235 lines
8.7 KiB
Plaintext
235 lines
8.7 KiB
Plaintext
Message-ID: <32983506.1075855484262.JavaMail.evans@thyme>
|
|
Date: Wed, 6 Dec 2000 23:38:00 -0800 (PST)
|
|
From: enron.announcements@enron.com
|
|
To: all_ena_egm_eim@enron.com
|
|
Subject: EnTouch
|
|
Mime-Version: 1.0
|
|
Content-Type: text/plain; charset=ANSI_X3.4-1968
|
|
Content-Transfer-Encoding: quoted-printable
|
|
X-From: Enron Announcements
|
|
X-To: All_ENA_EGM_EIM
|
|
X-cc:
|
|
X-bcc:
|
|
X-Folder: \Frank_Ermis_Dec2000\Notes Folders\Notes inbox
|
|
X-Origin: Ermis-F
|
|
X-FileName: fermis.nsf
|
|
|
|
BUSINESS HIGHLIGHTS
|
|
|
|
Weather Group
|
|
|
|
Let=01,s give a big round of applause to the Weather Team! Environmental=
|
|
=20
|
|
Finance Magazine ranked the weather group #1 in Online Services and #1 Deal=
|
|
er=20
|
|
in the United States and Europe. Gary Taylor, manager in weather trading,=
|
|
=20
|
|
comments, "The "Best Dealer" award reflects our counterparties' appreciatio=
|
|
n=20
|
|
for the significant effort we have made to drive the growth of our market b=
|
|
y=20
|
|
making two-sided markets where other companies are only willing to quote=20
|
|
either a bid or an offer. This award also reflects the innovative nature o=
|
|
f=20
|
|
everyone on our desk, and their ability to price non-standard structures fo=
|
|
r=20
|
|
our customers. It is truly a team award. The "Best Online Dealer" award i=
|
|
s=20
|
|
simply another testament to the unparalleled success of EnronOnline. By=20
|
|
providing tight, two-way markets online, we have provided two critical=20
|
|
elements to generate growth in our market: 1) an element of price discovery=
|
|
,=20
|
|
and 2) a quick and easy way to transact."
|
|
|
|
The Weather Risk Management group launched a new product this week: Power=
|
|
=20
|
|
Demand swaps. These contracts use power demand as an index and allow power=
|
|
=20
|
|
market participants (generators, btu distributors, marketers, etc...) to=20
|
|
mitigate volumetric exposures. The first contract the desk offered is for=
|
|
=20
|
|
the PJM power pool. On EnronOnline, weekly swaps are available and the des=
|
|
k=20
|
|
has placed option contracts on this index in the broker market. Inquiries=
|
|
=20
|
|
regarding this product should be directed to Claudio Ribeiro (product=20
|
|
manager) x37313, Gary Taylor x31511, or Valter Stoiani x36906.
|
|
|
|
Competitive Analysis and Business Controls
|
|
eSource, Enron's premier corporate-wide research group, launched their new=
|
|
=20
|
|
intranet product, eSearch, on December 1, 2000. eSource's team of=20
|
|
specialized researchers have created a web site to bring information and=20
|
|
research to every employee's desktop. The eSearch web site offers many lin=
|
|
ks=20
|
|
to information resources, access to research databases, specialized searche=
|
|
s,=20
|
|
sites to purchase books, articles, and reports, and training. Employees ca=
|
|
n=20
|
|
use the web site to conduct their own research or as a vehicle to submit=20
|
|
research requests. eSource's researchers and industry specialists are=20
|
|
available to all Enron business units to provide timely and cost efficient=
|
|
=20
|
|
research, to work with individuals or groups to fulfill one time research=
|
|
=20
|
|
requests, or to design ongoing, customized monitoring projects or news=20
|
|
updates.
|
|
|
|
Enron Global Markets Fundamentals
|
|
EGM Fundamentals is quickly building a team of expert analysts and associat=
|
|
es=20
|
|
to work directly with traders and marketers. The team is already busy=20
|
|
analyzing various commodities and market situations. For example, an=20
|
|
initiative is underway to analyze current negative fractionation spreads in=
|
|
=20
|
|
the market resulting from rising natural gas prices. Web sites to host thi=
|
|
s=20
|
|
analytical information are currently in development for all EGM commodities=
|
|
. =20
|
|
These sites will provide research and analysis, weather, publications, and=
|
|
=20
|
|
any other information that will assist in decision-making or identification=
|
|
=20
|
|
of potential commercial opportunities. For questions or requests regarding=
|
|
=20
|
|
fundamental research, contact Jennifer Fraser at x34759. For questions or=
|
|
=20
|
|
suggestions regarding the web sites, contact Heather Purcell at x54057.
|
|
|
|
Austin Energy
|
|
Austin Energy and Enron Sandhill, L.L.C, a subsidiary of Enron North Americ=
|
|
a=20
|
|
broke ground November 29, 2000 for the construction of the Sand Hill Energy=
|
|
=20
|
|
Center, a 180-megawatt peaking electrical generation facility. Located in=
|
|
=20
|
|
eastern Travis County, the Sand Hill Energy Center will be a natural gas=20
|
|
fired facility that will operate primarily during peak demand periods. The=
|
|
=20
|
|
$93.7 million project will feature four 45-megawatt General Electric gas=20
|
|
turbines and will be operational May 1, 2001.
|
|
|
|
|
|
NEWS FROM THE GLOBALFLASH
|
|
|
|
Coal
|
|
The London dry cargo seafreight team traded 1 million metric tonne of=20
|
|
Capesize vessel swaps via EOL in one day, (Wednesday 28th November). The de=
|
|
al=20
|
|
was created by combining OTC options and a physically related cash market=
|
|
=20
|
|
deal. This helps to bring our YTD EOL to just under 2.5 mln tonne.
|
|
|
|
Off-shore wind energy deal
|
|
Enron Wind has signed a power purchase agreement with Swedish energy compan=
|
|
y=20
|
|
Graninge. According to the agreement, Graninge will deliver electricity to=
|
|
=20
|
|
consumers using Enron's wind power plants in southern Sweden. Enron Wind's=
|
|
=20
|
|
Utgrunden off-shore wind park, completed this year, will generate in the=20
|
|
region of 38,000 megawatt hours of electricity, or enough for around 6,000=
|
|
=20
|
|
average homes between the mainland and the island of Oland on the southeast=
|
|
=20
|
|
tip of Sweden. In an announcement this week, Graninge stated that it plans=
|
|
=20
|
|
to market the power to consumers as 'green' energy.
|
|
|
|
Happy 1st Birthday EnronOnline!
|
|
This week saw EnronOnline celebrate its first birthday. During the course =
|
|
of=20
|
|
its first year, EnronOnline has passed a number of milestones including the=
|
|
=20
|
|
addition of a range of new functionalities for customers on the site. =20
|
|
EnronOnline has now come of age, having surpassed the $274 billion mark in=
|
|
=20
|
|
notional value in November. This represents a total of 478,695 transaction=
|
|
s=20
|
|
since the site was launched on 29 November 1999.
|
|
|
|
The first anniversary was marked by giving the media guest access to=20
|
|
EnronOnline in Europe. A team from Reuters was invited into Enron House to=
|
|
=20
|
|
receive a full demonstration of EnronOnline and as of today will be able to=
|
|
=20
|
|
quote in reports live prices from EnronOnline. Other media outlets are bei=
|
|
ng=20
|
|
invited to obtain guest access during the coming weeks as the word of=20
|
|
EnronOnline's success continues to spread...
|
|
|
|
Australia
|
|
Enron Australia continues to assist in the region in a supportive role. =20
|
|
Elliott Katz worked on the GEM migration in Singapore last week with an IT=
|
|
=20
|
|
team from London, Oslo and Singapore. Approximately 40 users, including=20
|
|
Traders, were migrated to Windows 2000 and the CORP domain. This is an=20
|
|
important step for the Asia Pacific region, as it brings the three biggest=
|
|
=20
|
|
offices (Singapore, Sydney and Tokyo) into line with corporate standards fo=
|
|
r=20
|
|
desktop computing.
|
|
|
|
Japan
|
|
E-Power, a JV between Enron and Japanese finance company Orix, has announce=
|
|
d=20
|
|
proposals for a 2000MW gas-fired power plant at Mutsu-Ogawara, an industria=
|
|
l=20
|
|
area in northern Japan. A feasibility study will be undertaken to define=
|
|
=20
|
|
how the project will go forward and this may include the development of an=
|
|
=20
|
|
LNG terminal in the vicinity. The nature of the permitting process is such=
|
|
=20
|
|
that the plant would not begin operations for six to seven years. This=20
|
|
project is just one of several options that E-Power are working on in Japan=
|
|
.
|
|
|
|
|
|
NUGGETS & NOTES
|
|
|
|
=01&Go Big or Go Home=018 =01) Mike McConnell/President & CEO-EGM
|
|
|
|
"Call Back" - Don Schroeder, VP/Crude Trading-EGM
|
|
|
|
|
|
REMINDER
|
|
|
|
Holiday Party
|
|
Enron North America, Global Markets and Industrial Markets
|
|
Enron Field
|
|
Saturday, December 9
|
|
7:00 - Midnight
|
|
|
|
WELCOME
|
|
New Hires ENA/EIM/EGM
|
|
ENA =01) Joseph Taylor, Jennifer Rosado, Rabi De, Louis Dicarlo, Scott Chur=
|
|
bock,=20
|
|
Kenneth Parkhill, Nicholas Ernst, Dirk Dimitry, Stephanie Taylor, Dimitri=
|
|
=20
|
|
Tagaropulos, Georgia Blanchard, Jona Kimbrough, Jeffrey Baldwin, Patricia=
|
|
=20
|
|
English, Jaesoo Lew, Cheryl Nelson, Gina Abbott, Ryan Keith, Brian Dawson
|
|
EGM =01)Ellen Alexander, Mike Perun
|
|
|
|
Transfers to ENA/EIM/EGM
|
|
ENA =01) Gregory Golden
|
|
EGM =01) Keynan Dutton
|
|
|
|
|
|
FROM THE EDITORS
|
|
|
|
Thank you to all the contributors to this week's EnTouch. We want to hear=
|
|
=20
|
|
from the various departments within Enron Americas, Global Markets and=20
|
|
Industrial Markets! Please continue to send your business highlights,=20
|
|
nuggets & notes or suggestions to Michelle Vitrella or Kathie Grabstald.
|
|
|
|
|
|
LEGAL STUFF
|
|
|
|
The information contained in this newsletter is confidential and proprietar=
|
|
y=20
|
|
to Enron Corp. and its subsidiaries. It is intended for internal use only=
|
|
=20
|
|
and should not be disclosed. |