Message-ID: <28204040.1075860339925.JavaMail.evans@thyme>
Date: Thu, 5 Apr 2001 03:38:00 -0700 (PDT)
From: susan.mara@enron.com
To: alan.comnes@enron.com, angela.schwarz@enron.com, beverly.aden@enron.com, 
	bill.votaw@enron.com, brenda.barreda@enron.com, 
	carol.moffett@enron.com, cathy.corbin@enron.com, 
	chris.foster@enron.com, christina.liscano@enron.com, 
	christopher.calger@enron.com, craig.sutter@enron.com, 
	dan.leff@enron.com, debora.whitehead@enron.com, 
	dennis.benevides@enron.com, don.black@enron.com, 
	douglas.huth@enron.com, edward.sacks@enron.com, 
	eric.melvin@enron.com, erika.dupre@enron.com, evan.hughes@enron.com, 
	fran.deltoro@enron.com, gayle.muench@enron.com, 
	ginger.dernehl@enron.com, gordon.savage@enron.com, 
	harold.buchanan@enron.com, harry.kingerski@enron.com, 
	iris.waser@enron.com, james.steffes@enron.com, james.lewis@enron.com, 
	james.wright@enron.com, jeff.messina@enron.com, 
	jeremy.blachman@enron.com, jess.hewitt@enron.com, 
	joe.hartsoe@enron.com, karen.denne@enron.com, kathy.bass@enron.com, 
	kathy.dodgen@enron.com, ken.gustafson@enron.com, 
	kevin.hughes@enron.com, leasa.lopez@enron.com, 
	leticia.botello@enron.com, mark.muller@enron.com, 
	marsha.suggs@enron.com, marty.sunde@enron.com, 
	meredith.eggleston@enron.com, michael.etringer@enron.com, 
	michael.mann@enron.com, michelle.cisneros@enron.com, 
	mpalmer@enron.com, neil.bresnan@enron.com, neil.hong@enron.com, 
	paul.kaufman@enron.com, richard.zdunkewicz@enron.com, 
	richard.leibert@enron.com, richard.shapiro@enron.com, 
	rita.hennessy@enron.com, robert.badeer@enron.com, 
	rosalinda.tijerina@enron.com, sandra.mccubbin@enron.com, 
	sarah.novosel@enron.com, scott.gahn@enron.com, 
	scott.stoness@enron.com, sharon.dick@enron.com, skean@enron.com, 
	susan.mara@enron.com, tanya.leslie@enron.com, tasha.lair@enron.com, 
	ted.murphy@enron.com, terri.greenlee@enron.com, tim.belden@enron.com, 
	tony.spruiell@enron.com, vicki.sharp@enron.com, 
	vladimir.gorny@enron.com, wanda.curry@enron.com, 
	william.bradford@enron.com, jubran.whalan@enron.com, 
	triley@enron.com, richard.sanders@enron.com, 
	robert.williams@enron.com, dwatkiss@bracepatt.com, 
	rcarroll@bracepatt.com, donna.fulton@enron.com, gfergus@brobeck.com, 
	bruno.gaillard@enron.com, linda.robertson@enron.com, ren@enron.com, 
	lazure@enron.com, michael.tribolet@enron.com, 
	phillip.allen@enron.com, christian.yoder@enron.com, 
	jklauber@llgm.com, tamara.johnson@enron.com, mary.hain@enron.com, 
	greg.wolfe@enron.com, jeff.dasovich@enron.com, 
	dirk.vanulden@enron.com, steve.walker@enron.com, 
	james.wright@enron.com, mike.smith@enron.com, 
	richard.shapiro@enron.com, leslie.lawner@enron.com, 
	robert.neustaedter@enron.com, steve.walton@enron.com, 
	psmith3@enron.com, mjackso7@enron.com, janel.guerrero@enron.com, 
	mark.fillinger@enron.com, jennifer.rudolph@enron.com, 
	martin.wenzel@enron.com, wgang@enron.com, joseph.alamo@enron.com, 
	tracy.ngo@enron.com, ray.alvarez@enron.com, steve.hall@enron.com, 
	david.leboe@enron.com, jay.zoellner@enron.com, 
	fatimata.liamidi@enron.com, sonia.perez@enron.com
Subject: Update on Senate Windfall Profits tax lang. -- from IEP
Mime-Version: 1.0
Content-Type: text/plain; charset=us-ascii
Content-Transfer-Encoding: 7bit
X-From: Susan J Mara
X-To: Alan Comnes, Angela Schwarz, Beverly Aden, Bill Votaw, Brenda Barreda, Carol Moffett, Cathy Corbin, Chris H Foster, Christina Liscano, Christopher F Calger, Craig H Sutter, Dan Leff, Debora Whitehead, Dennis Benevides, Don Black, Douglas Huth, Edward Sacks, Eric Melvin, Erika Dupre, Evan Hughes, Fran Deltoro, Gayle W Muench, Ginger Dernehl, Gordon Savage, Harold G Buchanan, Harry Kingerski, Iris Waser, James D Steffes, James W Lewis, James Wright, Jeff Messina, Jeremy Blachman, Jess Hewitt, Joe Hartsoe, Karen Denne, Kathy Bass, Kathy Dodgen, Ken Gustafson, Kevin Hughes, Leasa Lopez, Leticia Botello, Mark S Muller, Marsha Suggs, Marty Sunde, Meredith M Eggleston, Michael Etringer, Michael Mann, Michelle D Cisneros, mpalmer@enron.com, Neil Bresnan, Neil Hong, Paul Kaufman, Richard L Zdunkewicz, Richard Leibert, Richard Shapiro, Rita Hennessy, Robert Badeer, Rosalinda Tijerina, Sandra McCubbin, Sarah Novosel, Scott Gahn, Scott Stoness, Sharon Dick, skean@enron.com, Susan J Mara, Tanya Leslie, Tasha Lair, Ted Murphy, Terri Greenlee, Tim Belden, Tony Spruiell, Vicki Sharp, Vladimir Gorny, Wanda Curry, William S Bradford, Jubran Whalan, triley@enron.com, Richard B Sanders, Robert C Williams, dwatkiss@bracepatt.com, rcarroll@bracepatt.com, Donna Fulton, gfergus@brobeck.com, Bruno Gaillard, Linda Robertson, Ren, Lazure, Michael Tribolet, Phillip K Allen, Christian Yoder, jklauber@llgm.com, Tamara Johnson, Mary Hain, Greg Wolfe, Jeff Dasovich, Dirk vanUlden, Steve Walker, James Wright, Mike D Smith, Richard Shapiro, Leslie Lawner, Robert Neustaedter, Steve Walton, psmith3@enron.com, mjackso7@enron.com, Janel Guerrero, Mark Fillinger, Jennifer Rudolph, Martin Wenzel, wgang@enron.com, Joseph Alamo, Tracy Ngo, Ray Alvarez, Steve C Hall, David Leboe, Jay Zoellner, Fatimata Liamidi, Sonia Perez
X-cc: 
X-bcc: 
X-Folder: \Mary_Hain_Aug2000_Jul2001\Notes Folders\All documents
X-Origin: Hain-M
X-FileName: mary-hain.nsf



Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854
----- Forwarded by Susan J Mara/NA/Enron on 04/05/2001 08:37 AM -----

	"Steven Kelly" <steven@iepa.com>
	04/04/2001 05:47 PM
		 
		 To: "'Alex Sugaoka (E-mail)'" <alex.sugaoka@uaecorp.com>, "'Bill Carlson 
(E-mail)'" <william_carlson@wastemanagement.com>, "'Bill Woods (E-mail)'" 
<billw@calpine.com>, "'Bob Ellery (E-mail)'" <bellery@spi-ind.com>, "'Bob 
Escalante (E-mail)'" <rescalante@riobravo-gm.com>, "'Bob Gates (E-mail)'" 
<bob.gates@enron.com>, "Bob Szymanski (E-mail)" 
<rjszymanski@powerworksinc.com>, "'Carolyn A Baker (E-mail)'" 
<cabaker@duke-energy.com>, "'Cody Carter (E-mail)'" 
<cody.carter@williams.com>, "'Curt Hatton (E-mail)'" 
<Curt.Hatton@gen.pge.com>, "'Curtis Kebler (E-mail)'" 
<curtis_l_kebler@reliantenergy.com>, "'David Parquet'" 
<david.parquet@enron.com>, "'Dean Gosselin (E-mail)'" 
<dean_gosselin@fpl.com>, "'Doug Fernley (E-mail)'" 
<fernley.doug@epenergy.com>, "'Douglas Kerner (E-mail)'" <dkk@eslawfirm.com>, 
"'Duane Nelsen (E-mail)'" <dnelsen@gwfpower.com>, "'Ed Tomeo (E-mail)'" 
<ed.tomeo@uaecorp.com>, "'Eileen Koch (E-mail)'" <eileenk@calpine.com>, 
"'Eric Eisenman (E-mail)'" <eric.eisenman@gen.pge.com>, "'Frank DeRosa 
(E-mail)'" <frank.derosa@gen.pge.com>, "Frazier Blaylock (E-mail)" 
<fblaylock@covantaenergy.com>, "'Greg Blue (E-mail)'" <gtbl@dynegy.com>, 
"'Hap Boyd (E-mail)'" <Hap_Boyd@enron.com>, "'Hawks Jack (E-mail)'" 
<jack.hawks@gen.pge.com>, "'Jack Pigott (E-mail)'" <jackp@calpine.com>, "'Jim 
Willey (E-mail)'" <elliottsa@earthlink.net>, "'Joe Greco (E-mail)'" 
<jgreco@caithnessenergy.com>, "'Joe Ronan (E-mail)'" <joer@calpine.com>, 
"'John Stout (E-mail)'" <john_h_stout@reliantenergy.com>, "'Jonathan Weisgall 
(E-mail)'" <jweisgall@aol.com>, "'Kate Castillo (E-mail)'" 
<CCastillo@riobravo-gm.com>, "'Kelly Lloyd (E-mail)'" <kellyl@enxco.com>, 
"'Ken Hoffman (E-mail)'" <khoffman@caithnessenergy.com>, "'Kent Fickett 
(E-mail)'" <kfickett@usgen.com>, "'Kent Palmerton'" 
<kent.palmerton@williams.com>, "'Lynn Lednicky (E-mail)'" 
<lynn.a.lednicky@dynegy.com>, "Mark Fillinger (E-mail)" 
<mark.fillinger@enron.com>, "Marty McFadden (E-mail)" 
<mmcfadden@covantaenergy.com>, "Paula Soos (E-mail)" 
<psoos@covantaenergy.com>, "Rachel King (E-mail)" <rachel.king@elpaso.com>, 
"'Randy Hickok (E-mail)'" <rjhickok@duke-energy.com>, "Rick S. Koebbe 
(E-mail)" <rskoebbe@powerworksinc.com>, "'Roger Pelote (E-mail)'" 
<roger.pelote@williams.com>, "'Ross Ain (E-mail)'" <ain@worldnet.att.net>, 
"'Stephanie Newell (E-mail)'" <stephanie-newell@reliantenergy.com>, "'Steve 
Lliff (E-mail)'" <siliff@riobravo-gm.com>, "'Steve Ponder (E-mail)'" 
<steve_ponder@fpl.com>, "'Susan J Mara (E-mail)'" <smara@enron.com>, "'Tony 
Wetzel (E-mail)'" <twetzel@thermoecotek.com>, "'William Hall (E-mail)'" 
<wfhall2@duke-energy.com>
		 cc: "Andy Brown (E-mail)" <andybrwn@earthlink.net>, "'Carol Hudson 
(E-mail)'" <carol@iepa.com>, "'Jan Smutny-Jones (E-mail)'" <smutny@iepa.com>, 
"'Katie Kaplan (E-mail)'" <kaplan@iepa.com>, "'Steven Kelly (E-mail)'" 
<steven@iepa.com>
		 Subject: Update on Senate Windfall Profits tax lang.


As expected, the Senate Revenue and Tax Committe voted out SB1X, the
Windfall Tax Bill (see attached bill language).  While the co-author noted
it was a "work in progress," he noted that he envisioned a program wherein
150% of the existing corporate rate would apply to the "excess profits."
This approach would result in a tax rate of approximately 13.5 percent
applied to the "excess proftis."

IEP testified against the bill (see attached IEP letter opposing the bill).
In response to questions, the author indicated the intent was not to "go
after QFs", but he also presumed that QFs were not receiving "gross
profits."  Questions left unanswered included:  would the tax apply to
municipal entities; how would the tax apply to out-of-state entities; what
would be the impact on system sales and reliability;  what would be the
impact on incentives for new development.

The bill is expected to move to the Senate Appropriations Committee.
However, the Appropriations Committee is not expected to take the bill up
this week, and the members apparently are still planning on taking a recess
next week.

-----Original Message-----
From: Carol Hudson [mailto:carol@iepa.com]
Sent: Wednesday, April 04, 2001 4:44 PM
To: Steven Kelly (E-mail)
Subject: FW: windfall profits tax lang.








 - windfall profits tax bill    4-04-01.doc
 - Senate Bill 1.rtf