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Guys, I have explained the strategy/tactics that have lead to this position in some detail. In my opinion the company is not at risk and potentially ENA could create significant value from a project that we have very little invested. I understand the construction risk on the bid as much as anyone and we have no intention of lifting their offer. As far as EECC involvement, as I had mentioned, Coleman was a part of all these discussions. I will argue that Mike and the ENA deal team made the right call necessary to maximize return in the short run for Enron without investing significant dollars or taking significant risks. Obviously, I was unsuccessful in explaining such a sophisticated strategy. Regards
Las Vegas CoGen