Rob,this deal is not dead; I am primarly waiting on NEPCO numbers. You should be moving down the road on the deconstruction, refurbishment and movement of the NB machines. You should also be doing any development work (permits, interconnection agreements et al) you need to do to maintain the optionality of this project (let me know if the expenses get above $1MM). Randy, please facilitate. Mike, can we put the screws to ABB given the significant transformer business we forwarded their way? Laura, we probably need to make a call on the Peoples turbine pretty soon. Eric/Rob, I think we need to see the project with IDC come in between 350 to 400/kw to be viable or I need a very detailed analysis of why it costs significantly more than a Frame 7 machine in the US markets. I would like see us make this work. Regards
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answer: Moore Power Plant status
Let's verify that this is an IOU. The Master should be sent to the attention of Dave Brown and you should advise Cary of when it was sent to the customer. He may want a copy. ps Remind me to give you both copies of Tana's utility analysis. Also, Marie, let's talk about the utility language and circulate for comment.
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answer: Nicor Gas Company
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Sharon: Thanks for your fax and markup of the Schedule dated Sept. 6. There is a major issue which we need to discuss and that is the counterparty identity itself. It appears that you have identified a DIFFERENT party to the agreement, namely, a limited liability company named "SITA", which is not the entity which we originally proposed,. This does not appear to be the credit which we evaluated. Also, we insist upon a Credit Support Annex. As you know, the agreement contemplates multiple transactions and the posting of collateral is a major issue, particularly for long-dated pulp deals.
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answer:
ISDA Master Agreement between Enron North America Corp. and Sociiete Industrielle de Transports Automobile S.A.