EMAIL DETAILS
SUBJECT:
Cap One/Project Sun
PRI: NORMAL
FROM:
E
eschwerin@rosemontseneca.com
DATE:
2011-08-10 17:35:12
MSG_ID:
<03098C16-B899-4AC0-9BBE-9683F1353EE2@rosemontseneca.com>
RECIPIENTS:
TO:
D
Devon Archer
<darcher@rosemontseneca.com>
CC:
H
Hunter Biden
<hbiden@rosemontseneca.com>
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PROCESSED
Lorenzo did say that Iberdrola agreed to a 30 day delay but I got the sense that the likeliest outcome of this would be that Cap One does the whole deal and it is straight tax credit. He said that was Plan B, but reading between the lines it seemed the likeliest outcome. Devon, not sure if you heard anything differently. Would still be done through us so we'd make a little cash for brokering the deal but the 49% equity position seems less likely and given the markets the past week raising the equity may be harder (at least that is what Lorenzo said). Eric D. Schwerin eschwerin@rosemontseneca.com Sent from my iPhone
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