Thanks Steve,  actual savings prior to allocation was $782,375   I miss 
calculated when I sent the memo.



	Steven J Kean@EES
	08/01/2000 09:11 AM
		
		 To: Gary Fitch/HR/Corp/Enron@ENRON
		 cc: 
		 Subject: Re: Tax Valuations for YR2000

Congratulations!



Gary Fitch@ENRON on 07/27/2000 12:02:47 PM
To: Bill Donovan/EPSC/HOU/ECT@ECT
cc: Steven J Kean/HOU/EES@EES 
Subject: Tax Valuations for YR2000

Bill, we hit a home run this morning with HCAD.  They have agreed to take my 
reduced valuation on the Enron fleet.  A reduction of  $16,079,000 in taxable 
value.  This results in savings of $482,375.  That's not all, our allocation 
based on records for operations outside of the state of Texas resulted in 
additional savings of $1,559,638. Total savings to our 2000 budget will be 
$2,042,013.