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Enron Mail |
BUSINESS HIGHLIGHTS
Weather Trading The weather desk closed a 3-year precipitation collar with payouts linked t= o=20 natural gas prices. The transaction hedges included Asian options from the= =20 gas market, precipitation floors from the weather market, and precipitation= =20 insurance from the insurance market. Eight companies were involved in the= =20 transaction including the following Enron companies: EGM, ENA, Enron Re, an= d=20 RMT. Along with the hedges, the end result of the transaction is cheap=20 3-year precipitation call options and precipitation dependent natural gas= =20 call options for the weather desk. Houston Pipe Line Company On Thursday, January 11, American Electric Power (NYSE: AEP) announced that= =20 they have executed a definitive agreement under which AEP Energy Services G= as=20 Holding Co., a wholly owned subsidiary of AEP, will acquire the stock of=20 Houston Pipe Line Co. from Enron Corp. Included in this agreement are all = of=20 the pipeline assets of HPL, as well as a 30-year operating lease for the=20 Bammel Storage Facility, the Houston Loop and the Texas City Loop. =20 IN THE NEWS "Enron is, in other words, the biggest, baddest B2B e-commerce company on t= he=20 planet, and its experience belies the idea that innovation is impossible in= =20 large organizations." -- eCompany Now, January/February 2001. BROWN BAG Mark your lunch calendars now for the upcoming Brown Bag featuring Gary=20 Taylor, manager in weather trading. He will present an overview of the=20 weather risk management market. It=01,s next Thursday, January 18,=20 11:30am-12:30pm, in 5C2. RSVP today to ext. 5-7352. NUGGETS & NOTES "What am I missing?!" - Mike Bradley, Vice President/Equity Trading-EGM "Do something!" - David Vitrella, Manager/Equity Trading-EGM "We may not do the most EnronOnline trades, but we do the largest" - Larry= =20 Gagliardi, Director/Oil Products-EGM =01&We have completed an efficient and successful transition from Energy=20 Outsourcing to Steel. Of course, as my dad used to say, =01+talk's cheap, = takes=20 money to buy whiskey.=01, In 2001, we'll let our P&L performance do the bul= k of=20 the talking.=018 - Tim Battaglia, Vice President/Steel Origination - EIM Congratulations to William Stuart, manager in currency trading and Charla= =20 Stuart, manager in community relations. They are the proud parents of Aaro= n=20 Myles Stuart, who was born January 9 and weighed 7.11 lbs. Sean Keenan, associate in EIM, and wife, Katherine, are the proud parents o= f=20 William Patrick, who was born January 1 and weighed 6.4 lbs. Carlos Ruiz, associate in EIM, and wife, Maria, are excited to announce the= =20 arrival of their new baby boy. Cristobal Ruiz was born on January 8 and=20 weighed 7 lbs. WELCOME New Hires ENA - Thomas Barkley, Rakesh Bharati, Delmar Davis, Andrew Edison, Brendan= =20 Fitzsimmons, Patricia Goode, Michelle Huber, Ken Lewchuk, Wykena Lipscomb,= =20 Albert Meyers, Stacie Mouton, Victor Munoz, Wichai Narongwanich, Christophe= r=20 Ordway, Brent Johnston, Michael Law, Michelle Wells, Peter Piorecki,=20 EIM =01) Jill Lafave LEGAL STUFF The information contained in this newsletter is confidential and proprietar= y=20 to Enron Corp. and its subsidiaries. It is intended for internal use only= =20 and should not be disclosed.
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