Enron Mail

From:kay.mann@enron.com
To:lisa.bills@enron.com, roseann.engeldorf@enron.com, herman.manis@enron.com
Subject:LLC structure for power development
Cc:ben.jacoby@enron.com
Bcc:ben.jacoby@enron.com
Date:Wed, 23 May 2001 06:53:00 -0700 (PDT)

Question for the team:

If it appears that we may have land which may not be able to stay off balance
sheet, is it preferable to have the land held by a different LLC than the
project LLC, with a lease to the E-Next/OBS compliant project co?

If that is the case, what about the possibility of burdening the land with
some low dollar hard costs? I don't have anything in particular in mind, it
is more of a theoretical question.

Thanks,

Kay