ENRON BROADBAND SERVICES LAUNCHES ONLINE BANDWIDTH TRADING IN

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----- Forwarded by Lara Leibman/Enron Communications on 02/27/01 07:35 PM=
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=09PR & Marketing
=09Sent by: EBS Announcements
=0902/27/01 01:35 PM
=09=09=20
=09=09 To: All EBS
=09=09 cc:=20
=09=09 Subject: ENRON BROADBAND SERVICES LAUNCHES ONLINE BANDWIDTH TRADING =
IN EUROPE

Anita Cullen
Enron Broadband Services=20
+44 (0) 20 7783 2384

ENRON BROADBAND SERVICES LAUNCHES ONLINE BANDWIDTH TRADING IN EUROPE

FOR IMMEDIATE RELEASE: Tuesday, February 27,2001

LONDON =01) Enron Broadband Services, a wholly-owned subsidiary of Enron Co=
rp.=20
(NYSE: ENE), announced today the launch of online bandwidth trading in=20
Europe. Bandwidth transactions that used to take months to close can now be=
=20
concluded in minutes, creating wholesale market efficiencies.
Bandwidth trading is carried out via the EnronOnline trading platform. =20
Launched in November 1999 to handle the trading of Enron=01,s natural gas, =
oil,=20
electricity and other commodities, EnronOnline is the world=01,s largest=20
business-to-business e-commerce website, currently handling over 3,850=20
transactions with a notional value of over $2.6 billion, each day. =20
The easy-to-use, customisable site enables registered customers to log on a=
nd=20
buy and sell bandwidth in just a few clicks. STM-1 capacity is available,=
=20
with contract durations of between three and 12 months and forward delivery=
=20
ranging from two to 14 months. Once a transaction is closed, settlement and=
=20
provisioning are handled offline.=20
To provide the physical infrastructure to enable bandwidth trading, Enron h=
as=20
installed pooling points, or switching and interconnection facilities at=20
selected locations throughout Europe, through which connections between=20
bandwidth buyers and sellers can be established and monitored. To further=
=20
facilitate the commoditisation of bandwidth, Enron has also developed=20
standard terms and conditions which provide firm start dates and service=20
level agreements backed by liquidated damages.=20
=01&Enron=01,s online bandwidth trading service is not an exchange or bulle=
tin=20
board. Instead, it satisfies orders at a quoted price with Enron acting as=
=20
the principal,=018 said Marcello Romano, vice president, Bandwidth Trading,=
=20
Enron Broadband Services, Europe.
=01&The last three months have marked a turning point in the development of=
this=20
market in Europe. Participants are waking up to the value of firm service=
=20
level agreements and the flexibility offered through bandwidth trading and=
=20
risk management solutions. The best efforts service associated with this=20
market is finally being challenged.=018
###
Editor=01,s Notes
About Enron=20
Enron Broadband Services is a leading provider of high quality, high=20
bandwidth delivery and application services. The company=01,s business mod=
el=20
combines the power of the Enron Intelligent Network, Enron=01,s Broadband=
=20
Operating System, bandwidth trading and intermediation services, and=20
high-bandwidth applications to fundamentally improve the experience and=20
functionality of the Internet. Enron=01,s Broadband Operating System allow=
s=20
application developers to dynamically provision bandwidth for the quality o=
f=20
service necessary to deliver broadband content. Enron is also creating a=
=20
market for bandwidth that will allow network providers to scale to meet the=
=20
demands required by increasingly complex applications. Enron Broadband=20
Services can be found on the Web at www.enron.net.=20
EnronOnline (www.EnronOnline.com) offers customers a free Internet-based=20
system for conducting wholesale transactions with Enron as principal. =20
EnronOnline provides real-time prices for bandwidth, power, natural gas,=20
coal, weather products, petrochemicals, pulp and paper and other commoditie=
s=20
in the Americas, Europe and Asia. Since its launch in November 1999,=20
EnronOnline has expanded to include approximately 1,120 products and has=20
completed over 685,000 transactions with a total notional value exceeding=
=20
$420 billion.
Enron is one of the world=01,s leading electricity, natural gas and=20
communications companies. The company, with revenues of $101 billion in=20
2000, markets electricity and natural gas, delivers physical commodities an=
d=20
financial and risk management services to customers around the world, and h=
as=20
developed an intelligent network platform to facilitate online business. =
=20
Fortune magazine has named Enron =01&America=01,s Most Innovative Company=
=018 for six=20
consecutive years. Enron=01,s Internet address is www.enron.com. The stoc=
k is=20
traded under the ticker symbol =01&ENE.=018