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Enron Mail |
USA: Enron opens steel products depot in Chicago.
Reuters English News Service, 10/01/01 Enron, Switzerland's EWZ Form Trading Joint Venture Dow Jones Energy Service, 10/01/01 UK: U.S. Enron, Swiss EWZ sign power trading jv. Reuters English News Service, 10/01/01 USA: Enron shrs rise on India stake sale talk. Reuters English News Service, 10/01/01 USA: Shares of NewPower plummet in midday trade. Reuters English News Service, 10/01/01 Greece's Development Ministry Grants New Electricity Licenses Bloomberg, 10/01/01 USA: Enron opens steel products depot in Chicago. 10/01/2001 Reuters English News Service (C) Reuters Limited 2001. HOUSTON, Oct 1 (Reuters) - Enron Corp. said on Monday it had opened a depot to store specific types of hot and cold rolled steel coils for "just-in-time" delivery to customers in the Chicago area, creating a spot market for steel in that city. The Houston-based energy and commodities trading giant said it will be able to supply customers from its depot within 48 hours, enabling it to reduce the amount of inventory they store themselves and cut the length of time they hold on to inventory. "By creating commodities out of similar commercial-grade products, Enron provides valuable pricing benchmarks for base products, against which premiums can be set for any enhanced products and risk management services," Jeff McMahon, president and CEO of Enron Industrial Markets said in a statement. In addition to its core natural gas and electricity operations, Enron is also active in markets such as pulp and paper, metals, and telecommunications bandwidth. Enron began offering financial steel swaps in November 2000 and today provides a range of physical products and risk management services to buyers and sellers of steel products through its steel desk and its EnronOnline trading platform. Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved. Enron, Switzerland's EWZ Form Trading Joint Venture 10/01/2001 Dow Jones Energy Service (Copyright © 2001, Dow Jones & Company, Inc.) LONDON -(Dow Jones)- Enron Corp (ENE) and EWZ, the municipal power company of Zurich, said Monday they have formed a trading joint venture located in Zurich, to go into effect Oct. 1. The JV, already approved by the city council of Zurich on Sept. 26, will be jointly managed by EWZ and Enron and will focus on energy trading, portfolio management and powerplant optimization in the wholesale markets in Switzerland and neighboring countries. "The synergies will enable EWZ to offer more choice in products and services to its customers," EWZ managing director Conrad Amman said in a statement. "In this JV Enron is looking forward to work together with an established and forward-thinking market player like EWZ with its many years of experience in the operation of hydraulic power plants and its well-established customer relations," said Peter Heydecker from Enron, who will be co-CEO of the venture. website: www.enroneurope.com www.ewz.ch -By Geoffrey T. Smith, Dow Jones Newswires; (+44 20) 7842 9260; geoffrey.smith@dowjones.com Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved. UK: U.S. Enron, Swiss EWZ sign power trading jv. 10/01/2001 Reuters English News Service (C) Reuters Limited 2001. LONDON, Oct 1 (Reuters) - U.S. energy company Enron and EWZ, municipal utility for the Swiss city of Zurich, said on Monday they had set up a power trading joint venture which would start operating at the end of October. The joint venture, which has already been approved by the city council of Zurich, will be jointly managed by both companies and focus on trading in the wholesale markets in Switzerland and neighbouring countries. "The JV combines EWZ's long-established extensive knowledge of the Swiss market and Enron's trading and risk management expertise," said Conrad Ammann, managing director of EWZ, in a statement. Swiss market is not open to competition but electricity companies trade with each other and with counterparts in other countries. The Swiss are expected to vote on referendum in June next year on electricity liberalisation. EWZ is one of the seven largest electricity companies in Switzerland with 250,000 customers who buy three terawatt hours a year. Its total production is five terawatt hours a year from nuclear and hydro plants. Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved. USA: Enron shrs rise on India stake sale talk. 10/01/2001 Reuters English News Service (C) Reuters Limited 2001. NEW YORK, Oct 1 (Reuters) - Shares of electricity and natural gas marketer and trader Enron Corp. on Monday rose 4 percent after India's largest private utility said it was in preliminary talks to buy Enron's share of the troubled Dabhol Power power plant in India. Enron's shares gained $1.21 to $28.44 Monday on the New York Stock Exchange. Tata Power, India's largest private utility, said it was in early talks to buy Enron's 65 percent share of the $2.9 billion Dabhol Power unit. Dabhol has faced problems ever since it was forced to shut its 740-megawatt plant on India's west coast in June after its sole customer, a local state utility, stopped buying power. It also defaulted in earlier payments. Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved. USA: Shares of NewPower plummet in midday trade. 10/01/2001 Reuters English News Service (C) Reuters Limited 2001. NEW YORK, Oct 1 (Reuters) - Shares of electricity provider NewPower Holdings were down almost 20 percent on Monday on the New York Stock Exchange, but the company had no comment on the share drop. Shares of NewPower were down 55 cents, or 17.9 percent, to $2.53 in midday trade on the New York Stock Exchange. "We don't comment on stock activity. We are reporting our earnings in November," said Gael Doar, spokeswoman for NewPower. NewPower, which bills itself as the first national provider of electricity and natural gas to residential and small commercial customers, recently became the outside provider with the greatest share for competitive energy providers as part of the Texas's deregulation. Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved. Greece's Development Ministry Grants New Electricity Licenses 2001-10-01 11:42 (New York) Athens, Oct. 1 (Bloomberg) -- Greece granted 10 licenses to foreign companies to provide and produce electricity, as the country deregulates its energy market. Cinergy Corp., an Ohio-based electricity and gas utility, Enron Corp.'s U.K. unit, Enel SpA, Italy's largest power company, and the Swiss Atel Group, were each awarded permits to operate electricity transmission units totaling 1,100 megawatts, the Development Ministry said in a statement. Michaniki, Aegek, Aluminium of Greece, Cinergy & Energa Consortium, as well as the Kavala CCGT Power Plant Consortium, each were awarded permits for electricity production plants totaling 954 megawatts. Greece, which opened up the market to competition in February, has said that it will allow private companies to provide no more than 30 percent of the country's total energy production, while Public Power Corp., the former electricity monopoly, will produce the rest.
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