Michelle: As we discussed, would you please record the following tax entry in TIS: Dr. Cr. Other income $710,594,336 Interest expense $36,001,000 Non-current deferred debit $674,593,336 The above entry is temporary and will reverse non-current deferred tax liability. The principal intent of this entry is to reverse deferred tax on the book losses attributable to the unwinding of Project Raptor. Thank you, John.
Answer: Raptor Unwind Losses
Attached is a clean and redlined copy of the ENA's IT Agreement on Lost Creek. The revisions incorporate Chris Hoekenga's comments. Please review and let me know if this looks acceptable. If OK we can forward to BR for their final review.
Answer: ENA-Lost Creek IT Agreement
Mark, The word on the street is that the NewPower folks are getting further in trouble (ie) strange trading activity, etc. Looks and smells a little like the old EES. Couple of opps: - get another shareholder on-side and demand an Enron led audit to confirm financial and operating health; - followed up by hostile exit of mgt team if significant issues arise. Issues: - obviously pushes us into another level of complicity/fiduciary in a blow up or bankruptcy not unlike the issues we faced with Kafus et al; however, given our continued interest a significant control issue could result in a significant acceleration of a write-off of our existing position plus any outstanding credit. I would recommend we force the management team to submit to a detailed audit as a part of a united shareholder iniative - Lets discuss. Rick Buy, what is our current credit position? Greg/John, do you have a view on this one? Rick Causey, we probably need a more "permanent solution" ot the NewPower issue. Regards
Answer: NewPower
John, he did well with the gas guys, so lets make him an offer. Get with m= e=20 and we'll go over the offer. Thanks. Jeff
Answer:
Interview Thank You from Mario De La Ossa