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Enron Mail |
Lammers is driving this but I recall that this has far reaching consequences
for tax. I suggest you intervene immediately. regards, Rob From: Rick Hopkinson on 12/14/2000 01:31 PM To: Rob G Gay/NA/Enron@Enron cc: Subject: Cuiaba-Letter of Credit for Diesel Fuel Supply Rob, I just received a copy of a DASH asking for an increase on the letter of credit that is provided for the Cuiaba I project diesel fuel supply. That DASH states that Shell has not agreed to participate in the cost of the letter of credit and as a result that Enron is entitled to charge Shell Libor plus 4 % per annum on Shell's share of the guarantee under the terms of a letter agreement between Shell Cuiaba Holdings Ltd. and Enron. Has this been put into effect? We are sensitive to this because we may have IRS transfer pricing issues with respect to guarantees that Enron makes on loans to its various project entities. The last time I had talked was to Joanna back in late September/October and she said it had not been put into effect. Regards, Rick
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