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Strategies & Market Trends : IPPs and Merchant Energy Co.s -- Ignore unavailable to you. Want to Upgrade?


To: Paul Lee who wrote (2052)5/7/2003 8:59:19 AM
From: fromBermuda  Respond to of 3358
 
First blush looks pretty interesting....

2003 guidance at $800 mm EBITDA

Only seeking to refi $5.3 bn of their debt

Expect collateral posted reductions of $370 mm this year

$200mm collateral reductions coming from Canadian sale (03 and beyond)

Improved EBITDA for 2004, and continuing to improve beyond

Let's see how market takes this. To me looks strong. fB