conn coal plants pursuing requested pursue reason e mail place management emphasis opportunity original message kitchen louise sent wednesday september 26 2001 10 10 pm presto kevin miller asset mktg robinson mitch davis mark dana llodra john broderick paul j cc lavorato john duran w david subject conn coal plants john llodra miller discussions regard pursuing assets last week essentially plants may first distress sales see market place john let everyone know plan move forward original message presto kevin sent wednesday september 26 2001 9 38 pm miller asset mktg robinson mitch davis mark dana llodra john broderick paul j cc lavorato john kitchen louise duran w david subject conn coal plants know nrg proposed purchase two coal plants conneticut ui territory recently cancelled due regulatory issues ferc purchase sale transaction wisvest nrg originally entered almost two years ago proposed purchase price 350 million 1000 mw coal bargain price time due environmental risks specific state ct past 2 3 years state conneticut threatened coal plants shut due pollution issues wisvest concerned enough risk puked plants nrg 350 kw early 2000 minimum expected 100 150 kw scr scrubbers required facilities appease ct regulatory bodies strong view practical matter plants shut lights would go ct area plants located quite possibly congested area entire eastern interconnect load pocket significantly short mw transmission import capability inadequate serve load area true locational marginal price environment prices would likely similar zone j new york currently pricing nepool generally socialized congestion costs spread equally loads regardless causes congestion recently proposed single ne rto model 80 certain pjm locational marginal price market model implemented sometime mid 2003 mid 2004 point time consumers congested areas nepool city boston ct exposed higher energy prices consumers maine new hampshire rhode island see lower prices given facts coupled traditional asset companies long show good bids incremental assets think ews pursue discussions wisvest immediately attempt buy coal plants could extremely favorable economics relative forward curve nepool bullish view relative pricing asset node could buy plants approx 250 kw 150 kw environmental upgrades resulting depr fixed variable fuel costs nox 2 capital reserve interest 7 x 24 plant cost would approx 34 36 mwh lower energy socialized nepool curve additional upside derived positive basis icap ancillary services emissions allowances long term requirements sales lse lavo louise could alberta ppa 2002 lots hair lots upside thoughts