Re: Windfall Profit Tax

I need to check more, but here's my take. Politically---very popular with
legislators; very easy to pass, etc. However, it would be so complicated to
implement and is very likely in conflict with so many federal laws, that I
think they'll have an extremely difficult time pulling it off. In addition,
the utilities (whose retained generation collected a big portion of the
"windfall" selling through the PX) would be subject to a big tax hit. Would
that push them into bankruptcy? In short, easy to pass politically, pretty
difficult to make stick legally. This help?

You still have your PCG position?

Best,
Jeff

Michelle D Cisneros@ECT
04/04/2001 03:24 PM

To: Jeff Dasovich/NA/Enron@Enron
cc:
Subject: Windfall Profit Tax

How real is this and how much support is there behind this. Will it be
introduced today? When might it be voted on?

Thanks,
michelle