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From:pross@cmta.net
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Subject:CMTA TAX/GR & Generators: Windfall Profits tax Thurs. meeting
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Date:Wed, 2 May 2001 08:23:00 -0700 (PDT)

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TO:????????? Kassandra Gough--Calpine
??????????????? Chris Micheli--Carpenter Snodgrass
??????????????? Carolyn Baker--Duke Energy
??????????????? Anne Kelly--Duke Energy
??????????????? David Parquet--Enron
??????????????? Jeff Dasovitch--Enron
??????????????? Tom Allen--Mirant
??????????????? John Stout--Reliant Energy
??????????????? Scott Sadler--Reliant Energy
??????????????? Fred Pownal--Kahl/Pownall Advocates
??????????????? Fred Main--California Chamber of Commerce
??????????????? Greg Turner--Cal Tax
??????????????? Katie Kaplan--IEP
??????????????? Matt Sutton--AEA
??????????????? CMTA Energy Committee
??????????????? CMTA Tax Committee
??????????????? CMTA Government Relations Committee

FROM:?? Carrie-Lee Coke/Pam Ross

RE:???????? Friday, May 4 meeting at 1:30 pm in the CMTA conference room to
discuss Windfall Profits Tax bills

Due to a scheduling conflict, we are changing our Thursday, 2:00 pm meeting
to Friday, May 4 at 1:30 pm.

As most of you are aware, CMTA is opposing legislation designed to impose a
Windfall Profits Tax on electricity generator
companies.? The bills are SBX1 1 (Soto) and ABX1 128 (Corbett).? Please note
that the Soto bill pertains to co-generators as
well as entities exclusively in the power business.? That means that many of
you would be directly effected.? The other primary
basis for opposition is that the bills would inhibit electrical supply.?
Please also note that, to the extent that SBX1 1 (Soto) were
operative, it would impose the "windfall cost" on business taxpayers who
would fund the credit given to personal income tax
taxpayers.

You are invited to our lobbying strategy meeting which will be here at CMTA's
offices at 980 9th Street, Suite 2200
on Friday, May 4 at 1:30 pm.? Please RSVP to Pam Ross at 916-498-3320 or
pross@cmta.net.

There is a call in number as follows:
Access number:? 1-888-727-8686
Conference ID:?? 900 1325#