259 lines
9.1 KiB
Plaintext
259 lines
9.1 KiB
Plaintext
Message-ID: <5508973.1075855485098.JavaMail.evans@thyme>
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Date: Wed, 29 Nov 2000 10:31:00 -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 Newsletter
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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\Notes inbox
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X-Origin: Ermis-F
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X-FileName: fermis.nsf
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CONGRATULATIONS!!!
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PAT JOHNSON is the winner for =01+The Name This Newsletter Contest=01,. It=
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was a=20
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close call. After receiving over 50 great ideas, the PR Dept had a tough ti=
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me=20
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narrowing the list to the top ten for Mark Frevert=01,s final decision. We=
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=01,d=20
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like to thank everyone who submitted suggestions and a special thanks to Pa=
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t=20
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Johnson for sending in the winning name EnTouch.=20
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BUSINESS HIGHLIGHTS
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EGM Coal & Emissions
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The November and December NYMEX market remains very tight. Offers in the O=
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TC=20
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market have climbed to the low $40s. The highest reported trade for Decemb=
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er=20
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was reported at $38.50. The tightness should continue through the first=
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=20
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half of the year with the Martin County mine still shut down. The rest of=
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=20
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the year remains strong piggy backing off of the current spot market.=20
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Finally--Life beyond the 150 to 155 range--vintage year 2000 SO2 allowances=
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=20
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broke out of this trading range this week. The low trade was around $119.5=
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0=20
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and the last trade was around $120.50. The sharp drop in prices was caused=
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=20
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in large part by the news of Dominion Virginia Power settling the New Sourc=
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e=20
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Review lawsuit brought against it by the state of NY and the EPA Continuing=
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=20
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rumors of further NSR related settlements will likely create continued=20
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volatility. It is as yet unclear what the new price floor will be.
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NOx has settled down a bit with last trade 2001 vintage of $675.
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Principal Investments
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Solo Energy Corporation, an Alameda, California based developer of Wireless=
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=20
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Energy microturbine products to supply superior on-site energy service to=
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=20
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U.S. commercial and light industrial customers, announced that Enron North=
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=20
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America has completed an equity investment in Solo Energy as well as entere=
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d=20
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into an alliance agreement.
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In exchange for warrants to purchase the Company=01,s preferred stock, Enro=
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n=20
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will assist in obtaining fuel contracts to support the Company=01,s distrib=
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uted=20
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generation contracts, including the provision of gas and backup electricity=
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,=20
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and will work with the Company to support its market and gas technology=20
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research.=20
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NEWS FROM THE GLOBALFLASH
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EnronCredit.com
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On Halloween, Enron Credit.com hit the City of London last Tuesday. As an=
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=20
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original PR stunt, the EnronCredit.com team organized a Grim Reaper with tw=
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o=20
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female vampires to distribute candy carrying the message, "Corporate=20
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bankruptcies are on the increase and could be your worst nightmare. You can=
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=20
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protect your company and sleep well at night". Locations for the distributi=
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on=20
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of 5,000 packs of candy were Bank, Broadgate and Canary Wharf. The general=
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=20
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feedback and reaction of people was positive. Photos of the event will be=
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=20
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available on the EnronCredit.com site.
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Enron Japan Corp.
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Enron is powering ahead in Japan following the official launch of Enron Jap=
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an=20
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Corp. in Tokyo last week. In keeping with Japanese tradition, Ken Lay, Joe=
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=20
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Hirl, Ken Rice and Mike McConnell donned "happi coats" - a sort of short=20
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kimono - and used ceremonial hammers to break the lid of a wooden cask of=
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=20
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sake in front of an audience of 350 drawn from major companies and=20
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government. Enron has made an immediate impact already by offering eligibl=
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e=20
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consumers 3-5 year contracts with immediate savings of up to 10 percent in=
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=20
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the first year. View the Japan website at www.enron.co.jp [No worries,=
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=20
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it's in Japanese and English ...Ed]
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There are 35 Enron employees in the Tokyo office including an Enron Metals=
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=20
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team. EBS will be staffing up there over the coming months. =20
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Nordic energy agreement with UPM-Kymmene
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Enron Nordic Energy and UPM-Kymmene Corp. have signed a two-year portfolio=
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=20
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management agreement covering UPM Kymmene's Nordic power portfolio. The=20
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Mid-Market desk in the Oslo office will assist UPM in optimising its=20
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portfolio of approximately 14 TWh. energydesk.com will provide UPM with the=
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=20
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risk management system used in the process. In addition, the agreement open=
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s=20
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the door for Enron Energy Services to explore a variety of opportunities=20
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within the company. The Nordic agreement is the first step towards a broade=
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r=20
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scope of co-operation with UPM on a European and Global basis. The total=20
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contract value is estimated to be $375 million.
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UPM-Kymmene's nominal electricity resources total about 3000 MW, of which=
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=20
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2500 MW in Finland and about 500 MW in other countries. The group's power=
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=20
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procurement totals approximately 18 TWh per year, of which about 14 TWh in=
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=20
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Finland. Around 15 TWh/a is consumed by the group's own mills and the rest =
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is=20
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sold to the market.
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http://www.upm-kymmene.com
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http://www.upm-kymmene.com/upm/energy/energybuild.html
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The deal was led by Sami Tenngren - Nordic Mid-Market, and was supported by=
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=20
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Magnus Groth - EES, Jukka Hormaluoma - energydesk.com, and Martin Rosell -=
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=20
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Legal.
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Congratulations on a job well done to all those who worked so hard to put=
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=20
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this transaction into place........Thor Lien.
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Australia
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Despite heavy flooding in NSW, the weather is looking up for Enron=20
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Australia. Last week, the Sydney Office launched online Hong Kong weather=
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=20
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derivatives and the Sydney weather node traded on EnronOnline in the US ti=
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me=20
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zone. With this precedent, we hope to support the takeoff of global weathe=
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r=20
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on EnronOnline. =20
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The Coal Group in Sydney has suddenly become very popular. There is no doub=
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t=20
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that a recent sale to AES for the plant at Barbers Point, Hawaii is the rea=
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l=20
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reason. Coal purchases during year 2000 have been concluded with most majo=
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r=20
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producers in Indonesia and Australia. We will soon be loading our first=20
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shipment from China. Deliveries to Nippon Steel in Japan are underway. Also=
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,=20
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a shipment to a large power utility in Japan will take place in early 2001.
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Off-shore wind plans
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Enron has entered into agreement to purchase the development assets of a 30=
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=20
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MW offshore wind project in the UK. The Harwich project, situated in=20
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Gunfleet Sands approximately eight kilometres offshore in the North Thames=
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=20
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Estuary is believed to represent one of the first serious investments in th=
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e=20
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development of offshore wind energy in the UK.
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ENRONONLINE STATISTICS
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Below are the latest figures for EnronOnline as of November 27, 2000.
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* Total Life to Date Transactions> 464,000
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* Life to Date Notional Value of Transactions > $263 billion
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NUGGETS & NOTES
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"How does your earnings target look for the quarter?" =01) Brent Price,=20
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VP/Operations & Chief Accounting Officer for EGM
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"Always price the illiquidity risk premium appropriately!" =01) Doug Friedm=
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an,=20
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Director of Financial Petrochemicals and Plastics
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What people say to Julie Gomez,VP/Upstream Services-ENA - "I heard your lau=
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gh=20
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clear across the floor!!!"
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IN THE NEWS
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"The uncertainty [of the presidential election] does not influence business=
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.=20
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It is a relatively short-term distraction. Our business model has not chang=
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ed=20
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and will not change as a result of the election because we've worked very=
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=20
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well with both the Clinton/Gore administration in Washington and the Bush=
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administration in Texas."
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-- Mark Palmer, vice president of Enron Corporate Communications, Associate=
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d=20
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Press
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"The name of Enron may be unfamiliar in Japan, but it should not stay that=
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=20
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way for long.........Joseph Hirl, president of Enron Japan, says: "We don't=
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=20
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go in and try to destroy markets - we go in and create them." Some of the=
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=20
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company's potential customers and business partners may still need to be=20
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persuaded of that, but Enron has a large stock of experience to reassure=20
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them".---Financial Times
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WELCOME
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New Hires ENA/EIM/EGM
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ENA =01) Lydia Atwood-Minter, Kenneth Thibodeaux, Lacye Trevino-Brymer
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EGM =01)Humaira Badat, Daiquiri Lucas
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Transfers to ENA/EIM/EGM
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ENA =01) Trinh Abrell, Terri Austin, Guillermo Balmaceda, Eric Booth, Rober=
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t=20
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Chmielewski, Joyce Dorsey, Sharon Gonzales, Laura Gutierrez, Scott Healy,=
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=20
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Dawn Kenne, Robert Kraszewski, Sandra Morris, David Porter, Daniel Quezada,=
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Henry Quigley, Steven Rose, Felecia Russell, Mary Symes, Dan Williams,=20
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Rosalinda Zermeno
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EGM =01) Braedi Craig, Scott Baukney, Samantha Davidson, David Loosley, Joh=
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n=20
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Massey, Diana Monaghan, Adam Siegel, Ioannis Tzamouranis=20
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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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=20
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and should not be disclosed |