Subject: "Agency Status".

Body: This schedule just covers agencies with CES and CEM. For most pipelines, It does not cover contracts where CES is acting as agent for another counterparty. Call if you have questions.

Subject: "eSource Presents Free SDC Platinum Training".

Body: eSource presents SDC Platinum training SDC Platinum offers detailed transactional information on New Issues, Mergers & Acquisitions, Syndicated Loans, Private Equity, Strategic Alliances, Project Finance and others. The product is designed to allow users to compare transactions, evaluate advisors, and analyze market and industry trends. Training Agenda Includes: ? General Introduction. ? Basic query techniques for new issues and M&A databases. ? Basic query techniques for trend analysis. Attend our SDC Platinum Clinic: May 30 9:00 -11:30 AM EB552

Subject: "OPIC/KFW Next Steps".

Body: I spoke with Mary Mervene this morning and the llenders declined to convene this week although we will arrange an ECA call for Thursday or Friday. Mary has requested that we do the following: 1) Send the Lenders and S&W the new budget info and the revised change order summary. 2) Revise the model to reflect the new costs and the new timeline. 3) S&W will review the model and then we will repeat the exercise of calculating fuel oil and Furnas penalty exposures. 4) Finalize sponsor support elements. This can all occur fairly quickly except I am concerned because we have not resolved the budget with Shell, and theoretically the lenders can take 30 days to review the model and budget when submitted. We also need to discuss strategy because we may want to delete the contingency from the budget since the lenders are going to want the sponsors to commit to some general contingency supporty anyway.

Subject: "AReM draft PHC".

Body:
Jeff, As you requested, here is Dan's very rough draft from yesterday with some comments from me. I'm supposed to be getting a new draft soon. Sue