EMAIL DETAILS

Hunter here is energy deal from Damian, seems there is some hair on the
deal. Review it and let me know if you want more info etc. Thanks


An Energy Opportunity?
$1.5 Billion Federally approved LNG facility developed by AES - with PLA
support from Big Labor - falls victim to 4th Circuit decision that gives
O'Malley a clean veto on an otherwise federally preempted Clean Energy
project that creates 500 union construction jobs.

Notable Stakeholders
AES Team Leader Ed Cahill (coincidentally his sister is longtime
Kennedy/Kerry Chief of Staff Mary Beth Cahill, KO Public Affairs
(Strategic Communications), Tim Perry (Lawyer, Government Affairs), Mike
Powell (Environmental Counsel), and Maryland State Building and
Construction Trades President Rod Easter.

Background
Over the past 5 years, AES, a global energy company, received numerous
approvals for a Liquefied Natural Gas terminal and pipeline at Sparrows
Point outside of Baltimore, MD. A number of local and State officials,
including outgoing Baltimore County Executive Jim Smith and Governor
Martin O'Malley, remain in opposition to the project. Despite a number
of attempts to quash the clean energy project in Federal Court, the
state and local government's efforts to stymie the project where largely
quashed under Federal preemption by the Natural Gas Act. Recently,
however, a Fourth Circuit ruling authorized Maryland to exercise their
Clean Water Act state authority.

The Choice
Governor O'Mallley had the best of both worlds until the 4th Circuit
decision went in a universally unexpected direction. O'Malley could have
fought against the project with NIMBYs and had it built by labor (not to
mention making the Port of Baltimore a top priority energy port -- while
having AES dredge and clean up the Chesapeake Bay) after all his
frivolous appeals were exhausted in Federal Court.

Now he must choose: 500 new union clean energy jobs in an economically
disadvantaged and swing political environment or upholding campaign
rhetoric for NIMBYs.

The Opportunity
As a result of the recent court ruling, what many market analysts call
Maryland Risk - a highly political and energy regulatory environment -
has struck AES. AES was always interested in gas suppliers and
development partners. It is my understanding that AES remains interested
in potential investors and partners in the project.


Laird C. Bunch

Owner and President

BFP Sotheby's International Realty | 5806 Kennett Pike Centreville, DE
19807 | Phone:302.654.6500 | Mobile: 302.275.0869 | Efax: 302.397.2671

P Please consider the environment before printing this email.

The information in this electronic mail message is the sender's
confidential business and may be legally privileged. It is intended
solely for the addressee(s). Access to this internet electronic mail
message by anyone else is unauthorized. If you are not the intended
recipient, any disclosure, copying, distribution or any action taken or
omitted to be taken in reliance on it is prohibited and may be unlawful.