update comfortable allegheny credit understanding getting sweetheart deal assets transferred regulated utility buying mode quite time fact good candidate buying want disrupt negotiations bringing equity sale regarding turbopark project could go turbopark using form epc linked fair market value qf accounting comfortable using risks favourable arthur anderson treatment fmv assets assumed economics bridge loan priced 15 allegheny toll development contracts cp deal needs perfectly nailed prior pulling trigger louise kitchen 04 12 2001 12 59 pm christopher f calger pdx ect ect cc subject update good time ski ing catch go happy allegheny credit take meet terms turbopark cost bridge loan assume allengheny toll cp going forward deal louise christopher f calger 04 12 2001 01 57 pm louise kitchen hou ect ect cc subject update turbine swap providing final definitive agreement delta today received incorporated comments based supposed fund april 20 lawyers planning meet early next week review final new comments closing process talking dean vanech different matter nudge along well tomorrow skiing las vegas development expansion pulled together tolling agreement allegheny nearly complete expect everything done later month would like approval construct project subject everything fialized hoping review john monday execute dash later week seek executive committee board approval april 30 may 1 200 mm detailed presentation dash review monday rac finance accounting legal seen dash aware timing general location north las vegas adjacent existing lm 6000 qf facility description 195 mm 225 mw combined cycle lm 6000 7 800 heat rate cod september 1 2002 interconnect nevada power gas supply southwest power permits done epc contractor modern continental fixed price turnkey rated bonding second tier financeable contract tolling terms 15 year allegheny delivers fuel plant takes power plant 12 15 kwmonth plus variable charges 29 mm year returns 15 believe asset market needs 10 12 based fountain valley comparables discount rates terminal value assumptions think make 25 mm 30 mm selling project year interested bidders include black hills northland power transcanada delta power calpine turbopark used joe agreed 120 day bridge loan enron project financing secured wind wind guys talking ene wind concerned ene wind may sell bpa rfp price epmi bid also want option couple ene wind sites order quickly capture opportunities general believe ene wind good sites resources get done would like control site bring together companies want partner us equity cinergy epc enexco believe pull deal together could result ene wind selling turbines ena generating strong marketing premiums without either one us putting significant capital risk mark metz suggested anything help ene wid sell turbines good thing talk adam umanoff