Confirming What We Already Knew

FYI. Go Leslie!

Best,
Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 03/19/2001 12:54 PM -----

Jeffery Fawcett/ENRON@enronxgate
03/19/2001 10:01 AM

To: Steven Harris/ET&S/Enron@ENRON, Shelley Corman/ENRON@enronXgate, Susan
Scott/ENRON@enronXgate, Kevin Hyatt/ENRON@enronxgate, Michelle
Lokay/ENRON@enronXgate, TK Lohman/ENRON@enronxgate, Lorraine
Lindberg/Enron@enronXgate, Jeff Dasovich/NA/Enron@Enron, Drew
Fossum/ET&S/Enron@ENRON, Mary Kay Miller/ET&S/Enron@ENRON
cc:
Subject: Confirming What We Already Knew

Dynegy: Enron a 'Model Competitor'
It doesn't happen very often, so we're noting an apparently spontaneous
comment from Dynegy Counsel Ed Ross at a FERC Roundtable last week that one
of his chief competitors, Enron, "has done an excellent job of being
competitive." He suggested others could look to Enron as a "model competitor.
They've done a very good job of setting up a strong financial desk and a
strong physical desk and we don't see any problem with it. I think they have
set up their books in a way that they truly have separation between the
regulated and unregulated aspects of their business."
Ross had prefaced the remark, midway through a heated debate on affiliate
abuses, with the comment that "this is not an industry-wide problem. I
believe there are good and bad players in the market today."
Earlier, Enron's Leslie Lawner had invited "all of you to spend the day on
Enron's trading floor, because I assure you, you will not see a more
competitive environment anywhere. There is no way these folks, who fight like
cats and dogs among themselves, would voluntarily transfer value to the
pipeline group for the good of the bottom line." Lawner had to quickly back
off the invitation - mentioning confidentiality restrictions - when it
appeared about half the room was ready to troop over to the trading floor.