Gentlemen:

In connection with an analysis of the tax issues presented by the E-commerce
program, it is important that all Enron entities to participate in such
system (as well the products to be traded by such entities) be compiled.
London has undertaken this with respect to Europe (and, shortly, Singapore).
I have undertaken to coordinate this with respect to North America.  Thus, if
you could send me a list of North American Enron entities to be incorporated
in the E-commerce program (and the products they will trade) I can then
undertake to determine what issues such presents.  In this regard, I will
coordinate with ECT-Legal in North America to verify that the manner such
entities are to be incorporated into the E-commerce program does not trigger
unplanned for tax consequences.

In addition, it would be helpful to obtain copies of the form of agreements
to be entered into by counterparties prior to such parties being granted
access to the E-commerce system (i.e., the form of on-line access agreements
and any agreements ancilliary thereto).  These agreements are important to
the tax analysis of the E-commerce program because the manner such agreements
are to be entered into may implicate tax nexus concerns that we will want to
work to mitigate (for example, if it is contemplated that all such on-line
agreements are to be administratively executed by a single entity
("Administrative Entity") on behalf of each Enron trading entity
participating in the E-commerce system, such process could expose the Enron
trading entity to tax exposure in the jurisdiction in which the
Administrative Entity is located - obviously, this may be more complicated if
it is uncertain where such Administrative Entity is located).

Finally, it is understood that the manner in which trading is to be effected
through the E-commerce system is such that the Enron trading entity
established as the entity to trade with a particular counterparty will be the
only such Enron entity transacting business with such counterparty.  In this
regard, therefore, it is not contemplated that one Enron trading entity will
transact in part with a counterparty and that another Enron trading entity
will complete such trade (for example, it will not be possible for a
counterparty to obtain an agreement with respect to a particular product with
EEL that will then be supplied by ECT - though this may occur on occasion in
a fashion no different that is currently the case).  Please notify me in the
event that this understanding is not correct so that we can plan to mitigate
the potential tax issues that will be raised if trading is to occur otherwise
(in this regard, as was discussed on Tuesday with Dave Mally and David Port,
if a trade is transacted in a manner whereby one Enron entity executes a
transaction and fulfills the requirements of such by purchasing inventory
from another Enron entity, the income derived in such transaction is
potentially subject to taxation in multiple tax jurisdictions).

Please contact either myself at x30938 or, if I am unavailable, Jeff
Blumenthal at x35777 in Houston with any follow-up questions.  Best regards.


If I remember correctly, the volumes were equivalent to something like .5MW. Sort of off our radar screen, and now that EPMI no longer has its TX tag position, hard to believe that we'd be the low-cost bid. Have you come across anything on the supply side in NV? Jesse, can you check once again with Foster and see if any of his Cali biomass guys have NV positions?

 -----Original Message-----
From: 	Ring, Richard
Sent:	Monday, November 05, 2001 11:11 AM
To:	Mainzer, Elliot
Subject:	FW: EPA RFI

Elliot,

What are your thoughts?  From the wholesale perspective do we have anything to offer to EPA?

Richard

 -----Original Message-----
From: 	Ring, Richard
Sent:	Monday, November 05, 2001 1:01 PM
To:	Quigley, Kay
Cc:	McCarthy, John
Subject:	RE: EPA RFI

Kay,

I was informed that EESI is no longer interested in doing "any" deals that involve the Federal Government.  Do you have any insight?

Regards,

Richard

 -----Original Message-----
From: 	Quigley, Kay
Sent:	Monday, November 05, 2001 10:04 AM
To:	Ring, Richard
Subject:	EPA RFI

Richard - I will need your help on responding to this request- there are a lot of questions
I cannot field. I can provide the fixed gen pricing for the building with LF 65%, however all
the other questions center around renewable questions. You will need to take lead on majority.
John McCarthy works in EES and prepares formal responses to inquiries of this nature
If you can help him with those questions, he is very quick at putting the general info needed on Enron
together and putting in a nice binded document with very speedy turnaround
Let me know how you want to proceed- it's due 11/9
thanks
Kq


thats fine. just call me before you go

 -----Original Message-----
From: 	Morrow, Cynthia
Sent:	Monday, October 01, 2001 5:17 PM
To:	Storey, Geoff
Subject:	Office Clean Up

I talked to Karen and arranged for us to go clean out Dad's office Wednesday afternoon.  Let me know if this doesn't work for you.