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|  |  | Public Utility Holding Company Act of 1935 - Section 2(a)(7)EIF Neptune, LLC Starwood Energy Investors, LLC & Atlantic Energy PartsJuly 29, 2005
Mr. Adam Wenner, Esq.Chadbourne & Parke LLP1200 New Hampshire Avenue, N. W.Washington, D.C. 20036

Mr. William WeedenSkadden, Arps, Slate, Meagher & Flom LLP1440 New York Ave., N.W.Washington, D.C. 20005

Re:

EIF Neptune, LLC ("EIF"); Starwood Energy Investors, LLC ("Starwood") 		        and Atlantic Energy Partners ("Atlantic")

Dear Sirs:

Enclosed is our response to your letter of July 29.  By incorporating this letter in the enclosed copy of your letter, the Commission avoids having to recite or summarize the facts involved.

Very truly yours,

David G. LaRoche	Special Counsel

RESPONSE OF THE OFFICE OF PUBLIC UTILITY REGULATION	DIVISION OF INVESTMENT MANAGEMENT

Our Ref. No. 05-1- OPUR	EIF Neptune, LLC, et al.	File No. 132-3

Based on the facts and representations in your letter of July 29, 2005, and without necessarily agreeing with your legal analysis, we would not recommend any enforcement action to the Commission under section 2(a)(7) of the Public Utility Holding Company Act of 1935 against EIF, Starwood or Atlantic if the proposed transaction takes place in the manner and under the circumstances described in your letter.

You should note that facts or conditions different from those presented in your letter might require a different conclusion.  Further, this response expresses only the Division's position on enforcement action.  It does not purport to express any legal conclusion on the questions presented.

David G. LaRocheSpecial Counsel
Incoming Letter
The Incoming Letter is in Acrobat format.

*http://www.sec.gov/divisions/investment/noaction/neptune072905.htm*Home | Previous PageModified: 08/17/2002 |
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