sundance b bid duke john louise rob thought would fire quick note inform duke produced non binding bid entire sundance b ppa duke bid c 180 000 000 compares earlier bid c 120 000 000 c 140 000 000 one unit july 10 2001 duke bid combined cost structure ppa would duke buying ppa approximately c 35 50 mw us 22 50 mw mark market value sundance units september 18 th curves c 178 120 374 therefore sale duke c 180 mm would provide significant increase earnings additionally must noted curves conservative heat rate assumptions built latter years based conversation john last week clearly indicated selling ppa us 25 00 mw acceptable would agree john enron would better served maintaining current position accept bid reflecting price less us 25 00 must noted duke bid expires 5 00 pm cdt september 21 therefore anyone feels strongly move forward duke address immediately otherwise miller continue position enron division ppa subsequent auction derek