----- Forwarded by Jeff Dasovich/NA/Enron on 06/06/2001 08:54 AM -----

	"Chris Micheli" <cmicheli@carpentersnodgrass.com>
	06/05/2001 05:08 PM
		 
		 To: "Will Brown" <wbrown@lhom.com>, "Teresa Casazza" 
<teresa_casazza@aeanet.org>, "Sande George" <sglobby@pacbell.net>, "Ron 
Roach" <ron@caltax.org>, "Rex Hime" <rexhime@cbpa.com>, "Matt Sutton" 
<matthew_sutton@aeanet.org>, "Lorraine Albrecht" <laac@pge.com>, "Lisa Frank" 
<laf@ka-pow.com>, "Lance Hastings" <lhastings@cagrocers.com>, "LaJune Bush" 
<lajunebush@aol.com>, "Jot Condie" <jcondie@calrest.org>, "Joe Ackler" 
<ackler@ix.netcom.com>, "Jim Lites" <jlites@schottinc.com>, "James Clark" 
<jclark@calbankers.com>, "Greg Turner" <greg@caltax.org>, "George Miller" 
<gmiller@lhom.com>, "Gavin McHugh" <gmchugh@ix.netcom.com>, "Fred Taugher" 
<fred@ppallc.com>, "Fred Pownall" <fpownall@ka-pow.com>, "Fred Main" 
<fred.main@calchamber.com>, "Eric Miethke" <emiethke@ix.netcom.com>, "David R 
Doerr" <dave@caltax.org>, "David Nagler" <nagler@gene.com>, "Chuck Cole" 
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<rventurini@teamgsi.net>, "Richard Hyde" <rwhyde@duke-energy.com>, "Rachel 
King" <rachel.king@elpaso.com>, "Phil Isenberg" <isenberg@hmot.com>, "Mike 
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<matt.stolte@us.pwcglobal.com>, "Marilyn Wethekam" <mwetheka@hmblaw.com>, 
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Coffill" <ecoffill@mofo.com>, "Elaine Bialczak" <jbialczak@dmainc.com>, 
"Edwin P. Antolin" <eantolin@mofo.com>, "Douglas Bramhall" 
<dbramhall@kpmg.com>, "Doug Schwartz" <dschwartz@pacbell.net>, "Dennis Perez" 
<perez@taxlitigator.com>, "Deborah Nosowsky" <deborah_j._nosowsky@ffic.com>, 
"Dan Thompson" <daniel.l.thompson@us.pwcglobal.com>, "Charles Rettig" 
<rettig@taxlitigator.com>, "Charles Moll" <cmoll@mofo.com>, "Bruce Kessler" 
<bruce.j.kessler@us.arthurandersen.com>, "Bruce Daigh" 
<bruce.daigh@us.pwcglobal.com>, "Bart Baer" <bart.baer@bakernet.com>, "Barry 
Weissman" <barry.weissman@us.pwcglobal.com>, "Barry Hacker" 
<bhacker@kpmg.com>, "Arthur Rosen" <arosen@mwe.com>, "Amy Silverstein" 
<asilverstein@mofo.com>, "Albert Mencher" <ammtax@naea.org>, "Al Koch" 
<alkoch@earthlink.net>, "Al Golbert" <agolbert@aol.com>, "David Cohen" 
<david.m.cohen@us.andersen.com>
		 cc: 
		 Subject: AB 2xx passes fiscal cmte

In a hearing off the Floor this afternoon, the Assembly Appropriations 
Committee voted on a partisan basis (14-7) to pass AB 2xx (Corbett), which 
would enact a gross receipts tax on power generators.  Please note that three 
amendments were adopted by the author:  (1) exempt state contracts (not all 
long-term contracts like SB 1xx does) and the taxpayer would have to go to 
DWR for this exemption; (2) taxpayer would get a credit for any similar tax 
paid in another state (assuming other states will actually enact windfall 
profits tax bills; (3) PUC will adjust the base price quarterly (rather than 
"from time-to-time").
Next stop is the Assembly Floor, planned for Thursday morning.

Chris Micheli, Esq.
Carpenter Snodgrass & Associates
1201 K Street, Suite 710
Sacramento, CA  95814
(916) 447-2251
FAX: (916) 445-5624
EMAIL: cmicheli@carpentersnodgrass.com