FW: EMP competition from Enron

This doesn't look like you were negotiating with us in good faith on
Energy Marketplace.......

< Enron Launches Global Web-Based Commodity Trading Site
< October 26, 1999 11:49 AM EDT
< HOUSTON, Oct. 26 /PRNewswire/ -- Enron (NYSE: ENE
< </v1?pcnexec=Browser/http://cgi.entrypoint.com/cgi-bin/ep_comp_link_articl
< es.cgi?location=www.entrypoint.com/stock/stock_summary.asp&exc=usa::&tkr=E
< NE<) announced today the launch of EnronOnline, a global Internet-based
< transaction system for wholesale energy and other commodities. EnronOnline
< will allow participants to not only view commodity prices in real-time but
< also to directly transact with Enron over the Internet free of commission.
< The transaction system will go live on Nov. 29, 1999, with the launch of
< North America natural gas to be followed by all other products over the
< next six weeks.
< "EnronOnline offers customers the next level of wholesale energy
< transaction service by having easy and simple access to Enron's prices and
< products," said Jeffrey K. Skilling, president and COO of Enron. "This
< Internet system complements Enron's extensive marketing capabilities and
< gives our counterparties the choice of transacting over the telephone or
< instantly through our website."
< Enron's customers across the world will be able to access several hundred
< traded products through EnronOnline. The company will leverage its
< wholesale market expertise to publish real-time prices for power, natural
< gas, coal, weather products, liquids, petrochemicals, pulp and paper,
< emission credits and other commodities in the Americas, Europe and Asia.
< It will continue expanding web-based commodity and product offerings
< globally.
< "Unlike other Internet commodity service providers, EnronOnline doesn't
< match buyers with sellers," said Skilling. "Customers will be able to
< instantaneously conduct transactions directly with an Enron company as a
< principal."
< Real-time capabilities in the United States will be delivered wherever
< possible through Enron Communication, Inc.'s intelligent fiber optic
< network. This system is designed to combat web latency and create a true
< real-time environment online for Enron's customers.
< A preview of the system is currently available at www.EnronOnline.com
< <http://www.EnronOnline.com<;.
< Enron is one of the world's leading electricity, natural gas and
< communications companies. The company, which owns approximately $34
< billion in energy and communications assets, produces electricity and
< natural gas, develops, constructs and operates energy facilities
< worldwide, delivers physical commodities and financial and risk management
< services to customers around the world, and is developing an intelligent
< network platform to facilitate online business. Enron's Internet address
< is www.enron.com <http://www.enron.com<; and the stock is traded under the
< ticker symbol, "ENE."
<

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