fw : cancel pedricktown visit as outlined below , we will not bid on pedricktown and have therefore cancelled the " formal " site visit .
- - - - - original message - - - - -
from : heintzelman , pete
sent : friday , november 02 , 2001 2 : 26 pm
to : heintzelman , pete ; newlin , ross ; dobler , mark ; whitaker , rick ; clifford , douglas ; stevens , don
cc : zisman , stuart ; miller , don ( asset mktg ) ; tricoli , carl ; davis , mark dana
subject : re : cancel pedricktown visit
guys - rick whitaker and i will probably still tour the plant so please do not put out any word that we may not bid . i will already be up there for the pjm conf . and rick wants to scope out for future expansion so it is worthwhile .
pete
- - - - - original message - - - - -
from : heintzelman , pete
sent : friday , november 02 , 2001 1 : 53 pm
to : newlin , ross ; dobler , mark ; whitaker , rick ; clifford , douglas ; stevens , don
subject : cancel pedricktown visit
gentlemen ,
based on our phase 2 valuation analysis and detailed discussion with dana davis , we do not feel we can get to the numbers which we are told are being offered by competitors . we are significantly short of the $ 45 to $ 55 mm that the sellers indicated was shown in the first round . thus , it would be imprudent to incur the costs of on - site due diligence required to complete the process .
we still like the plant at the right price and if those other bids do not materialize we may reconsider if contacted by arclight . thank you for your help during this process .
best regards ,
pete
peter j . heintzelman
manager , generation investments
office 713 - 345 - 7024
cell 713 - 553 - 4353
fw : cancel pedricktown visit
as outlined below , we will not bid on pedricktown and have therefore cancelled the " formal " site visit .
- - - - - original message - - - - -
from : heintzelman , pete
sent : friday , november 02 , 2001 2 : 26 pm
to : heintzelman , pete ; newlin , ross ; dobler , mark ; whitaker , rick ; clifford , douglas ; stevens , don
cc : zisman , stuart ; miller , don ( asset mktg ) ; tricoli , carl ; davis , mark dana
subject : re : cancel pedricktown visit
guys - rick whitaker and i will probably still tour the plant so please do not put out any word that we may not bid . i will already be up there for the pjm conf . and rick wants to scope out for future expansion so it is worthwhile .
pete
- - - - - original message - - - - -
from : heintzelman , pete
sent : friday , november 02 , 2001 1 : 53 pm
to : newlin , ross ; dobler , mark ; whitaker , rick ; clifford , douglas ; stevens , don
subject : cancel pedricktown visit
gentlemen ,
based on our phase 2 valuation analysis and detailed discussion with dana davis , we do not feel we can get to the numbers which we are told are being offered by competitors . we are significantly short of the $ 45 to $ 55 mm that the sellers indicated was shown in the first round . thus , it would be imprudent to incur the costs of on - site due diligence required to complete the process .
we still like the plant at the right price and if those other bids do not materialize we may reconsider if contacted by arclight . thank you for your help during this process .
best regards ,
pete
peter j . heintzelman
manager , generation investments
office 713 - 345 - 7024
cell 713 - 553 - 4353