Message-ID: <1588191.1075863638625.JavaMail.evans@thyme> Date: Tue, 21 Mar 2000 09:50:00 -0800 (PST) From: mitchell.taylor@enron.com To: skean@enron.com, mmetts@enron.com Subject: Confidential Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Mitchell.Taylor@enron.com X-To: skean@enron.com, mmetts@enron.com X-cc: X-bcc: X-Folder: \Steven_Kean_Dec2000_1\Notes Folders\Project california X-Origin: KEAN-S X-FileName: skean.nsf FYI ---------------------- Forwarded by Mitchell Taylor/Corp/Enron on 03/21/2000 05:49 PM --------------------------- Francisco Pinto Leite@ENRON_DEVELOPMENT 03/21/2000 05:38 PM To: Amit Walia@ECT cc: Mitchell Taylor/Corp/Enron@ENRON, fsayre@ei.enron.com, Randy Young/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT Subject: Confidential Apparently our local counsel in Puerto Rico had a small "change of heart" as to the transfer restrictions for San Juan Gas, Procaribe and Progasco. Although the statute does not contain a change of control provision with respect to the licenses, it appears that after carefully looking into this issue, local counsel found out that the Puerto Rican authorities are taking a very aggressive approach with respect to transfers of control of holders of licenses. Apparently the Puerto Rican authorities argue that the spirit of the statute is to extend the requirement of prior authorization for transfers of the licenses, to a change of control of the operator. In his response to Bill Weiland from V&E he advised that it would be more prudent to request permission to change control of the company that holds the license. FPL