FW: BAMMEL AD VALORUM TAX

Brian: Please see last two entries.

-----Original Message-----
From: Ryan, Ted
Sent: Friday, May 11, 2001 10:54 AM
To: Schick, Warren
Cc: Schwieger, Jim
Subject: FW: BAMMEL AD VALORUM TAX

I would like to meet with you Monday to address this issue.

-----Original Message-----
From: Schwieger, Jim
Sent: Friday, May 11, 2001 8:29 AM
To: Ryan, Ted
Cc: Redmond, Brian
Subject: FW: BAMMEL AD VALORUM TAX

Ted: Please respond to Brian's question on when the Ad Val Tax is paid. Please "cc" me on your answer also.

Thanks, Jim

-----Original Message-----
From: Redmond, Brian
Sent: Thursday, May 10, 2001 6:11 PM
To: Schwieger, Jim; Colwell, Wes; Coffey, James; Ryan, Ted
Cc: Martin, Thomas A.
Subject: RE: BAMMEL AD VALORUM TAX

When is this tax due? If it is paid at the end of the year - it is 100% for the account of AEP.

Brian

-----Original Message-----
From: Schwieger, Jim
Sent: Thursday, May 10, 2001 4:34 PM
To: Redmond, Brian; Colwell, Wes; Coffey, James; Ryan, Ted
Cc: Martin, Thomas A.; Schwieger, Jim
Subject: BAMMEL AD VALORUM TAX

As we draw near to the HPL transfer to AEP on June 1, I wanted to remind everyone about the Bammel Ad Valorum Tax. As we discussed earlier this year the Tax needs to be split between Enron and AEP based on the number of months ownership during the year. Since the actual liability is not likely to be known until August or September
I assume both parties will have to reach agreement as to how to handle this matter.