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Enron Mail |
Mr. Dyson:
Jennifer Medcalf asked me to forward to you the following brief overview of Enron's relationship with Continental. Please feel free to contact Tracy Ramsey directly at #(713)-646-8311 with any further questions regarding Enron's buy side relationship with Continental. Ramsey is the Global Strategic Sourcing, Portfolio Leader, who manages the Continental relationship. Enron Buy Side with Continental: Current Enron US spend on Continental airline tickets was approximately $40 million in FY 1999 and $17.5 million for the first six months of 2000. Enron Sell Side with Continental: Additionally, Enron has a strong relationship with Continental's Fuel Management company. Specifically, Enron has been hedging Continental's crude oil over the past 2+ years. Value to Enron has been over $9 million; value to Continental has been over $45 million since 1999. Enron Global Markets is currently exploring several other business propositions with Continental Airlines in the following areas of financial risk management: weather derivatives, plastics hedging, and on-line jet swaps. Enron Energy Services is exploring an energy (electric commodity) deal with Continental as well. Mr. Dyson, please don't hesitate to call if I can be of further assistance regarding these sell side opportunities. Sarah-Joy Hunter Manager, Global Strategic Sourcing Business Development Enron Corporation #(713)-345-6541
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