CPN: Calpine Corporation Message Board

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Gold/Mining/Energy : CPN: Calpine Corporation

FRO 23.33

+0.2%

Nov 5 3:59 PM EST

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To: Raymond Duray who wrote (261)	2/1/2002 4:45:48 PM
From: Daniel G. DeBusschere	Read Replies (1) of 555

It is perfectly possible for two parties to renegotiate a legal and binding contract with revised terms that benefit both parties. If CPN needs cash or credit rating, there are things the state of California has that are non cash in nature but would provide valuable consideration to CPN in return for reduced pricing. This is only a for example - all I know is Cartwright will discuss anything with the state and continue to maintain his credibility while not giving away the farm without fair and equitable consideration. And furthermore, I believe that everyone in a policy position at the state believes this also. The big guns will be turned on DUK MIR DYN and what's left of ENE.

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