RE: Power/gas trading structure

Hi

Steve is likely the right person - good luck

Elizabeth Sager
713-853-6349

-----Original Message-----
From: Mann, Kay
Sent: Friday, October 05, 2001 10:25 AM
To: Sager, Elizabeth; Hodge, Jeffrey T.
Cc: Mellencamp, Lisa
Subject: Power/gas trading structure

We are re-evaluating the EBS trading structure. Currently, EBS uses a series of LLP's to minimize/avoid Texas franchise tax. I detest LLP structures, as they can be hard to maintain; Lisa feels the same. Our EBS tax contact (Wayne Gardner) advises us that ENA/EPMI handle the franchise tax issue with some form of out-of-state swap, or something along that line. I'm looking for a contact person who might know something about it. I'm guessing Stephen Douglas is a good prospect, although I understand he is out. Any thoughts/suggestions/cautions?

Thanks,

Kay