Message-ID: <28651375.1075852280591.JavaMail.evans@thyme> Date: Tue, 9 Oct 2001 10:30:44 -0700 (PDT) From: elizabeth.sager@enron.com To: kay.mann@enron.com Subject: RE: Power/gas trading structure Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Sager, Elizabeth X-To: Mann, Kay X-cc: X-bcc: X-Folder: \ESAGER (Non-Privileged)\Sent Items X-Origin: SAGER-E X-FileName: ESAGER (Non-Privileged).pst 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