Enron Mail

From:kay.mann@enron.com
To:rhett.jackson@enron.com
Subject:Pegasus
Cc:
Bcc:
Date:Tue, 3 Apr 2001 06:28:00 -0700 (PDT)

Hi Rhett, I'm working on one of these turbine transfers via the sale of 80%
of the equity of the LLC. I'll forward the operative docs to you right
away. In any event, here's a change the counterparty wants to the tax
language in the letter agreement.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/03/2001 01:26
PM ---------------------------


"Pepe-Robbins, Suzanne M." <suzannepepe@paulhastings.com< on 04/03/2001
01:17:03 PM
To: "'kay.mann@enron.com'" <kay.mann@enron.com<, "'ccampbell@kslaw.com'"
<ccampbell@kslaw.com<
cc: "Lang, Gregory F." <gregorylang@paulhastings.com<

Subject: Pegasus

Hi, attached is draft language:

"substantially in the form attached hereto as Exhibit A, provided that the
LLC Agreement may differ from such form in such respects (which may or may
not be substantial, but which shall not affect the economic rights of the
parties thereto) as may be necessary or desirable to properly reflect
[Pegasus as the sole owner] [the treatment] of the LLC for federal income tax
purposes"

Please feel free to call me with any questions.
_____________
Suzanne Pepe
Paul, Hastings, Janofsky & Walker LLP
1055 Washington Blvd.
Stamford, Connecticut 06901
Note New E-Mail suzannepepe@paulhastings.com
Phone: (203) 961-7432
Fax (general): (203) 359-3031
Fax (dedicated): (203) 674-7632

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