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Enron Mail |
Thought you might find this interesting
-----Original Message----- From: "JOHN KLAUBERG" <JKLAUBER@LLGM.COM<@ENRON [mailto:IMCEANOTES-+22JOHN+20KLAUBERG+22+20+3CJKLAUBER+40LLGM+2ECOM+3E+40ENRON@ENRON.com] Sent: Friday, June 22, 2001 9:19 AM To: Sager, Elizabeth Subject: Comment re: CDWR CALIF. DWR AGREES TO FOOT WINDFALL PROFITS TAX FOR SOME Some generators that have reached long-term contract deals with California will not have to pay a windfall profits tax if it's approved by the legislature, reports Dow Jones Newswires after an state Senate Energy Committee hearing yesterday. Instead, the Dept. of Water Resources will foot the bill. DWR director Ray Hart told lawmakers: "In some of our contracts, in order to preserve economics, we had to assure (generators) that we were not going to tax them." Critics said it didn't make sense since the state would essentially be taxing itself. One official with Dynegy Inc. said dealing with the DWR "was like playing poker with a second grader" since the agency seemed willing to "give up a lot" (Dow Jones Newswires, Jun. 21). John Klauberg LeBoeuf, Lamb, Greene & MacRae, L.L.P. 212 424-8125 john.klauberg@llgm.com ============================================================================== This e-mail, including attachments, contains information that is confidential and may be protected by the attorney/client or other privileges. This e-mail, including attachments, constitutes non-public information intended to be conveyed only to the designated recipient(s). If you are not an intended recipient, please delete this e-mail, including attachments, and notify me. The unauthorized use, dissemination, distribution or reproduction of this e-mail, including attachments, is prohibited and may be unlawful. ==============================================================================
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