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Enron Mail |
---------------------- Forwarded by Kay Mann/Corp/Enron on 01/26/2001 09:32=
=20 AM --------------------------- =20 =09 =09 =09From: ENA Public Relations 01/25/2001 08:20 P= M =09 Sent by: Enron Announcements To: All_ENA_EGM_EIM cc: =20 Subject: EnTouch Newsletter HIGHLIGHTS FULL YEAR PERFORMANCE SUMMARY Wholesale Services: Income before interest, minority interests and taxes=20 (IBIT) of the wholesale group increased 72 percent in 2000 to $2.3 billion.= =20 Commodity Sales and Services: The 160 percent increase to $1.6 billion in= =20 Commodity Sales and Services IBIT for 2000 reflects Enron=01,s broad-based= =20 success in building energy franchises across North America and Europe. For= =20 the full year, Enron=01,s North American natural gas business led the group= =01,s=20 increase both in volume levels and profitability. In 2000, Enron completed its first full year of deploying EnronOnline, whic= h=20 quickly became the world=01,s largest web-based e-commerce site. During the= =20 year, Enron executed 548,000 transactions online with 3,000 customers,=20 totaling $336 billion of gross value. In addition to expanding the market= =20 reach of 1,200 wholesale commodity products, EnronOnline=01,s internal feat= ures=20 have enabled very significant expansion in scale, efficiency, information a= nd=20 liquidity. These sustainable competitive advantages contributed to both the= =20 expansion of Enron=01,s existing wholesale businesses as well as the growth= of=20 new businesses. Physical volumes in 2000 increased for gas and power in every major region= =20 where Enron operates, including: Total Wholesale: * a 59 percent total increase in wholesale volumes to 51.7 TBtue/d; * an 82 percent increase in natural gas volumes to 28.3 TBtue/d; and * a 62 percent increase in power volumes to 633 million megawatt hours.=20 North America: * a 77 percent increase in natural gas volumes to 24.7 TBtue/d; and * a 52 percent increase in power volumes to 579 million megawatt hours. Europe and Other: * a 131 percent increase in natural gas volumes to 3.6 TBtue/d; and * a 372 percent increase in power volumes to 55 million megawatt hours. Assets and Investments: The Wholesale Assets and Investments business=20 reported $889 million IBIT compared to $850 million last year. The earnings= =20 reflect contributions from Enron=01,s asset operations comparable to 1999= =20 levels. Relative to last year, Enron experienced an increase in the total= =20 value of its merchant investments and lower gains from sales of energy asse= ts. Enron also announced increased earnings target for 2001 to $1.70 - $1.75 pe= r=20 share. =20 IN THE NEWS "At the same time, Enron Corp. nearly doubled its market value to more than= =20 $60 billion, roughly equal to Walt Disney Co. and double the market=20 capitalization of Compaq Computer Corp. Enron is the largest Houston=20 company, ranked by annual revenue. Compaq is second." -- Houston Business= =20 Journal (January 12-18) NUGGETS & NOTES Quotes from the Office of the Chairman "It's WA-T-ER not "wadder"!" - Nicki Daw, Executive Assistant to Mark=20 Frevert-EWS "Help me, help YOU!" -Liz Taylor, Executive Assistant to Greg Whalley-EWS "You're the Boss, Applesauce!" - Kay Chapman, Executive Assistant to Dave= =20 Delainey-EA "John's always in a good mood!" - Kim Hillis, Sr. Admin. Assistant to John= =20 Lavorato-EA "Yes, I have moved and my new location is..." - Cathy Phillips, Executive= =20 Assistant to Mike McConnell-EGM=20 "You Got It!!!!" - Jennifer Burns, Sr. Admin. Assistant to Jeff Shankman-EG= M "When's the sunny weather back? I left England for this!!!" - Sue Ford,=20 Executive Assistant to Jeff McMahon-EIM "........well you know we are tight on space!" - Marsha Schiller, Executive= =20 Assistant to Ray Bowen-EIM Congratulations! to Jody Pierce, manager in Business Analysis & Reporting a= nd=20 wife Tara. They are the proud parents of Joseph Michael Pierce II. He was= =20 born December 31and weighed 7lbs. 4oz.=20 Congratulations! to Scott Earnest, director for EGM Global Products, and= =20 wife Lanette Earnest, ENA Tax. They are the proud parents of Nicole=20 Mackenzie Earnest. She was born January 17 and weighed 6 lbs. 8 oz. WELCOME EGM New Hires Bob Beyer - Manager - Weather Risk Management Marketing (Chicago) Partho Ghosh - Manager - Weather Risk Management Marketing Gray Calvert - Associate - Weather Risk Management Structuring Sandeep Ramachandran - Manager - Weather Risk Management Trading Huy Dinh - Staff - Weather Risk Management Data Acquisition/Trader Support 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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