Sergio. 

Now we need to research how lasting this effect will be (given that the Congress is unlikely to pass this into a permanent law). In other words, the defenses against potential challenges.

Current Scenario. The MP will have to be reissued every month

New Scenario.- The MP has to be passed into law within (90-120 days?). No extensions

The key question -- From the auditors perspective, will this be considered a reliablle solution?

Jose





Sergio Assad@ENRON
09/06/2001 12:32 PM
To:	Orlando Gonzalez/SA/Enron@Enron, Richard Shapiro/Enron@EnronXGate, John J Lavorato/Enron@EnronXGate, Britaldo Soares/SA/Enron@Enron, Joao Carlos Albuquerque/SA/Enron@Enron, Jose Bestard/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Brett R Wiggs/SA/Enron@Enron, Remi Collonges/SA/Enron@Enron, James A Hughes/ENRON_DEVELOPMENT, Stanley Horton/Enron@EnronXGate, John Novak/SA/Enron@Enron, Michael Guerriero/SA/Enron@Enron
cc:	 

Subject:	Good News in Brazilian Regulatory Environment

The Federal Government  just  issue  Medida Provisoria no. 2227 (  it has law effects) creating a legal environment  to allow  tracking account  to cover costs included in Parcel A  (non controllable costs).  ANEEL is in charge of  to rule  all details of this recent mesure.

It  represents  a reward to our efforts.    LET's celebrate! 

Sergio Assad