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whaddya mean?
dev33
you mean software?
dev33
Gang: Quick question.
dev33
Does the lease-buy-back free up $50M of funds for 1987?
dev33
Mark, is that captured in the 1987 cash flows?
dev33
Don't think that should change our recommendation, but ran across it in the case and was wondering if we captured it.
dev33
Best, Jeff
dev33
Yeah, but my name's not in it.
dev33
I haven't heard that, but I was running around quite a bit yesterday.
dev33
Governor Backbone has however been recently attempting to appeal to the Nader (noisy) wing of the party, so it wouldn't be altogether surprising.
dev33
We can poke around.
dev33
Best, Jeff
dev33
I was thinking that it gives them $50M up front (the sale), and then they'll only have to make installment payments for the leases.
dev33
Sounds great.
dev33
When do we sign up?
dev33
Best, Jeff
dev33
"In addition, we are pursuing sale-and-leaseback negotitations for an aggregate of approximately $50 million for ten of our stores. These sources of additional funds, along with internally generated cash flow (what internally generated cash flow???), will provide us with an ample financial foundation to continue to underwrite our growth over the next several years."
dev33
Exhibit 4, "A Letter to Our Shareholders."
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Top of second column of page.
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Best, Jeff
dev33
No apologies needed.
dev33
Thanks so much for doing so much.
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Also, heads up.
dev33
Mark and I are having a teensy discussion about a possible $50 in additional cash we may need to consider (see letter to shareholders, exhibit 4, top of second column).
dev33
Best, Jeff
dev33
I am SO excited about going up and about seeing you guys.
dev33
We're going to try (fingers crossed) to leave tomorrow afternoon.
dev33
Can you guys bring Annie?
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(please?).
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hi.
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how's things.
dev33
my cars getting fixed as we speak!
dev33
it'll be ready next tues/wed.
dev33
I'm very excited about going to the dome this weekend and looking forward to seeing you guys.
dev33
can you please bring annie with you?
dev33
one small request: i'm pretty frazzled with work, school, etc. and am looking forward to relaxing and hanging out with you guys.
dev33
it would be great to talk about anything other than 1) the electricity crisis and 2) george w.
dev33
bush.
dev33
i figure we can talk for hours about how to get the railing done on the deck!
dev33
best,
dev33
should we point out in memo?
dev33
think it's too late to revise?
dev33
hi jean: incidentally, you're coverage of the mess via email, etc. has been unequaled.
dev33
can't thank you enough.
dev33
were there any materials giving more specifics of what the governor proposed today?
dev33
thanks very much.
dev33
Best, Jeff
dev33
It is EXTREMELY useful.
dev33
Please continue.
dev33
And on behalf of freedom-loving people everywhere, thank you, jean.
dev33
Best, Jeff
dev33
cell 818.414.5998 S. David Freeman cell 213.792.4900 L.A. Office
dev33
FYI.
dev33
Calger is in active talks with Freeman and DWR lawyers about the offer letter we submitted on Tuesday.
dev33
Freeman's very anxious to do a deal for 200 MWs from the West Desk and then start talking about a deal for power from Parquet's Pastoria plant.
dev33
Credit is of course the issue and Calger's told them that unless the credit issue is bulletproof it's not going to work.
dev33
See Chris' comments below.
dev33
It looks like progress is being made, but the details will make it or break it.
dev33
Any thoughts?
dev33
Might make sense to discuss on the call.
dev33
Please forward along to others.
dev33
Thanks.
dev33
Best, Jeff
dev33
I'm holding up just fine.
dev33
Thanks a bunch for caring.
dev33
Have a great time in the Virgin Islands!
dev33
Is it a Survivor gig?
dev33
Neat.
dev33
Thanks very much.
dev33
My techie pals showed me the feature on Enron in the most recent version of eCompany.
dev33
What a great feature.
dev33
Congratulations.
dev33
Best, Jeff
dev33
FYI.
dev33
Note that TURN sez that the Commission should use the enactment date of AB1X as the date that the rate freeze ended.
dev33
Here is the very quick and dirty that I did on the fly for Justin yesterday.
dev33
You should feel free to edit away!
dev33
Best, Jeff
dev33
Mike: Please call me ASAP on this issue on my cell phone 415.505.6633.
dev33
Got an idea.
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Appreciate it.
dev33
Best, Jeff
dev33
Karen: Harry's done some more recent work on the numbers we need to fill in, so he'll fill them in. Harry: the numbers we've thrown around over the last couple of months are: From 1996 to 1999, peak demand increased by 5,522 megawatts, but only 672 megawatts of new capacity was added.
dev33
Meanwhile, electricity is growing over 5% per year.
dev33
I'll be on the call as will Mike Day, out outside counsel who's been helping us negotiate a fix to the DA prohibition in AB 1X.
dev33
Best, Jeff
dev33
Hey gang: I think that we should do the case.
dev33
I'm willing to help draft, and willing to take a first crack at putting some bullets together about the direction I think the memo ought to take and distribute that by about 5 PM tomorrow.
dev33
Though it would be good for other folks to do same and then we could compare notes.
dev33
Makes sense?
dev33
Thoughts?
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Suggestions?
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Best, Jeff
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FYI.
dev33
From my "buddy" Verleger.
dev33
No problem.
dev33
Just wanted to throw some thoughts into the hopper.
dev33
If you've gotten them from Vicky and Tom, then we're set.
dev33
Good luck.
dev33
Best, Jeff
dev33