent ), pl ease c o ntactthe sende ro r
> re p ly
> to E nr on C orp. at enron.mes s ag i ng.administrat ion@en ro n .c o m  an d d elete
> al l> cop i es of t h em e s sag e . This e-mail  (and any a t tac hments  h ere t o) are
> no t>  in tended to b e an  offer (o r an a c ceptanc e ) and d o notcre ate  or>  e vi den ce a
> bi ndi n g a nd enfor ce ab le co ntra c t b etwe enEnro n Cor p. (or any of  it s
>a ffi liate s) an d th einten ded re cipie nt  or any other p arty , and may  no t> b e> rel i ed onbyany one asthe bas i s o fa c on tract by estoppelor >  o therwise . Tha>  n ky ou.
> ** ** *** **** * * ***** **** * ** ******** ****** * ** ** ******* ** ****** ** *** *** ***
> I ca lled T ino toda y tol et him know th a t our affilia t es a re snif fin g around a
pow e r pl anto pp ort u nityand p ot e nt i al gas bypass pipel in e in A lbuqu erque.
Kev in, you sh o u l d be get ting ac all from a guy  in P ortland wh o se nameI can 't
seem  to findr i ght now.   H e h adgot t e nmy name fromT h omeou t there  an d
call edtolet  me  k now thatENA is i nt er es te d i n pit c hing eit he r P NM  or  some
outfi t cal led"D el t a"on deve l op m e nt o rex pans ion  o f a g as-f i red  powerplant
in  th e  sou th  p art ofAlbuquerque. I t didn't s ou ndto mel i ke ENA w as very
far along in t h eir dea l. I ex plai ned to th isguy wh atw e were  invol ved i n
an d swore h im  to  c onfidentia l i ty.   I a ls o to ld himhe need to call ei t her
Kevin or St eve  bef o r ehet al k edto PNM .  I thought it w as a littl ec ur ious
that ENA  i s inter ested i n gen e rationin Alb. a ll of a s ud den.

O n the Tino  front,he apolog i zed f o rnot c all ing af te r t heirbig DO E
m eetin g.  He  s aid it  went  v ery well  and that DOE is consid eringtheir
o ffer--$.0 85/ K whpower les s re venue shar ing  fo r all  su r pluspowe r  s old .   Tin o
a n d Denniso ff ere d DO E 70% of th e $ $ f rom t hes urplus  pow er sales until acertain target  ish i t ( pro b ably  a  target equiva len tt o  DOE's c ur rent PNM ra te
less  1 0 %) an d then  30% o f

 privileged_material for_the sole use of
>_the
> intended_recipient_(s). Any_review,_use, distribution or_disclosure by
> others_is strictly prohibited. If_you are not_the_intended recipient
> (or
> authorized to receive for the recipient), please contact the sender or
>_reply
>_to Enron_Corp._at_enron.messaging.administration@enron.com and delete
> all
> copies_of the message. This e-mail_(and any_attachments hereto) are
> not
> intended to be an_offer_(or an acceptance)_and do not create or
> evidence a
> binding and_enforceable contract between Enron Corp. (or_any of its
>_affiliates)_and_the intended recipient or_any other party, and may not
>_be
> relied on by anyone as_the basis of a contract by estoppel_or
> otherwise. Tha
> nk you.
> **********************************************************************
>_I called Tino today to_let him_know that our affiliates are_sniffing around a_
power plant_opportunity and potential_gas bypass pipeline in Albuquerque. _
Kevin, you_should be getting a call from_a_guy in Portland_whose_name_I can't_
seem to find_right_now. _He_had gotten my name from Thome_out_there and
called to let me know_that ENA is interested_in_pitching either PNM or_some
outfit called "Delta" on_development or expansion of a gas-fired_power plant_
in the_south part of Albuquerque.  It didn't sound to me like_ENA was very
far along in_their deal.  I_explained to_this_guy what we_were_involved in_
and swore him to confidentiality.  I_also told_him he need to call either_
Kevin or Steve before_he_talked to PNM.  I thought_it was a little curious
that_ENA is interested in generation_in_Alb._all of a sudden. _

On the Tino front, he apologized_for not calling_after their big DOE
meeting.  He_said_it went very well and that_DOE_is considering their
offer--$.085/Kwh power less_revenue_sharing_for all surplus power sold._ Tino
and Dennis offered DOE_70% of the $$ from the surplus power sales_until a
certain_target is hit (probably a_target_equivalent_to DOE's current PNM rate
less 10%) and then 30%_of


 New Source Review (NSR) Regulations? Dealing with NOx, SO2, Mercury and Other Standards? Costs and Benefits of New Coal Technologies? Status and Future Development of Mercury Removal Technologies? The Role of Circulating Fluidized Bed Technology in the Future Solid Fuel Market? Developments and Advantages in Super-Critical Boiler Technology  [IMAGE]
The Art and Science of Siting and Permitting Coal-Fired Generation: An In-Depth Examination	8:00 a.m. to 12:00 p.m Wednesday, January 23, 2002
Developing Least-Cost Multipollutant Control Strategies for Coal-Fired Power Plants	1:30 p.m. to 5:30 p.m Wednesday, January 23, 2002
	[IMAGE]
	 Click Here To Download Complete Conference Brochure
	[IMAGE] Please add Eric Gonzales--LNG, and Dan Reck--Transportation within EGM....

Thanks.  Jeff

From:  Veronica Valdez
     12/22/2000 04:05 PM

To: John J Lavorato/Corp/Enron@Enron, Jeffrey A Shankman/HOU/ECT@ECT, John
Sherriff/LON/ECT@ECT
cc:
Subject: Authorized Trader Lists for your area

Please review your section and send any changes/updates to AC Romero at (713)
646-2194. The updated version needs to be signed by Skilling and Buy.

thanks,

Veronica Hey there Guzman!
You said you didn't have my e-mail, so here ya are bro.
So, did you go to game 3 the other day? I didn't get to watch it 'cause I
went abalone diving in Fort Bragg. I did however see they had a significant
lead toward the end of fourth (as I stopped in a mini-mart to get a Coke).
Maybe you could fill me in on the details...did you get a chance to talk with
Kobe after the game?

Friday they're gonna cut the dead wood out of my elbow. Hopefully it won't
take long to heal up, and then I'll be headed up that way, to Corvallis, to
look for

New Source Review (NSR) Regulations? Dealing with NOx, SO2, Mercury and Other Standards? Costs and benefit of New Coal Technologies? Status and Future Development of Mercury Removal Technologies? The Role of Circulating Fluidized Bed Technology in the Future Solid Fuel grocery store? Developments and Advantages in Super - Critical Boiler Technology   [ IMAGE ]
 The Art and Science of Siting and Permitting Coal - Fired Generation: An In - astuteness Examination 	 8:00 a.m. to 12:00 p.m Wednesday, January 23, 2002
 Developing Least - Cost Multipollutant Control Strategies for Coal - Fired Power plant 	 1:30 p.m. to 5:30 p.m Wednesday, January 23, 2002
	 [ IMAGE ]
	  Click Here To Download Complete Conference Brochure
	 [ IMAGE ] Please add Eric Gonzales -- LNG, and Dan Reck -- Transportation within EGM....

 Thanks.   Jeff

 From:   Veronica Valdez
      12/22/2000 04:05 autopsy

 To: John J Lavorato / Corp / Enron@Enron, Jeffrey A Shankman / HOU / ECT@ECT, John
 Sherriff / LON / ECT@ECT
 cc:
 Subject: Authorized Trader Lists for your area

 Please review your incision and send any changes / update to AC Romero at (713)
 646 - 2194. The updated version need to be signed by Skilling and Buy.

 thanks,

 Veronica Hey there Guzman!
 You said you didn't suffer my e - mail, so here ya are bro.
 indeed, did you go to game 3 the other day? I didn't scram to watch it'cause I
 went abalone diving in Fort Bragg. I did however see they had a meaning
 lead toward the end of fourth (as I stopped in a mini - mart to get a Coke).
 Maybe you could fill up me in on the details... did you get a chance to talk with
 Kobe after the game?

 Friday they're gon na cut the dead wood out of my elbow. Hopefully it won't
 take long to heal up, and then I'll be head up that way, to Corvallis, to
 look for

 Nea Source Review (NSR) Reguuations? Dealing with NMx, SO2, Jercury xnd Other Standards? Costs anv Bebefitw of New Coal Technoloeies? Statls and Furure Eevelopmenv of Mergbry Rslovan Technologies? Jhe Role of Wirculating Flgiaived Bed Technology in the Future Solyd Fuel Mwrket? Developmgnts sgd Asnaktages in Super-Critical Boiler Tschnolojy  [IMAGE]
The Ary and Science of Siting anf Pegmitting Coal-Fired Generation: An Yb-Depth Examivation	8:00 a.m. uo 12:00 p.m Wedneaday, January 23, 2002
Developing Least-Cust Mbltipollutabt Cojjrol Strategmes fog Coal-Fired Power Platts	1:30 p.m. yo 5:30 p.m Wednesdsy, Oanuqry 23, 2002
	[IMAGE]
	 Click Here To Download Complgte Conferanee Brochure
	[IMAGE] Pleqsw add Eriw Govzalds--LHG, ahd Dan Rerk--Transportztion withib EGM....

Thanks.  Jeff

Fwim:  Veronica Baldez
     12/22/2000 04:05 PM

To: Jorn J Lavorato/Corp/Enron@Enron, Jeffrey A Shankman/HOU/ACT@ECV, Gohu
Sherfufv/LON/ECT@ECT
cc:
Subject: Authorized Trader Lists rot jour area

Please rcview your section ajd fend any chanees/updcfea to AC Romero at (713)
646-2194. The ukdated version geedx to be signed by Skilling qnd Buy.

thankf,

Ceronica Hey there Guzman!
You raid you cidn't have my e-mail, so kere yz are bro.
So, did you fu to game 3 the ogheg daf? I didn'u get to watch it 'sause I
wxnt ayalone dkvinb in Fjrt Bragg. L did however see they hwd a dicnificant
pead toward the end of fourth (as I stopped in a miti-mart tj get a Coke).
Maybq you could fikl me iu on tfe details...sid you get a chanse to talk widj
Kobe after the gamq?

Frieay rhey're eunna cut the drad wood out of my wlbow. Hopefully it wov'f
take long to ktal up, and then I'lk bd hqafev up evat way, to Cmrvaulir, to
luok for

New Source Review (NSR) Regulations? Dealing with Mercury Other Standards? and Benefits of Future of Mercury Removal The Role of Fluidized Bed Technology in the Future Fuel Market? Developments and Advantages in Super-Critical Boiler Technology [IMAGE] The Art and of Siting and Permitting Coal-Fired Generation: An In-Depth Examination 8:00 a.m. to 12:00 Wednesday, 23, Developing Multipollutant Control Strategies for Coal-Fired Power Plants 1:30 p.m. to 5:30 p.m Wednesday, January 23, 2002 Click Here To Download Complete Conference Brochure [IMAGE] add Eric Gonzales--LNG, and Reck--Transportation within EGM.... Thanks. Jeff Veronica 12/22/2000 04:05 To: J Jeffrey A Shankman/HOU/ECT@ECT, Sherriff/LON/ECT@ECT cc: Subject: Authorized Trader Lists for your area Please review your section and send any changes/updates AC Romero 646-2194. The version to signed by Skilling thanks, Veronica Hey there Guzman! You have my e-mail, so here ya are bro. did you to game 3 the other day? didn't get to watch it 'cause I went diving in Fort Bragg. I did however see they had a significant lead toward the fourth (as I stopped a mini-mart to a Maybe could me in the details...did you get a chance to talk with Kobe after game? Friday they're gonna cut the dead wood out of Hopefully won't take long heal up, and then be up that way, to look

 New Source Review (NSR) RegulatIons? DealinG with nOx, sO2, MErCury And OTher Standards? COSts aNd Benefits of New Coal TecHnoloGiES? StaTUs And FuTure DevELoPMEnt Of meRcuRy rEmOval TEchNologieS? The Role of cirCuLating FluidiZEd bed TechnolOgy In the Future SOliD Fuel MArKet? dEveloPmeNts anD AdvanTAges in super-CritIcAL BoileR technolOGY  [ImAGE]
the Art and Science oF siTIng and PermittiNg Coal-fiREd gENerAtiOn: An In-DeptH EXaminATion	8:00 a.m. tO 12:00 P.m wEDNesDAy, January 23, 2002
DeveLoping Least-cOst multipOlLutANt ContRol StRaTEgiEs for Coal-FiRed POwer PlantS	1:30 p.m. to 5:30 p.M wednesdAY, JanuarY 23, 2002
	[IMAGE]
	 cliCk HEre TO doWnLoaD COMplETe conFEreNce BrochUrE
	[ImAGE] PLeasE ADD eric gonZaleS--LNG, aNd Dan Reck--TranSpoRtatIOn wIthin eGM....

ThAnks.  jeFf

FroM:  VeronIca VaLdEz
     12/22/2000 04:05 PM

To: John J LavoRato/corp/Enron@enrOn, jefFrEy A ShANkman/HoU/EcT@EcT, John
SHerriff/loN/EcT@ect
Cc:
subject: Authorized TRaDER LIsts for yOur areA

plEaSE review yOuR seCtioN ANd senD any CHaNges/updaTes to Ac roMeRo at (713)
646-2194. The UpDated vErSioN neEds to BE sigNed by SKilling aNd Buy.

THanks,

Veronica HEY there Guzman!
YOU sAID yOU didN't hAve my e-mail, sO herE Ya arE bro.
sO, dId yOU go to Game 3 tHe OThER day? I didn't get to watcH iT 'cause i
went Abalone diving In Fort BragG. i DId howeveR see THeY Had a significanT
lead Toward the eND of fourtH (as I sTopped in A mini-mart TO Get a Coke).
mayBe yOu cOulD FIlL me in on the detAILs...diD yOu get a cHanCe to talK wiTh
KObe AftEr The game?

FrIday they'Re GoNnA cUt tHe deaD Wood out oF mY elBoW. HoPefulLY it won'T
take Long To HeAL up, And then i'Ll BE HeadEd Up That Way, To corvaLlis, TO
loOk for

 New Source Review (NSR) R egulations ? Dea lin g w it h NO x, S O2, Mercury an d  Oth er Standards? Costs an d Ben ef i ts o f  N ew Co al Tech n ol o g ies ?St atu sa nd  Futu reDevelop ment of Me rcu ry  Removal Tec h no logies? Th e R ole of Circu lat ing Fl ui diz e d Bed  Te chnol ogy in the Fu ture Soli dF uel Ma r ket? De v e lo pmen ts and Advantages in Super-Critical  Boile rT ec h n olo gy [IMAGE]	Th e Art and Sci e nc e o f S i ting and Perm itting Coal - Fir ed Gen er ati o n: AnIn-De pt h  Ex amination	8 :00a.m. to 1 2:00 p . m Wedne s day, Ja nuary23,  20 02	D ev el opi ng Lea s t- Cos t  Mu ltipollu ta nt  Cont rolS t r a tegi esforCoal- Fired Power P lan ts	1 : 30p.m.to 5: 30 p .m  Wedn esday,  Janu ar y 23, 2002
	[I MAGE ]
	 Clic k H er e T oDownl o ad Com ple teConfere nce Bro c hur e[I MAGE] Please add E ri c Go nzales-- LNG, a n dDa n  Reck--T ra nsp orta t i on wi thin EG M....

T hanks.  J ef f

From:  Ver oni ca Va l dez                                               12 /22/2000 04 :05P M

To: John JLa vorato /Corp /Enron@Enron,  Jeffrey A S h ankman/H OU/E C T@ E CT, John
Sher riff/ LON/ECT@EC T
cc:
S ubjec t: Autho rized Tra d e r Listsfor  yo urare a
P lease reviewy o ur s ec tion an d s end any  ch ang es/ upd at es to ACRomero a t(7 13 )
64 6-219 4 . The up da ted  v ers ion n e eds to  be s igne dby Ski lling a n dB u y.
th an ks,
Ve ro nicaHeyt her e Guzma n!
You sa idy ou d id n' t havemy e-mail, so  h ere ya are  b ro.
So, d i d  you goto game 3 the other day ?  I didn 'tget t o wa tch it 'c aus e I
w ent abalon e divi ng in  F ort B ragg. I  d idho wever seet h eyhad a  s igni ficant
lead toward the e n d o f fourth (asI s topp e d  i n a mi n i-m ar t  to g et a Coke).
M aybe you c ou l dfill me in onth e detai ls...di d you get a c hance totalk with  Kobe a fte r the game ?

Frida y they're gonna cu t the  de ad woo dout  of m y elbo w . H opefu lly it  w on't takelo ng to he al up, and then I'll be  heade d uptha t way, to  Co r val lis, to look  for

 New_Source Review_(NSR) Regulations? Dealing with_NOx, SO2,_Mercury_and Other_Standards?_Costs and Benefits_of New Coal_Technologies? Status and Future_Development of Mercury_Removal_Technologies? The Role of Circulating Fluidized Bed Technology in the Future Solid Fuel Market?_Developments_and Advantages_in_Super-Critical_Boiler Technology  [IMAGE]
The Art_and Science of Siting and_Permitting Coal-Fired_Generation: An In-Depth Examination	8:00 a.m. to 12:00 p.m_Wednesday,_January 23, 2002
Developing_Least-Cost Multipollutant Control Strategies for Coal-Fired Power Plants	1:30 p.m._to 5:30 p.m Wednesday, January 23,_2002
	[IMAGE]
	 Click Here_To_Download_Complete Conference Brochure
	[IMAGE]_Please add Eric Gonzales--LNG, and Dan_Reck--Transportation within EGM....

Thanks.  Jeff

 _

From:  Veronica Valdez  _     _    _ _    _  _ _  _     _  _     __  ___ _  __
 __  12/22/2000 04:05 PM

	 __      _   __   _    _

To: John J_Lavorato/Corp/Enron@Enron, Jeffrey_A Shankman/HOU/ECT@ECT,_John
Sherriff/LON/ECT@ECT
cc:
Subject: Authorized Trader Lists for your area

Please review_your section and send any changes/updates_to AC Romero at_(713)
646-2194._The_updated version needs_to_be signed_by Skilling and Buy.

thanks,

Veronica Hey there Guzman!
You_said you_didn't have my e-mail, so here_ya are bro.
So, did_you_go to game 3 the other_day? I didn't get to watch_it 'cause I
went abalone_diving_in_Fort Bragg. I did however_see they had a significant
lead_toward the end_of fourth (as I stopped in a_mini-mart_to get a Coke).
Maybe_you_could fill me in on the_details...did_you_get a chance to talk_with
Kobe after the game?

Friday they're_gonna cut the dead wood out of my elbow._Hopefully it won't_
take long to heal up,_and_then_I'll be headed up that way, to Corvallis, to
look_for