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From:jmunoz@mcnallytemple.com
To:abb@eslawfirm.com, andybrwn@earthlink.net, cabaker@duke-energy.com,rescalante@riobravo-gm.com, rbw@mrwassoc.com, curtis_l_kebler@reliantenergy.com, dean.nistetter@dynegy.com, dkk@eslawfirm.com, gtbl@dynegy.com, smutny@iepa.com, jeff.dasovich@enron.c
Subject:State Board of Equalization Decision Stands in the Way of New Power
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Date:Thu, 21 Jun 2001 06:44:00 -0700 (PDT)

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Contact: ?Jean Munoz ???????????????????????FOR IMMEDIATE RELEASE
???????????????916-447-8186 ???????????????????June 21, 2001


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State Board of Equalization Decision Stands in the Way of New Power Supplie=
s=20
Decision opposed by local governments, tax-payers



???The State Board of Equalization voted 5-0 Wednesday to usurp local contr=
ol=20
over tax assessments of electrical corporations =01. undermining current lo=
cal=20
incentives to welcome and site desperately needed power supplies in=20
California.=20

???"This decision defies logic =01. creating yet one more barrier, and more=
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uncertainty, for developers proposing to build desperately needed electrici=
ty=20
generation in California," said Jan Smutny-Jones, Executive Director of the=
=20
Independent Energy Producers Association. ?

???The Board?s action, if not found unconstitutional, removes many of the=
=20
incentives local governments have in siting new power plants by shifting=20
assessment authority from local governments to the state =01. potentially=
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distrupting the traditional revenue flow to local communities. ?

???This change was opposed by all the host local communities, the Californi=
a=20
Tax Assessors Association, the Kern County Tax Assessors, the Los Angeles T=
ax=20
Assessors, and Cal-Tax.
=20

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# ????????# ????????#
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