235 lines
8.7 KiB
Plaintext
235 lines
8.7 KiB
Plaintext
Message-ID: <6951475.1075855482618.JavaMail.evans@thyme>
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Date: Wed, 6 Dec 2000 23:38:00 -0800 (PST)
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From: enron.announcements@enron.com
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To: all_ena_egm_eim@enron.com
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Subject: EnTouch
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Mime-Version: 1.0
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Content-Type: text/plain; charset=ANSI_X3.4-1968
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Content-Transfer-Encoding: quoted-printable
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X-From: Enron Announcements
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X-To: All_ENA_EGM_EIM
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X-cc:
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X-bcc:
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X-Folder: \Frank_Ermis_Dec2000\Notes Folders\Discussion threads
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X-Origin: Ermis-F
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X-FileName: fermis.nsf
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BUSINESS HIGHLIGHTS
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Weather Group
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Let=01,s give a big round of applause to the Weather Team! Environmental=
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=20
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Finance Magazine ranked the weather group #1 in Online Services and #1 Deal=
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er=20
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in the United States and Europe. Gary Taylor, manager in weather trading,=
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=20
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comments, "The "Best Dealer" award reflects our counterparties' appreciatio=
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n=20
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for the significant effort we have made to drive the growth of our market b=
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y=20
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making two-sided markets where other companies are only willing to quote=20
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either a bid or an offer. This award also reflects the innovative nature o=
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f=20
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everyone on our desk, and their ability to price non-standard structures fo=
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r=20
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our customers. It is truly a team award. The "Best Online Dealer" award i=
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s=20
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simply another testament to the unparalleled success of EnronOnline. By=20
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providing tight, two-way markets online, we have provided two critical=20
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elements to generate growth in our market: 1) an element of price discovery=
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,=20
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and 2) a quick and easy way to transact."
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The Weather Risk Management group launched a new product this week: Power=
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=20
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Demand swaps. These contracts use power demand as an index and allow power=
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=20
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market participants (generators, btu distributors, marketers, etc...) to=20
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mitigate volumetric exposures. The first contract the desk offered is for=
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=20
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the PJM power pool. On EnronOnline, weekly swaps are available and the des=
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k=20
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has placed option contracts on this index in the broker market. Inquiries=
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=20
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regarding this product should be directed to Claudio Ribeiro (product=20
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manager) x37313, Gary Taylor x31511, or Valter Stoiani x36906.
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Competitive Analysis and Business Controls
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eSource, Enron's premier corporate-wide research group, launched their new=
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=20
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intranet product, eSearch, on December 1, 2000. eSource's team of=20
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specialized researchers have created a web site to bring information and=20
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research to every employee's desktop. The eSearch web site offers many lin=
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ks=20
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to information resources, access to research databases, specialized searche=
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s,=20
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sites to purchase books, articles, and reports, and training. Employees ca=
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n=20
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use the web site to conduct their own research or as a vehicle to submit=20
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research requests. eSource's researchers and industry specialists are=20
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available to all Enron business units to provide timely and cost efficient=
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=20
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research, to work with individuals or groups to fulfill one time research=
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requests, or to design ongoing, customized monitoring projects or news=20
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updates.
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Enron Global Markets Fundamentals
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EGM Fundamentals is quickly building a team of expert analysts and associat=
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es=20
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to work directly with traders and marketers. The team is already busy=20
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analyzing various commodities and market situations. For example, an=20
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initiative is underway to analyze current negative fractionation spreads in=
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=20
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the market resulting from rising natural gas prices. Web sites to host thi=
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s=20
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analytical information are currently in development for all EGM commodities=
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. =20
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These sites will provide research and analysis, weather, publications, and=
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any other information that will assist in decision-making or identification=
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=20
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of potential commercial opportunities. For questions or requests regarding=
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=20
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fundamental research, contact Jennifer Fraser at x34759. For questions or=
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=20
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suggestions regarding the web sites, contact Heather Purcell at x54057.
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Austin Energy
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Austin Energy and Enron Sandhill, L.L.C, a subsidiary of Enron North Americ=
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a=20
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broke ground November 29, 2000 for the construction of the Sand Hill Energy=
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=20
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Center, a 180-megawatt peaking electrical generation facility. Located in=
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=20
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eastern Travis County, the Sand Hill Energy Center will be a natural gas=20
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fired facility that will operate primarily during peak demand periods. The=
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$93.7 million project will feature four 45-megawatt General Electric gas=20
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turbines and will be operational May 1, 2001.
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NEWS FROM THE GLOBALFLASH
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Coal
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The London dry cargo seafreight team traded 1 million metric tonne of=20
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Capesize vessel swaps via EOL in one day, (Wednesday 28th November). The de=
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al=20
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was created by combining OTC options and a physically related cash market=
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deal. This helps to bring our YTD EOL to just under 2.5 mln tonne.
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Off-shore wind energy deal
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Enron Wind has signed a power purchase agreement with Swedish energy compan=
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y=20
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Graninge. According to the agreement, Graninge will deliver electricity to=
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=20
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consumers using Enron's wind power plants in southern Sweden. Enron Wind's=
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=20
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Utgrunden off-shore wind park, completed this year, will generate in the=20
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region of 38,000 megawatt hours of electricity, or enough for around 6,000=
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average homes between the mainland and the island of Oland on the southeast=
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tip of Sweden. In an announcement this week, Graninge stated that it plans=
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to market the power to consumers as 'green' energy.
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Happy 1st Birthday EnronOnline!
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This week saw EnronOnline celebrate its first birthday. During the course =
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of=20
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its first year, EnronOnline has passed a number of milestones including the=
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addition of a range of new functionalities for customers on the site. =20
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EnronOnline has now come of age, having surpassed the $274 billion mark in=
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=20
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notional value in November. This represents a total of 478,695 transaction=
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s=20
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since the site was launched on 29 November 1999.
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The first anniversary was marked by giving the media guest access to=20
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EnronOnline in Europe. A team from Reuters was invited into Enron House to=
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receive a full demonstration of EnronOnline and as of today will be able to=
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=20
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quote in reports live prices from EnronOnline. Other media outlets are bei=
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ng=20
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invited to obtain guest access during the coming weeks as the word of=20
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EnronOnline's success continues to spread...
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Australia
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Enron Australia continues to assist in the region in a supportive role. =20
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Elliott Katz worked on the GEM migration in Singapore last week with an IT=
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=20
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team from London, Oslo and Singapore. Approximately 40 users, including=20
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Traders, were migrated to Windows 2000 and the CORP domain. This is an=20
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important step for the Asia Pacific region, as it brings the three biggest=
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offices (Singapore, Sydney and Tokyo) into line with corporate standards fo=
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desktop computing.
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Japan
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E-Power, a JV between Enron and Japanese finance company Orix, has announce=
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proposals for a 2000MW gas-fired power plant at Mutsu-Ogawara, an industria=
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area in northern Japan. A feasibility study will be undertaken to define=
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how the project will go forward and this may include the development of an=
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LNG terminal in the vicinity. The nature of the permitting process is such=
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that the plant would not begin operations for six to seven years. This=20
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project is just one of several options that E-Power are working on in Japan=
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.
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NUGGETS & NOTES
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=01&Go Big or Go Home=018 =01) Mike McConnell/President & CEO-EGM
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"Call Back" - Don Schroeder, VP/Crude Trading-EGM
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REMINDER
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Holiday Party
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Enron North America, Global Markets and Industrial Markets
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Enron Field
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Saturday, December 9
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7:00 - Midnight
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WELCOME
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New Hires ENA/EIM/EGM
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ENA =01) Joseph Taylor, Jennifer Rosado, Rabi De, Louis Dicarlo, Scott Chur=
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bock,=20
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Kenneth Parkhill, Nicholas Ernst, Dirk Dimitry, Stephanie Taylor, Dimitri=
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Tagaropulos, Georgia Blanchard, Jona Kimbrough, Jeffrey Baldwin, Patricia=
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English, Jaesoo Lew, Cheryl Nelson, Gina Abbott, Ryan Keith, Brian Dawson
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EGM =01)Ellen Alexander, Mike Perun
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Transfers to ENA/EIM/EGM
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ENA =01) Gregory Golden
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EGM =01) Keynan Dutton
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FROM THE EDITORS
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Thank you to all the contributors to this week's EnTouch. We want to hear=
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=20
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from the various departments within Enron Americas, Global Markets and=20
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Industrial Markets! Please continue to send your business highlights,=20
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nuggets & notes or suggestions to Michelle Vitrella or Kathie Grabstald.
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LEGAL STUFF
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The information contained in this newsletter is confidential and proprietar=
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y=20
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to Enron Corp. and its subsidiaries. It is intended for internal use only=
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and should not be disclosed. |