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Enron Mail |
Please see below the latest edition of GlobalFlash! Apologies for the dela=
y. Regards, Tracy ---------------------- Forwarded by Tracy Ralston/EU/Enron on 29/11/2000=20 16:45 --------------------------- =20 =09 =09 =09From: Enron Europe General Announcement @ ECT = =20 24/11/2000 09:40 =09 Please respond to Jackie Gentle/LON/ECT To: ECT Asia Pacific, ECT Europe cc: =20 Subject: Newsletter: GlobalFlash! BUSINESS HIGHLIGHTS Nordic energy agreement with UPM-Kymmene Enron Nordic Energy and UPM-Kymmene Corp. have signed a two-year portfolio= =20 management agreement covering UPM Kymmene's Nordic power portfolio. The=20 Mid-Market desk in the Oslo office will assist UPM in optimising its=20 portfolio of approximately 14 TWh. energydesk.com will provide UPM with the= =20 risk management system used in the process. In addition, the agreement open= s=20 the door for Enron Energy Services to explore a variety of opportunities=20 within the company. The Nordic agreement is the first step towards a broade= r=20 scope of co-operation with UPM on a European and Global basis. The total=20 contract value is estimated to be $375 million. UPM-Kymmene's nominal electricity resources total about 3000 MW, of which= =20 2500 MW in Finland and about 500 MW in other countries. The group's power= =20 procurement totals approximately 18 TWh per year, of which about 14 TWh in= =20 Finland. Around 15 TWh/a is consumed by the group's own mills and the rest = is=20 sold to the market. http://www.upm-kymmene.com http://www.upm-kymmene.com/upm/energy/energybuild.html The deal was led by Sami Tenngren - Nordic Mid-Market, and was supported by= =20 Magnus Groth - EES, Jukka Hormaluoma - energydesk.com, and Martin Rosell -= =20 Legal. Congratulations on a job well done to all those who worked so hard to put= =20 this transaction into place........Thor Lien. Australia Despite heavy flooding in NSW, the weather is looking up for Enron=20 Australia. Last week, the Sydney Office launched online Hong Kong weather= =20 derivatives and the Sydney weather node traded on EnronOnline in the US ti= me=20 zone. With this precedent, we hope to support the takeoff of global weathe= r=20 on EnronOnline. =20 The Coal Group in Sydney has suddenly become very popular. There is no doub= t=20 that a recent sale to AES for the plant at Barbers Point, Hawaii is the rea= l=20 reason. Coal purchases during year 2000 have been concluded with most majo= r=20 producers in Indonesia and Australia. We will soon be loading our first=20 shipment from China. Deliveries to Nippon Steel in Japan are underway. Also= ,=20 a shipment to a large power utility in Japan will take place in early 2001. Off-shore wind plans Enron has entered into agreement to purchase the development assets of a 30= =20 MW offshore wind project in the UK. The Harwich project, situated in=20 Gunfleet Sands approximately eight kilometres offshore in the North Thames= =20 Estuary is believed to represent one of the first serious investments in th= e=20 development of offshore wind energy in the UK.=20 Weekly EnronOnline Figures Below are the latest figures for EnronOnline as of November 20, 2000. * Total Life to Date Transactions < 450,000 * Life to Date Notional Value of Transactions < $253 billion SAP SYNCHRONISATION AND ALLOCATION PROJECT Recently we updated you on the SAP Synchronisation and Allocation project. = =20 The changes being made are designed to assist business units in tracking an= d=20 controlling costs.=20 What's changing?=20 New Project Codes: =20 We will be moving from the current project tracking mechanism, Internal=20 Orders (I/O), to using WBS (Work Breakdown Structure) . These new codes= =20 facilitate better project reporting and are grouped hierarchically into=20 structures. These groupings are based on project organisation, phasing or= =20 activities and provides a project overview. The PS Module within SAP=20 provides for a common template offering some key advantages: =20 - provides consistency across projects and business units=20 - facilitates comparison between projects=20 - provides a logical grouping of code structures This tracking mechanism will also be used for capital projects or expense= =20 projects that require cost tracking.=20 What about training? To ensure your comfort with the changes listed above, training materials ar= e=20 currently under development by the project team. Core training is schedule= d=20 to be December 4 - December 22 and training notifications will be sent=20 shortly to those users who are affected by these changes. These=20 notifications will come via an email from European T&D and will enable you = to=20 register for available classes. ENRON IN THE PRESS "The name of Enron may be unfamiliar in Japan, but it should not stay that= =20 way for long.........Joseph Hirl, president of Enron Japan, says: "We don't= =20 go in and try to destroy markets - we go in and create them." Some of the= =20 company's potential customers and business partners may still need to be=20 persuaded of that, but Enron has a large stock of experience to reassure=20 them". Financial Times EUROPE TRIUMPHS AT THE MANAGEMENT CONFERENCE We are pleased to report a great showing by Enron Europe people in the=20 various competitions organised as part of this year's Enron Management=20 Conference in San Antonio: Golf: Brian Stanley was a member of the winning team=20 Tennis: Rob Saltiel won and Steve Elliott was runner up. Road Rally: Jackie Gentle's team was third. [We beat Ken Rice in his Ferra= ri=20 and we stopped for ice-cream. Hee! Hee! ....Ed.] Road Rally: Eric Shaw & Riccardo Bortolotti won the fastest rental= =20 car in the slalom section. Everyone is strangely silent on who won (or lost) the after dinner poker ga= me=20 ........... NEW STARTERS Please join us in extending a warm welcome to this week's new members of=20 staff: Andrew Davison (Global Finance), Nick Arnold (Power Trading UK), Steven Los= =20 (Transaction Support), Melanie Shuckard (Coal Trading), Mark Sheey (Fin Ops= =20 Fin Rptg), Toni Duff (Enron Broadband Trading), Marc Hammerson (Legal), Jos= e=20 Leitao (EES Middle Market), Mustafa Hussein (Govt & Regulatory Affairs),=20 Brenda Van de Peer (Global Operations), Lorna Hyde (HR A&A), Jacob Meins=20 (European Gas Trading), Mark Leahy (EnronCredit.com) TELEPHONY UPDATE The European Telephony Group have added a new facility to the Enron House= =20 Telephone System, which will give staff using mobile phones the ability to= =20 have their conversations recorded. This is primarily aimed at Traders who= =20 may need confirmation of a conversation for a transaction, which is not mad= e=20 from an Enron House phone. To use the facility out users should dial 37373= =20 from their Enron Mobile, at the sound of the dialtone they should dial as i= f=20 they would for any call from inside Enron House -- i.e. dial '9' and the=20 relevant number to talk to the client. The Telephony Group can retrieve th= e=20 conversation on demand and replay to the trader. UPDATE FROM AYSCOUGH TRAVEL Please be advised, should you miss one leg of your journey and have onward= =20 flight connections there is a strong possibility the airline will cancel th= e=20 reservations, if they have not been advised accordingly. Airlines are=20 constantly monitoring for passengers who fail to make their reservation or= =20 who hold multiple bookings on similar routings. In order to increase their= =20 passenger revenue they will delete duplicate or onward bookings and sell th= e=20 seats at a higher fare. Please advise the Implant Office of any amendments= =20 to your travel arrangements as soon as they are available. This is imperati= ve=20 if your changes arise during your business trip. Ayscough Travel thanks yo= u=20 in advance for your assistance! CORRECTION: CHAIRMAN'S AWARD We would like to make an apology to all the employees who were incorrectly= =20 listed as London based staff in last week's GlobalFlash. Please see below= =20 for the correct listings: Paul Bates - Teesside=20 Paula Bowman - Teesside John Brodie - Teesside Peter Burke - Teesside Terry Bye - Teesside Sue Caswell - Teesside Eric Chamberlain - Teesside Graham Taylor - Teesside Caroline Cunliffe - Teesside=09Sarah Grimes - Teesside =09Tim Roy - Teesside =09Terry Waldron - Teesside =09Trevor High - Teesside =09Christine Hill - Teesside =09Mike Mason - Teesside =09Geoff Milward - Teesside =09Richard Murray - Teesside =09Mike Mussett - Teesside=09Colin Telfer - Teesside =09=09Dave Shaw - Teesside =09=09Kevin Westwood - Teesside =09=09Judith Wong - Teesside =09=09Gary Douthwaite - Teesside =09=09Paul Frankland - Teesside =09=09Hans-Mart Groen - Amsterdam =09=09Jose Luis Novo - Madrid =09=09 AMERIFLASH BUSINESS HIGHLIGHTS Coal Trading The liquidity in trading of the Standard European Coal Agreement has=20 increased significantly over the last 6 weeks. Many counterparties that=20 previously opted to stay on the sidelines finally chose to join the game.= =20 Since the contract's inception at the beginning of the year, Enron has trad= ed=20 a total of 5.3 million tons against the SECA contract, of which 3.8 million= =20 tons has been traded via EnronOnline since July 2000. We are 5.3 million= =20 tons of a total traded market of 5.8 million tons. Principal Investments Tridium Inc., the leading provider of Internet-based automation=20 infrastructure solutions, announced the close of a $20 million round of=20 capital funding. The funds will be used to increase Tridium=01,s sales and= =20 technical support offices in North America, expand its operations into Euro= pe=20 and Asia, and enhance its technology and products. kRoad Ventures, L.P. and= =20 Enron North America each contributed $10 million in venture capital. Corporate Development Allegheny Energy Supply Company, LLC, a wholly owned subsidiary of Alleghen= y=20 Energy, Inc., announced the signing of a definitive agreement under which= =20 Allegheny Energy Supply will purchase three Enron natural gas-fired merchan= t=20 generating facilities. The acquisition is expected to close in the 2nd=20 quarter of 2001.
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