--------------------------
                                                             OMB APPROVAL
                                                      --------------------------
                                                      OMB Number:      3235-0145
                                                      Expires: December 31, 2005
                                                      Estimated  average  burden
                                                      hours per response......11
                                                      --------------------------

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                  SCHEDULE 13D

                    Under the Securities Exchange Act of 1934
                           (Amendment No. _________)*

                     Tremisis Energy Acquisition Corporation
--------------------------------------------------------------------------------
                                (Name of Issuer)

                    Common Stock, par value $0.0001 per share
--------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                    894727106
--------------------------------------------------------------------------------
                                 (CUSIP Number)

                                 Mark C. Wehrly
                       Farallon Capital Management, L.L.C.
                         One Maritime Plaza, Suite 1325
                         San Francisco, California 94111
                                 (415) 421-2132
--------------------------------------------------------------------------------
                  (Name, Address and Telephone Number of Person
                Authorized to Receive Notices and Communications)

                                November 21, 2005
--------------------------------------------------------------------------------
             (Date of Event which Requires Filing of this Statement)


If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Sections 240.13d-1(e), 13d-1(f) or 240.13d-1(g), check the
following box [ ].

Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Section 240.13d-7 for other
parties to whom copies are to be sent.

* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).

                         (Continued on following pages)
                               Page 1 of 39 Pages
                         Exhibit Index Found on Page 38





                                       13D
===================
CUSIP No. 894727106
===================


------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Farallon Capital Partners, L.P.
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                              (a) [   ]
                                                              (b) [ X ]**
    2
                  **       The  reporting  persons  making  this  filing hold an
                           aggregate  of  591,070  Shares,  which is 7.7% of the
                           class of  securities.  The  reporting  person on this
                           cover page,  however,  is a beneficial  owner only of
                           the securities reported by it on this cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            SOURCE OF FUNDS (See Instructions)
    4
            WC, OO
------------====================================================================
            CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
    5       TO ITEMS 2(d) OR 2(e)
                                                                  [   ]
------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    6
            California
------------====================================================================
                                     SOLE VOTING POWER
                             7
         NUMBER OF                   -0-
                         ------------===========================================
          SHARES                     SHARED VOTING POWER
       BENEFICIALLY          8
         OWNED BY                    101,400
                         ------------===========================================
           EACH                      SOLE DISPOSITIVE POWER
                             9
         REPORTING                   -0-
        PERSON WITH      ------------===========================================
                                     SHARED DISPOSITIVE POWER
                             10
                                     101,400
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    11
            101,400
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    12      CERTAIN SHARES (See Instructions)
                                                                  [   ]
------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    13
            1.3%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    14
            PN
------------====================================================================


                               Page 2 of 39 Pages



                                       13D
===================
CUSIP No. 894727106
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Farallon Capital Institutional Partners, L.P.
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                              (a) [   ]
                                                              (b) [ X ]**
    2
                  **       The  reporting  persons  making  this  filing hold an
                           aggregate  of  591,070  Shares,  which is 7.7% of the
                           class of  securities.  The  reporting  person on this
                           cover page,  however,  is a beneficial  owner only of
                           the securities reported by it on this cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            SOURCE OF FUNDS (See Instructions)
    4
            WC
------------====================================================================
            CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
    5       TO ITEMS 2(d) OR 2(e)
                                                                  [   ]
------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    6
            California
------------====================================================================
                                     SOLE VOTING POWER
                             7
         NUMBER OF                   -0-
                         ------------===========================================
          SHARES                     SHARED VOTING POWER
       BENEFICIALLY          8
         OWNED BY                    79,600
                         ------------===========================================
           EACH                      SOLE DISPOSITIVE POWER
                             9
         REPORTING                   -0-
        PERSON WITH      ------------===========================================
                                     SHARED DISPOSITIVE POWER
                             10
                                     79,600
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    11
            79,600
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    12      CERTAIN SHARES (See Instructions)
                                                                  [   ]
------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    13
            1.0%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    14
            PN
------------====================================================================


                               Page 3 of 39 Pages



                                       13D
===================
CUSIP No. 894727106
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Farallon Capital Institutional Partners II, L.P.
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                              (a) [   ]
                                                              (b) [ X ]**
    2
                  **       The  reporting  persons  making  this  filing hold an
                           aggregate  of  591,070  Shares,  which is 7.7% of the
                           class of  securities.  The  reporting  person on this
                           cover page,  however,  is a beneficial  owner only of
                           the securities reported by it on this cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            SOURCE OF FUNDS (See Instructions)
    4
            WC
------------====================================================================
            CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
    5       TO ITEMS 2(d) OR 2(e)
                                                                  [   ]
------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    6
            California
------------====================================================================
                                     SOLE VOTING POWER
                             7
         NUMBER OF                   -0-
                         ------------===========================================
          SHARES                     SHARED VOTING POWER
       BENEFICIALLY          8
         OWNED BY                    19,900
                         ------------===========================================
           EACH                      SOLE DISPOSITIVE POWER
                             9
         REPORTING                   -0-
        PERSON WITH      ------------===========================================
                                     SHARED DISPOSITIVE POWER
                             10
                                     19,900
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    11
            19,900
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    12      CERTAIN SHARES (See Instructions)
                                                                  [   ]
------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    13
            0.3%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    14
            PN
------------====================================================================


                               Page 4 of 39 Pages



                                       13D
===================
CUSIP No. 894727106
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Farallon Capital Institutional Partners III, L.P.
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                              (a) [   ]
                                                              (b) [ X ]**
    2
                  **       The  reporting  persons  making  this  filing hold an
                           aggregate  of  591,070  Shares,  which is 7.7% of the
                           class of  securities.  The  reporting  person on this
                           cover page,  however,  is a beneficial  owner only of
                           the securities reported by it on this cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            SOURCE OF FUNDS (See Instructions)
    4
            WC
------------====================================================================
            CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
    5       TO ITEMS 2(d) OR 2(e)
                                                                  [   ]
------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    6
            Delaware
------------====================================================================
                                     SOLE VOTING POWER
                             7
         NUMBER OF                   -0-
                         ------------===========================================
          SHARES                     SHARED VOTING POWER
       BENEFICIALLY          8
         OWNED BY                    24,300
                         ------------===========================================
           EACH                      SOLE DISPOSITIVE POWER
                             9
         REPORTING                   -0-
        PERSON WITH      ------------===========================================
                                     SHARED DISPOSITIVE POWER
                             10
                                     24,300
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    11
            24,300
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    12      CERTAIN SHARES (See Instructions)
                                                                  [   ]
------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    13
            0.3%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    14
            PN
------------====================================================================


                               Page 5 of 39 Pages



                                       13D
====================
CUSIP No. 894727106
====================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Tinicum Partners, L.P.
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                              (a) [   ]
                                                              (b) [ X ]**
    2
                  **       The  reporting  persons  making  this  filing hold an
                           aggregate  of  591,070  Shares,  which is 7.7% of the
                           class of  securities.  The  reporting  person on this
                           cover page,  however,  is a beneficial  owner only of
                           the securities reported by it on this cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            SOURCE OF FUNDS (See Instructions)
    4
            WC, OO
------------====================================================================
            CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
    5       TO ITEMS 2(d) OR 2(e)
                                                                  [   ]
------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    6
            New York
------------====================================================================
                                     SOLE VOTING POWER
                             7
         NUMBER OF                   -0-
                         ------------===========================================
          SHARES                     SHARED VOTING POWER
       BENEFICIALLY          8
         OWNED BY                    3,800
                         ------------===========================================
           EACH                      SOLE DISPOSITIVE POWER
                             9
         REPORTING                   -0-
        PERSON WITH      ------------===========================================
                                     SHARED DISPOSITIVE POWER
                             10
                                     3,800
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    11
            3,800
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    12      CERTAIN SHARES (See Instructions)
                                                                  [   ]
------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    13
            0.0%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    14
            PN
------------====================================================================


                               Page 6 of 39 Pages



                                       13D
===================
CUSIP No. 894727106
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Farallon Capital Offshore Investors II, L.P.
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                              (a) [   ]
                                                              (b) [ X ]**
    2
                  **       The  reporting  persons  making  this  filing hold an
                           aggregate  of  591,070  Shares,  which is 7.7% of the
                           class of  securities.  The  reporting  person on this
                           cover page,  however,  is a beneficial  owner only of
                           the securities reported by it on this cover page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            SOURCE OF FUNDS (See Instructions)
    4
            WC, OO
------------====================================================================
            CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
    5       TO ITEMS 2(d) OR 2(e)
                                                                  [   ]
------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    6
            Cayman Islands
------------====================================================================
                                     SOLE VOTING POWER
                             7
         NUMBER OF                   -0-
                         ------------===========================================
          SHARES                     SHARED VOTING POWER
       BENEFICIALLY          8
         OWNED BY                    169,600
                         ------------===========================================
           EACH                      SOLE DISPOSITIVE POWER
                             9
         REPORTING                   -0-
        PERSON WITH      ------------===========================================
                                     SHARED DISPOSITIVE POWER
                             10
                                     169,600
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    11
            169,600
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    12      CERTAIN SHARES (See Instructions)
                                                                  [   ]
------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    13
            2.2%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    14
            PN
------------====================================================================


                               Page 7 of 39 Pages



                                       13D
====================
CUSIP No. 894727106
====================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Farallon Capital Management, L.L.C.
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                              (a) [   ]
                                                              (b) [ X ]**
    2
                  **       The  reporting  persons  making  this  filing hold an
                           aggregate  of  591,070  Shares,  which is 7.7% of the
                           class of  securities.  The  reporting  person on this
                           cover page, however, may be deemed a beneficial owner
                           only of the  securities  reported by it on this cover
                           page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            SOURCE OF FUNDS (See Instructions)
    4
            OO
------------====================================================================
            CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
    5       TO ITEMS 2(d) OR 2(e)
                                                                  [   ]
------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    6
            Delaware
------------====================================================================
                                     SOLE VOTING POWER
                             7
         NUMBER OF                   -0-
                         ------------===========================================
          SHARES                     SHARED VOTING POWER
       BENEFICIALLY          8
         OWNED BY                    192,470
                         ------------===========================================
           EACH                      SOLE DISPOSITIVE POWER
                             9
         REPORTING                   -0-
        PERSON WITH      ------------===========================================
                                     SHARED DISPOSITIVE POWER
                             10
                                     192,470
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    11
            192,470
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    12      CERTAIN SHARES (See Instructions)
                                                                  [   ]
------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    13
            2.5%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    14
            IA, OO
------------====================================================================


                               Page 8 of 39 Pages



                                       13D
===================
CUSIP No. 894727106
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Farallon Partners, L.L.C.
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                              (a) [   ]
                                                              (b) [ X ]**
    2
                  **       The  reporting  persons  making  this  filing hold an
                           aggregate  of  591,070  Shares,  which is 7.7% of the
                           class of  securities.  The  reporting  person on this
                           cover page, however, may be deemed a beneficial owner
                           only of the  securities  reported by it on this cover
                           page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            SOURCE OF FUNDS (See Instructions)
    4
            AF
------------====================================================================
            CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
    5       TO ITEMS 2(d) OR 2(e)
                                                                  [   ]
------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    6
            Delaware
------------====================================================================
                                     SOLE VOTING POWER
                             7
         NUMBER OF                   -0-
                         ------------===========================================
          SHARES                     SHARED VOTING POWER
       BENEFICIALLY          8
         OWNED BY                    398,600
                         ------------===========================================
           EACH                      SOLE DISPOSITIVE POWER
                             9
         REPORTING                   -0-
        PERSON WITH      ------------===========================================
                                     SHARED DISPOSITIVE POWER
                             10
                                     398,600
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    11
            398,600
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    12      CERTAIN SHARES (See Instructions)
                                                                  [   ]
------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    13
            5.2%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    14
            OO
------------====================================================================


                               Page 9 of 39 Pages



                                       13D
===================
CUSIP No. 894727106
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Chun R. Ding
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                              (a) [   ]
                                                              (b) [ X ]**
    2
                  **       The  reporting  persons  making  this  filing hold an
                           aggregate  of  591,070  Shares,  which is 7.7% of the
                           class of  securities.  The  reporting  person on this
                           cover page, however, may be deemed a beneficial owner
                           only of the  securities  reported by it on this cover
                           page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            SOURCE OF FUNDS (See Instructions)
    4
            AF, OO
------------====================================================================
            CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
    5       TO ITEMS 2(d) OR 2(e)
                                                                  [   ]
------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    6
            United States
------------====================================================================
                                     SOLE VOTING POWER
                             7
         NUMBER OF                   -0-
                         ------------===========================================
          SHARES                     SHARED VOTING POWER
       BENEFICIALLY          8
         OWNED BY                    591,070
                         ------------===========================================
           EACH                      SOLE DISPOSITIVE POWER
                             9
         REPORTING                   -0-
        PERSON WITH      ------------===========================================
                                     SHARED DISPOSITIVE POWER
                             10
                                     591,070
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    11
            591,070
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    12      CERTAIN SHARES (See Instructions)
                                                                  [   ]
------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    13
            7.7%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    14
            IN
------------====================================================================


                              Page 10 of 39 Pages



                                       13D
===================
CUSIP No. 894727106
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            William F. Duhamel
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                              (a) [   ]
                                                              (b) [ X ]**
    2
                  **       The  reporting  persons  making  this  filing hold an
                           aggregate  of  591,070  Shares,  which is 7.7% of the
                           class of  securities.  The  reporting  person on this
                           cover page, however, may be deemed a beneficial owner
                           only of the  securities  reported by it on this cover
                           page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            SOURCE OF FUNDS (See Instructions)
    4
            AF, OO
------------====================================================================
            CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
    5       TO ITEMS 2(d) OR 2(e)
                                                                  [   ]
------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    6
            United States
------------====================================================================
                                     SOLE VOTING POWER
                             7
         NUMBER OF                   -0-
                         ------------===========================================
          SHARES                     SHARED VOTING POWER
       BENEFICIALLY          8
         OWNED BY                    591,070
                         ------------===========================================
           EACH                      SOLE DISPOSITIVE POWER
                             9
         REPORTING                   -0-
        PERSON WITH      ------------===========================================
                                     SHARED DISPOSITIVE POWER
                             10
                                     591,070
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    11
            591,070
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    12      CERTAIN SHARES (See Instructions)
                                                                  [   ]
------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    13
            7.7%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    14
            IN
------------====================================================================


                              Page 11 of 39 Pages



                                       13D
===================
CUSIP No. 894727106
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Charles E. Ellwein
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                              (a) [   ]
                                                              (b) [ X ]**
    2
                  **       The  reporting  persons  making  this  filing hold an
                           aggregate  of  591,070  Shares,  which is 7.7% of the
                           class of  securities.  The  reporting  person on this
                           cover page, however, may be deemed a beneficial owner
                           only of the  securities  reported by it on this cover
                           page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            SOURCE OF FUNDS (See Instructions)
    4
            AF, OO
------------====================================================================
            CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
    5       TO ITEMS 2(d) OR 2(e)
                                                                  [   ]
------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    6
            United States
------------====================================================================
                                     SOLE VOTING POWER
                             7
         NUMBER OF                   -0-
                         ------------===========================================
          SHARES                     SHARED VOTING POWER
       BENEFICIALLY          8
         OWNED BY                    591,070
                         ------------===========================================
           EACH                      SOLE DISPOSITIVE POWER
                             9
         REPORTING                   -0-
        PERSON WITH      ------------===========================================
                                     SHARED DISPOSITIVE POWER
                             10
                                     591,070
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    11
            591,070
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    12      CERTAIN SHARES (See Instructions)
                                                                  [   ]
------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    13
            7.7%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    14
            IN
------------====================================================================


                              Page 12 of 39 Pages



                                       13D
===================
CUSIP No. 894727106
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Richard B. Fried
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                              (a) [   ]
                                                              (b) [ X ]**
    2
                  **       The  reporting  persons  making  this  filing hold an
                           aggregate  of  591,070  Shares,  which is 7.7% of the
                           class of  securities.  The  reporting  person on this
                           cover page, however, may be deemed a beneficial owner
                           only of the  securities  reported by it on this cover
                           page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            SOURCE OF FUNDS (See Instructions)
    4
            AF, OO
------------====================================================================
            CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
    5       TO ITEMS 2(d) OR 2(e)
                                                                  [   ]
------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    6
            United States
------------====================================================================
                                     SOLE VOTING POWER
                             7
         NUMBER OF                   -0-
                         ------------===========================================
          SHARES                     SHARED VOTING POWER
       BENEFICIALLY          8
         OWNED BY                    591,070
                         ------------===========================================
           EACH                      SOLE DISPOSITIVE POWER
                             9
         REPORTING                   -0-
        PERSON WITH      ------------===========================================
                                     SHARED DISPOSITIVE POWER
                             10
                                     591,070
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    11
            591,070
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    12      CERTAIN SHARES (See Instructions)
                                                                  [   ]
------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    13
            7.7%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    14
            IN
------------====================================================================


                              Page 13 of 39 Pages



                                       13D
===================
CUSIP No. 894727106
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Monica R. Landry
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                              (a) [   ]
                                                              (b) [ X ]**
    2
                  **       The  reporting  persons  making  this  filing hold an
                           aggregate  of  591,070  Shares,  which is 7.7% of the
                           class of  securities.  The  reporting  person on this
                           cover page, however, may be deemed a beneficial owner
                           only of the  securities  reported by it on this cover
                           page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            SOURCE OF FUNDS (See Instructions)
    4
            AF, OO
------------====================================================================
            CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
    5       TO ITEMS 2(d) OR 2(e)
                                                                  [   ]
------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    6
            United States
------------====================================================================
                                     SOLE VOTING POWER
                             7
         NUMBER OF                   -0-
                         ------------===========================================
          SHARES                     SHARED VOTING POWER
       BENEFICIALLY          8
         OWNED BY                    591,070
                         ------------===========================================
           EACH                      SOLE DISPOSITIVE POWER
                             9
         REPORTING                   -0-
        PERSON WITH      ------------===========================================
                                     SHARED DISPOSITIVE POWER
                             10
                                     591,070
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    11
            591,070
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    12      CERTAIN SHARES (See Instructions)
                                                                  [   ]
------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    13
            7.7%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    14
            IN
------------====================================================================


                              Page 14 of 39 Pages



                                       13D
===================
CUSIP No. 894727106
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            William F. Mellin
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                              (a) [   ]
                                                              (b) [ X ]**
    2
                  **       The  reporting  persons  making  this  filing hold an
                           aggregate  of  591,070  Shares,  which is 7.7% of the
                           class of  securities.  The  reporting  person on this
                           cover page, however, may be deemed a beneficial owner
                           only of the  securities  reported by it on this cover
                           page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            SOURCE OF FUNDS (See Instructions)
    4
            AF, OO
------------====================================================================
            CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
    5       TO ITEMS 2(d) OR 2(e)
                                                                  [   ]
------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    6
            United States
------------====================================================================
                                     SOLE VOTING POWER
                             7
         NUMBER OF                   -0-
                         ------------===========================================
          SHARES                     SHARED VOTING POWER
       BENEFICIALLY          8
         OWNED BY                    591,070
                         ------------===========================================
           EACH                      SOLE DISPOSITIVE POWER
                             9
         REPORTING                   -0-
        PERSON WITH      ------------===========================================
                                     SHARED DISPOSITIVE POWER
                             10
                                     591,070
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    11
            591,070
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    12      CERTAIN SHARES (See Instructions)
                                                                  [   ]
------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    13
            7.7%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    14
            IN
------------====================================================================


                              Page 15 of 39 Pages



                                       13D
===================
CUSIP No. 894727106
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Stephen L. Millham
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                              (a) [   ]
                                                              (b) [ X ]**
    2
                  **       The  reporting  persons  making  this  filing hold an
                           aggregate  of  591,070  Shares,  which is 7.7% of the
                           class of  securities.  The  reporting  person on this
                           cover page, however, may be deemed a beneficial owner
                           only of the  securities  reported by it on this cover
                           page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            SOURCE OF FUNDS (See Instructions)
    4
            AF, OO
------------====================================================================
            CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
    5       TO ITEMS 2(d) OR 2(e)
                                                                  [   ]
------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    6
            United States
------------====================================================================
                                     SOLE VOTING POWER
                             7
         NUMBER OF                   -0-
                         ------------===========================================
          SHARES                     SHARED VOTING POWER
       BENEFICIALLY          8
         OWNED BY                    591,070
                         ------------===========================================
           EACH                      SOLE DISPOSITIVE POWER
                             9
         REPORTING                   -0-
        PERSON WITH      ------------===========================================
                                     SHARED DISPOSITIVE POWER
                             10
                                     591,070
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    11
            591,070
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    12      CERTAIN SHARES (See Instructions)
                                                                  [   ]
------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    13
            7.7%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    14
            IN
------------====================================================================


                              Page 16 of 39 Pages



                                       13D
===================
CUSIP No. 894727106
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Rajiv A. Patel
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                              (a) [   ]
                                                              (b) [ X ]**
    2
                  **       The  reporting  persons  making  this  filing hold an
                           aggregate  of  591,070  Shares,  which is 7.7% of the
                           class of  securities.  The  reporting  person on this
                           cover page, however, may be deemed a beneficial owner
                           only of the  securities  reported by it on this cover
                           page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            SOURCE OF FUNDS (See Instructions)
    4
            AF, OO
------------====================================================================
            CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
    5       TO ITEMS 2(d) OR 2(e)
                                                                  [   ]
------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    6
            United States
------------====================================================================
                                     SOLE VOTING POWER
                             7
         NUMBER OF                   -0-
                         ------------===========================================
          SHARES                     SHARED VOTING POWER
       BENEFICIALLY          8
         OWNED BY                    591,070
                         ------------===========================================
           EACH                      SOLE DISPOSITIVE POWER
                             9
         REPORTING                   -0-
        PERSON WITH      ------------===========================================
                                     SHARED DISPOSITIVE POWER
                             10
                                     591,070
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    11
            591,070
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    12      CERTAIN SHARES (See Instructions)
                                                                  [   ]
------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    13
            7.7%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    14
            IN
------------====================================================================


                              Page 17 of 39 Pages



                                       13D
===================
CUSIP No. 894727106
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Derek C. Schrier
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                              (a) [   ]
                                                              (b) [ X ]**
    2
                  **       The  reporting  persons  making  this  filing hold an
                           aggregate  of  591,070  Shares,  which is 7.7% of the
                           class of  securities.  The  reporting  person on this
                           cover page, however, may be deemed a beneficial owner
                           only of the  securities  reported by it on this cover
                           page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            SOURCE OF FUNDS (See Instructions)
    4
            AF, OO
------------====================================================================
            CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
    5       TO ITEMS 2(d) OR 2(e)
                                                                  [   ]
------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    6
            United States
------------====================================================================
                                     SOLE VOTING POWER
                             7
         NUMBER OF                   -0-
                         ------------===========================================
          SHARES                     SHARED VOTING POWER
       BENEFICIALLY          8
         OWNED BY                    591,070
                         ------------===========================================
           EACH                      SOLE DISPOSITIVE POWER
                             9
         REPORTING                   -0-
        PERSON WITH      ------------===========================================
                                     SHARED DISPOSITIVE POWER
                             10
                                     591,070
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    11
            591,070
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    12      CERTAIN SHARES (See Instructions)
                                                                  [   ]
------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    13
            7.7%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    14
            IN
------------====================================================================


                              Page 18 of 39 Pages



                                       13D
===================
CUSIP No. 894727106
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Thomas F. Steyer
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                              (a) [   ]
                                                              (b) [ X ]**
    2
                  **       The  reporting  persons  making  this  filing hold an
                           aggregate  of  591,070  Shares,  which is 7.7% of the
                           class of  securities.  The  reporting  person on this
                           cover page, however, may be deemed a beneficial owner
                           only of the  securities  reported by it on this cover
                           page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            SOURCE OF FUNDS (See Instructions)
    4
            AF, OO
------------====================================================================
            CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
    5       TO ITEMS 2(d) OR 2(e)
                                                                  [   ]
------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    6
            United States
------------====================================================================
                                     SOLE VOTING POWER
                             7
         NUMBER OF                   -0-
                         ------------===========================================
          SHARES                     SHARED VOTING POWER
       BENEFICIALLY          8
         OWNED BY                    591,070
                         ------------===========================================
           EACH                      SOLE DISPOSITIVE POWER
                             9
         REPORTING                   -0-
        PERSON WITH      ------------===========================================
                                     SHARED DISPOSITIVE POWER
                             10
                                     591,070
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    11
            591,070
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    12      CERTAIN SHARES (See Instructions)
                                                                  [   ]
------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    13
            7.7%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    14
            IN
------------====================================================================


                              Page 19 of 39 Pages



                                       13D
===================
CUSIP No. 894727106
===================

------------====================================================================
            NAMES OF REPORTING PERSONS
    1       I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

            Mark C. Wehrly
------------====================================================================
            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
                                                              (a) [   ]
                                                              (b) [ X ]**
    2
                  **       The  reporting  persons  making  this  filing hold an
                           aggregate  of  591,070  Shares,  which is 7.7% of the
                           class of  securities.  The  reporting  person on this
                           cover page, however, may be deemed a beneficial owner
                           only of the  securities  reported by it on this cover
                           page.
------------====================================================================
    3       SEC USE ONLY

------------====================================================================
            SOURCE OF FUNDS (See Instructions)
    4
            AF, OO
------------====================================================================
            CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
    5       TO ITEMS 2(d) OR 2(e)
                                                                  [   ]
------------====================================================================
            CITIZENSHIP OR PLACE OF ORGANIZATION
    6
            United States
------------====================================================================
                                     SOLE VOTING POWER
                             7
         NUMBER OF                   -0-
                         ------------===========================================
          SHARES                     SHARED VOTING POWER
       BENEFICIALLY          8
         OWNED BY                    591,070
                         ------------===========================================
           EACH                      SOLE DISPOSITIVE POWER
                             9
         REPORTING                   -0-
        PERSON WITH      ------------===========================================
                                     SHARED DISPOSITIVE POWER
                             10
                                     591,070
------------====================================================================
            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    11
            591,070
------------====================================================================
            CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
    12      CERTAIN SHARES (See Instructions)
                                                                  [   ]
------------====================================================================
            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
    13
            7.7%
------------====================================================================
            TYPE OF REPORTING PERSON (See Instructions)
    14
            IN
------------====================================================================


                              Page 20 of 39 Pages



Item 1.  Security And Issuer
------   -------------------

         This statement relates to shares of Common Stock, par value $0.0001 per
share  (the  "Shares"),   of  Tremisis  Energy   Acquisition   Corporation  (the
"Company").  The Company's principal offices are located at 1775 Broadway, Suite
604, New York, New York 10019.

Item 2.  Identity And Background
-------  -----------------------

         (a)      This  statement is filed by the  entities  and persons  listed
below, all of whom together are referred to herein as the "Reporting Persons."

         The Farallon Funds
         ------------------

                  (i)      Farallon Capital Partners, L.P., a California limited
                           partnership ("FCP"),  with respect to the Shares held
                           by it;

                  (ii)     Farallon  Capital  Institutional  Partners,  L.P.,  a
                           California limited partnership ("FCIP"), with respect
                           to the Shares held by it;

                  (iii)    Farallon Capital  Institutional  Partners II, L.P., a
                           California  limited  partnership  ("FCIP  II"),  with
                           respect to the Shares held by it;

                  (iv)     Farallon Capital Institutional  Partners III, L.P., a
                           Delaware  limited   partnership  ("FCIP  III"),  with
                           respect to the Shares held by it;

                  (v)      Tinicum   Partners,   L.P.,   a  New   York   limited
                           partnership  ("Tinicum"),  with respect to the Shares
                           held by it; and

                  (vi)     Farallon  Capital  Offshore  Investors  II,  L.P.,  a
                           Cayman Islands  exempted limited  partnership  ("FCOI
                           II"), with respect to the Shares held by it.

         FCP, FCIP, FCIP II, FCIP III, Tinicum and FCOI II are together referred
to herein as the "Farallon Funds."

         The Management Company
         ----------------------

                  (vii)    Farallon  Capital  Management,   L.L.C.,  a  Delaware
                           limited liability company (the "Management Company"),
                           with respect to the Shares held by a certain  account
                           managed  by  the  Management  Company  (the  "Managed
                           Account").

         The Farallon General Partner
         ----------------------------

                  (viii)   Farallon   Partners,   L.L.C.,   a  Delaware  limited
                           liability  company  which is the


                              Page 21 of 39 Pages



                           general  partner of each of the  Farallon  Funds (the
                           "Farallon  General  Partner"),  with  respect  to the
                           Shares held by each of the Farallon Funds.

         The Farallon Managing Members
         -----------------------------

                  (ix)     The  following  persons who are  managing  members of
                           both the Farallon  General Partner and the Management
                           Company,  with  respect  to the  Shares  held  by the
                           Farallon Funds and the Managed Account:  Chun R. Ding
                           ("Ding"), William F. Duhamel ("Duhamel"),  Charles E.
                           Ellwein  ("Ellwein"),  Richard  B.  Fried  ("Fried"),
                           Monica  R.  Landry  ("Landry"),   William  F.  Mellin
                           ("Mellin"),  Stephen L. Millham ("Millham"), Rajiv A.
                           Patel ("Patel"), Derek C. Schrier ("Schrier"), Thomas
                           F. Steyer ("Steyer") and Mark C. Wehrly ("Wehrly").

         Ding, Duhamel, Ellwein, Fried, Landry, Mellin, Millham, Patel, Schrier,
Steyer and Wehrly are together  referred to herein as the  "Farallon  Individual
Reporting Persons."
         (b)      The address of the principal  business and principal office of
(i) the Farallon Funds, the Farallon General Partner and the Management  Company
is One Maritime Plaza, Suite 1325, San Francisco, California 94111 and (ii) each
of the Farallon Individual Reporting Persons is set forth in Annex 1 hereto.
         (c)      The principal  business of each of the Farallon  Funds is that
of a private  investment  fund engaging in the purchase and sale of  investments
for its own account.  The principal  business of the Farallon General Partner is
to act as the general partner of the Farallon Funds.  The principal  business of
the Management Company is that of a registered investment adviser. The principal
business of each of the Farallon  Individual  Reporting  Persons is set forth in
Annex 1 hereto.
         (d)      None  of the  Farallon  Funds,  the  Management  Company,  the
Farallon  General Partner or any of the Farallon  Individual  Reporting  Persons
has,  during  the last five  years,  been  convicted  of a  criminal  proceeding
(excluding traffic violations or similar misdemeanors).
         (e)      None  of the  Farallon  Funds,  the  Management  Company,  the
Farallon  General Partner or any of the Farallon  Individual  Reporting  Persons
has, during the last five years,  been party to a civil proceeding of a judicial
or  administrative  body  of  competent  jurisdiction  and as a


                              Page 22 of 39 Pages



result of such proceeding was or is subject to a judgment, decree or final order
enjoining future violations of, or prohibiting or mandating  activities  subject
to,  federal or state  securities  laws or finding any violation with respect to
such laws.
         (f)      The  citizenship of each of the Farallon  Funds,  the Farallon
General  Partner  and the  Management  Company is set forth  above.  Each of the
Farallon Individual Reporting Persons is a citizen of the United States.
         The other  information  required by Item 2 relating to the identity and
background of the Reporting Persons is set forth in Annex 1 hereto.

Item 3.  Source And Amount Of Funds And Other Consideration
------   --------------------------------------------------

         The net investment cost (including  commissions) for the Shares held by
each of the Farallon Funds and the Managed Account is set forth below:


        Entity                Shares Held                 Approximate Net
        ------                -----------                 ----------------
                                                          Investment Cost
                                                          ---------------
        FCP                     101,400                      $557,721
        FCIP                     79,600                      $437,196
        FCIP II                  19,900                      $109,471
        FCIP III                 24,300                      $133,686
        Tinicum                   3,800                       $20,910
        FCOI II                 169,600                      $933,172
        Managed                 192,470                    $1,059,157
         Account

         The consideration  for such  acquisitions was obtained as follows:  (i)
with  respect to FCIP,  FCIP II and FCIP III,  from working  capital;  (ii) with
respect  to FCP,  Tinicum  and  FCOI  II,  from  working  capital,  and/or  from
borrowings  pursuant to margin  accounts  maintained  in the ordinary  course of
business by FCP,  Tinicum and FCOI II at  Goldman,  Sachs & Co.;  and (iii) with
respect to the Managed Account,  from the working capital of the Managed Account
and/or from borrowings  pursuant to margin  accounts  maintained in the ordinary
course of business by the Managed Account at Goldman,  Sachs & Co. FCP, Tinicum,
FCOI II and the Managed Account hold certain securities


                              Page 23 of 39 Pages



in their  respective  margin accounts at Goldman,  Sachs & Co., and the accounts
may from time to time have debit  balances.  It is not possible to determine the
amount of borrowings, if any, used to acquire the Shares.

 Item 4. Purpose Of The Transaction
-------- --------------------------

         The purpose of the acquisition of the Shares is for investment, and the
acquisitions of the Shares by each of the Farallon Funds and the Managed Account
were made in the  ordinary  course of business and were not made for the purpose
of acquiring control of the Company.
         Although  no  Reporting  Person has any  specific  plan or  proposal to
acquire or  dispose of Shares,  consistent  with its  investment  purpose,  each
Reporting Person at any time and from time to time may acquire additional Shares
or dispose of any or all of its Shares  depending upon an ongoing  evaluation of
the investment in the Shares,  prevailing  market  conditions,  other investment
opportunities,  liquidity  requirements  of the  Reporting  Person  and/or other
investment  considerations.   No  Reporting  Person  has  made  a  determination
regarding a maximum or minimum  number of Shares  which it may hold at any point
in time.
         Also,  consistent with their investment  intent,  the Reporting Persons
may engage in communications  with one or more shareholders of the Company,  one
or more  officers  of the  Company  and/or  one or more  members of the board of
directors of the Company regarding the Company, including but not limited to its
operations.
         Except to the extent the  foregoing  may be deemed a plan or  proposal,
none of the  Reporting  Persons has any plans or  proposals  which relate to, or
could result in, any of the matters  referred to in paragraphs  (a) through (j),
inclusive,  of the instructions to Item 4 of Schedule 13D. The Reporting Persons
may,  at any time and from time to time,  review or  reconsider  their  position
and/or change their purpose  and/or  formulate  plans or proposals  with respect
thereto.


                              Page 24 of 39 Pages



Item 5.  Interest In Securities Of The Issuer
------   ------------------------------------

         (a)      The Farallon Funds
                  ------------------

                  (a),(b)  The information set forth in Rows 7 through 13 of the
                           cover  page   hereto  for  each   Farallon   Fund  is
                           incorporated   herein  by  reference  for  each  such
                           Farallon Fund. The percentage amount set forth in Row
                           13 for all cover pages filed  herewith is  calculated
                           based upon the  7,700,000  Shares  outstanding  as of
                           August 15,  2005 as  reported  by the  Company in its
                           Quarterly  Report on Form 10-QSB for the period ended
                           June 30, 2005 filed with the  Securities and Exchange
                           Commission on November 14, 2005.

                  (c)      The trade dates,  number of Shares  purchased or sold
                           and the price per Shares (including  commissions) for
                           all purchases and sales of the Shares by the Farallon
                           Funds in the past 60 days are set forth on  Schedules
                           A-F hereto and are incorporated  herein by reference.
                           All   of   such    transactions    were   open-market
                           transactions.

                  (d)      The Farallon  General Partner has the power to direct
                           the  receipt  of   dividends   relating  to,  or  the
                           disposition  of the  proceeds  of the sale of, all of
                           the Shares  held by the  Farallon  Funds as  reported
                           herein. The Farallon Individual Reporting Persons are
                           managing members of the Farallon General Partner.

                  (e)      Not applicable.

         (b)      The Management Company
                  ----------------------

                  (a),(b)  The information set forth in Rows 7 through 13 of the
                           cover  page  hereto  for the  Management  Company  is
                           incorporated herein by reference.

                  (c)      The trade dates,  number of Shares  purchased or sold
                           and the price per Shares (including  commissions) for
                           all   purchases  and  sales  of  the  Shares  by  the
                           Management  Company on behalf of the Managed  Account
                           in the  past 60 days  are set  forth  on  Schedule  G
                           hereto and are incorporated herein by reference.  All
                           of such transactions were open-market transactions.

                  (d)      The  Management  Company  has the power to direct the
                           receipt of dividends  relating to, or the disposition
                           of the  proceeds  of the sale of,  all of the  Shares
                           held by the Managed Account as reported  herein.  The
                           Farallon  Individual  Reporting  Persons are managing
                           members of the Management Company.

                  (e)      Not applicable.

         (c)      The Farallon General Partner
                  ----------------------------

                  (a),(b)  The information set forth in Rows 7 through 13 of the
                           cover page hereto for the Farallon General Partner is
                           incorporated herein by reference.


                              Page 25 of 39 Pages



                  (c)      None.

                  (d)      The Farallon  General Partner has the power to direct
                           the  receipt  of   dividends   relating  to,  or  the
                           disposition  of the  proceeds  of the sale of, all of
                           the Shares  held by the  Farallon  Funds as  reported
                           herein. The Farallon Individual Reporting Persons are
                           managing members of the Farallon General Partner.

                  (e)      Not applicable.

         (d)      The Farallon Individual Reporting Persons
                  -----------------------------------------

                  (a),(b)  The information set forth in Rows 7 through 13 of the
                           cover  page  hereto  for  each  Farallon   Individual
                           Reporting Person is incorporated  herein by reference
                           for each such Farallon Individual Reporting Person.

                  (c)      None.

                  (d)      The Farallon  General Partner has the power to direct
                           the  receipt  of   dividends   relating  to,  or  the
                           disposition  of the  proceeds  of the sale of, all of
                           the Shares  held by the  Farallon  Funds as  reported
                           herein.  The  Management  Company  has the  power  to
                           direct the receipt of  dividends  relating to, or the
                           disposition  of the  proceeds of the sale of, all the
                           Shares  held  by  the  Managed  Account  as  reported
                           herein. The Farallon Individual Reporting Persons are
                           managing members of both the Farallon General Partner
                           and the Management Company.

                  (e)      Not applicable.

         The Shares reported hereby for the Farallon Funds are owned directly by
the Farallon Funds and those reported by the Management Company on behalf of the
Managed Account are owned directly by the Managed Account.  The Farallon General
Partner,  as general  partner  to the  Farallon  Funds,  may be deemed to be the
beneficial  owner of all such Shares owned by the Farallon Funds. The Management
Company,  as investment adviser to the Managed Account,  may be deemed to be the
beneficial owner of all such Shares owned by the Managed  Account.  The Farallon
Individual  Reporting Persons,  as managing members of both the Farallon General
Partner  and the  Management  Company,  may each be deemed to be the  beneficial
owner of all such Shares  owned by the Farallon  Funds and the Managed  Account.
Each of the Management  Company,  the Farallon  General Partner and the Farallon
Individual  Reporting  Persons hereby disclaims any beneficial  ownership of any
such Shares.

Item 6.  Contracts, Arrangements, Understandings Or
------   ------------------------------------------
         Relationships With Respect To Securities Of The Issuer
         ------------------------------------------------------

         Except  as  described  above,  there  are no  contracts,  arrangements,
understandings or relationships (legal or otherwise) among the Reporting Persons
or between such persons and any other person with respect to any  securities  of
the  Company,  including  but not  limited  to the  transfer


                              Page 26 of 39 Pages



or voting of any securities of the Company,  finder's fees, joint ventures, loan
or option  arrangements,  puts or calls,  guarantees  of profits,  divisions  of
profits or loss, or the giving or withholding of proxies.

Item 7.  Materials To Be Filed As Exhibits
------   ---------------------------------

         There is filed  herewith as Exhibit 1 a written  agreement  relating to
the filing of joint acquisition  statements as required by Section  240.13d-1(k)
under the Securities Exchange Act of 1934, as amended.















                              Page 27 of 39 Pages




                                   SIGNATURES
                                   ----------

         After  reasonable  inquiry and to the best of our knowledge and belief,
the  undersigned  certify that the  information  set forth in this  statement is
true, complete and correct.

Dated:  November 30, 2005


                         /s/ Monica R. Landry
                   ----------------------------------------
                   FARALLON PARTNERS, L.L.C.,
                   On its own behalf and
                   as the General Partner of
                   FARALLON CAPITAL PARTNERS, L.P.,
                   FARALLON CAPITAL INSTITUTIONAL PARTNERS, L.P.,
                   FARALLON CAPITAL INSTITUTIONAL PARTNERS II, L.P.,
                   FARALLON CAPITAL INSTITUTIONAL PARTNERS III, L.P.,
                   TINICUM PARTNERS, L.P.,
                   and FARALLON CAPITAL OFFSHORE INVESTORS II, L.P.
                   By Monica R. Landry,
                   Managing Member


                         /s/ Monica R. Landry
                   ----------------------------------------
                   FARALLON CAPITAL MANAGEMENT, L.L.C.
                   By Monica R. Landry,
                   Managing Member


                         /s/ Monica R. Landry
                   ----------------------------------------
                   Monica R. Landry, individually and as attorney-in-fact
                   for each of Chun R. Ding, William F. Duhamel,
                   Charles E. Ellwein, Richard B. Fried, William F. Mellin,
                   Stephen L. Millham, Rajiv A. Patel, Derek C. Schrier,
                   Thomas F. Steyer and Mark C. Wehrly.

         The Powers of  Attorney,  each  executed  by  Duhamel,  Fried,  Mellin,
Millham, Steyer and Wehrly authorizing Landry to sign and file this Schedule 13D
on each person's  behalf,  which were filed with Amendment No. 2 to the Schedule
13D filed with the Securities and Exchange  Commission on July 16, 2003, by such
Reporting  Persons  with  respect  to the Common  Stock of New World  Restaurant
Group,  Inc.,  are hereby  incorporated  by  reference.  The Powers of  Attorney
executed  by each of Ding and Schrier  authorizing  Landry to sign and file this
Schedule 13D on his behalf, which was filed with Amendment No. 1 to the Schedule
13D filed with the Securities  and Exchange  Commission on July 2, 2003, by such
Reporting  Person  with  respect to the Common  Stock of Salix  Pharmaceuticals,
Ltd., is hereby  incorporated by reference.  The Powers of Attorney  executed by
each of Ellwein and Patel authorizing  Landry to sign and file this Schedule 13D
on his behalf,  which was filed with  Amendment  No. 4 to the Schedule 13G filed
with the Securities and


                              Page 28 of 39 Pages




Exchange  Commission on January 8, 2004 by such Reporting Person with respect to
the Common Stock of Catalytica Energy Systems,  Inc., is hereby  incorporated by
reference.

















                              Page 29 of 39 Pages


                                                                         ANNEX 1


         Set forth below with respect to the Management Company and the Farallon
General  Partner  is the  following  information:  (a) name;  (b)  address;  (c)
principal business; (d) state of organization;  and (e) controlling persons. Set
forth below with respect to each  Farallon  Individual  Reporting  Person is the
following information: (a) name; (b) business address; (c) principal occupation;
and (d) citizenship.

1.       The Management Company
         ----------------------

         (a)      Farallon Capital Management, L.L.C.
         (b)      One Maritime Plaza, Suite 1325
                  San Francisco, California  94111
         (c)      Serves as investment adviser to various managed accounts
         (d)      Delaware limited liability company
         (e)      Managing Members: Thomas F. Steyer, Senior Managing Member;
                  Chun R. Ding, William F. Duhamel, Charles E. Ellwein, Richard
                  B. Fried, Monica R. Landry, William F. Mellin, Stephen L.
                  Millham, Rajiv A. Patel, Derek C. Schrier and Mark C. Wehrly,
                  Managing Members.

2.       The Farallon General Partner
         ----------------------------

         (a)      Farallon Partners, L.L.C.
         (b)      c/o Farallon Capital Management, L.L.C.
                  One Maritime Plaza, Suite 1325
                  San Francisco, California  94111
         (c)      Serves as general partner to investment partnerships
         (d)      Delaware limited liability company
         (e)      Managing Members: Thomas F. Steyer, Senior Managing Member;
                  Chun R. Ding, William F. Duhamel, Charles E. Ellwein, Richard
                  B. Fried, Monica R. Landry, William F. Mellin, Stephen L.
                  Millham, Rajiv A. Patel, Derek C. Schrier and Mark C. Wehrly,
                  Managing Members.

3.       The Farallon Individual Reporting Persons
         -----------------------------------------

         Each of the Farallon  Individual  Reporting  Persons is a United States
         citizen  whose  business  address is c/o Farallon  Capital  Management,
         L.L.C.,  One Maritime  Plaza,  Suite 1325,  San  Francisco,  California
         94111.  The  principal  occupation  of Thomas F.  Steyer is  serving as
         senior managing member of both the Management  Company and the Farallon
         General  Partner.  The  principal  occupation  of each  other  Farallon
         Individual Reporting Person is serving as a managing member of both the
         Management  Company  and  the  Farallon  General  Partner.  None of the
         Farallon Individual  Reporting Persons have any additional  information
         to disclose  with  respect to Items 2-6 of the Schedule 13D that is not
         already disclosed in the Schedule 13D.


                              Page 30 of 39 Pages



                                   SCHEDULE A
                                   ----------

                         FARALLON CAPITAL PARTNERS, L.P.
                         -------------------------------

                                  NO. OF SHARES              PRICE
         TRADE DATE                PURCHASED              PER SHARE ($)
        ------------              -----------            --------------
         11/7/2005                  3,300                    5.37
        11/10/2005                    800                    5.42
        11/14/2005                  1,700                    5.42
        11/15/2005                  6,000                    5.43
        11/15/2005                  4,800                    5.44
        11/17/2005                 27,700                    5.52
        11/18/2005                  7,600                    5.52
        11/21/2005                 12,400                    5.52
        11/21/2005                 37,100                    5.51





                              Page 31 of 39 Pages





                                   SCHEDULE B
                                   ----------

                  FARALLON CAPITAL INSTITUTIONAL PARTNERS, L.P.
                  ---------------------------------------------

                                  NO. OF SHARES              PRICE
         TRADE DATE                PURCHASED              PER SHARE ($)
        ------------              -----------            --------------
         11/7/2005                  5,700                    5.37
        11/10/2005                  1,400                    5.42
        11/14/2005                  2,600                    5.42
        11/15/2005                  4,700                    5.43
        11/15/2005                  3,800                    5.44
        11/17/2005                 23,900                    5.52
        11/18/2005                  6,700                    5.52
        11/21/2005                  7,700                    5.52
        11/21/2005                 23,100                    5.51






                              Page 32 of 39 Pages





                                   SCHEDULE C
                                   ----------

                FARALLON CAPITAL INSTITUTIONAL PARTNERS II, L.P.
                ------------------------------------------------

                                  NO. OF SHARES              PRICE
         TRADE DATE                PURCHASED              PER SHARE ($)
        ------------              -----------            --------------
         11/7/2005                    700                    5.37
        11/10/2005                    200                    5.42
        11/14/2005                    300                    5.42
        11/15/2005                  1,000                    5.43
        11/15/2005                    800                    5.44
        11/17/2005                  5,400                    5.52
        11/18/2005                  1,800                    5.52
        11/21/2005                  2,400                    5.52
        11/21/2005                  7,300                    5.51









                              Page 33 of 39 Pages





                                   SCHEDULE D
                                   ----------

                FARALLON CAPITAL INSTITUTIONAL PARTNERS III, L.P.
                -------------------------------------------------

                                  NO. OF SHARES              PRICE
         TRADE DATE                PURCHASED              PER SHARE ($)
        ------------              -----------            --------------

         11/7/2005                    800                    5.37
        11/10/2005                    200                    5.42
        11/14/2005                    300                    5.42
        11/15/2005                  1,300                    5.43
        11/15/2005                  1,000                    5.44
        11/17/2005                  6,500                    5.52
        11/18/2005                  2,200                    5.52
        11/21/2005                  9,000                    5.51
        11/21/2005                  3,000                    5.52









                              Page 34 of 39 Pages





                                   SCHEDULE E
                                   ----------

                             TINICUM PARTNERS, L.P.
                             ----------------------


                                  NO. OF SHARES              PRICE
         TRADE DATE                PURCHASED              PER SHARE ($)
        ------------              -------------          --------------

         11/7/2005                    100                    5.37
        11/14/2005                    100                    5.42
        11/15/2005                    200                    5.43
        11/15/2005                    100                    5.44
        11/17/2005                    800                    5.52
        11/18/2005                    200                    5.52
        11/21/2005                  1,700                    5.51
        11/21/2005                    600                    5.52




                              Page 35 of 39 Pages





                                   SCHEDULE F
                                   ----------

                  FARALLON CAPITAL OFFSHORE INVESTORS II, L.P.
                  --------------------------------------------

                                  NO. OF SHARES              PRICE
         TRADE DATE                PURCHASED              PER SHARE ($)
        ------------              -------------          --------------

         11/7/2005                  4,800                    5.37
        11/10/2005                  1,200                    5.42
        11/14/2005                  2,400                    5.42
        11/15/2005                  8,500                    5.43
        11/15/2005                  6,800                    5.44
        11/17/2005                 41,200                    5.52
        11/18/2005                 12,400                    5.52
        11/21/2005                 69,200                    5.51
        11/21/2005                 23,100                    5.52










                              Page 36 of 39 Pages



                                   SCHEDULE G
                                   ----------

                       FARALLON CAPITAL MANAGEMENT, L.L.C.
                       -----------------------------------


                                  NO. OF SHARES              PRICE
         TRADE DATE                PURCHASED              PER SHARE ($)
        ------------              -------------          --------------

         11/7/2005                  4,600                    5.37
        11/10/2005                  1,200                    5.42
        11/14/2005                  2,600                    5.42
        11/15/2005                  9,800                    5.43
        11/15/2005                  7,700                    5.44
        11/17/2005                 48,570                    5.52
        11/18/2005                 14,600                    5.52
        11/21/2005                 25,800                    5.52
        11/21/2005                 77,600                    5.51







                              Page 37 of 39 Pages





                                  EXHIBIT INDEX


EXHIBIT 1                        Joint Acquisition Statement Pursuant to Section
                                 240.13d-1(k)

















                              Page 38 of 39 Pages





                                                                       EXHIBIT 1
                                                                              to
                                                                    SCHEDULE 13D


                           JOINT ACQUISITION STATEMENT
                        PURSUANT TO SECTION 240.13d-1(k)
                        --------------------------------

         The undersigned  acknowledge and agree that the foregoing  statement on
Schedule  13D is  filed  on  behalf  of each of the  undersigned  and  that  all
subsequent amendments to this statement on Schedule 13D shall be filed on behalf
of each of the  undersigned  without the  necessity of filing  additional  joint
acquisition   statements.   The  undersigned  acknowledge  that  each  shall  be
responsible for the timely filing of such  amendments,  and for the completeness
and accuracy of the information concerning him, her or it contained therein, but
shall not be responsible  for the  completeness  and accuracy of the information
concerning the other  entities or persons,  except to the extent that he, she or
it knows or has reason to believe that such information is inaccurate.

Dated:  November 30, 2005


                         /s/ Monica R. Landry
                    ----------------------------------------
                    FARALLON PARTNERS, L.L.C.,
                    On its own behalf and
                    as the General Partner of
                    FARALLON CAPITAL PARTNERS, L.P.,
                    FARALLON CAPITAL INSTITUTIONAL PARTNERS, L.P.,
                    FARALLON CAPITAL INSTITUTIONAL PARTNERS II, L.P.,
                    FARALLON CAPITAL INSTITUTIONAL PARTNERS III, L.P.,
                    TINICUM PARTNERS, L.P.,
                    and FARALLON CAPITAL OFFSHORE INVESTORS II, L.P.
                    By Monica R. Landry,
                    Managing Member


                         /s/ Monica R. Landry
                    ----------------------------------------
                    FARALLON CAPITAL MANAGEMENT, L.L.C.
                    By Monica R. Landry,
                    Managing Member


                         /s/ Monica R. Landry
                    ----------------------------------------
                    Monica R. Landry, individually and as attorney-in-fact for
                    each of  Chun R. Ding, William F. Duhamel,
                    Charles E. Ellwein, Richard B. Fried, William F. Mellin,
                    Stephen L. Millham, Rajiv A. Patel, Derek C. Schrier,
                    Thomas F. Steyer and Mark C. Wehrly.



                              Page 39 of 39 Pages