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Enron Mail |
Team,
As I mentioned in our HPL staff meeting we are investigating the merits of entering into a joint venture or another transaction structure that will position HPL to effectively compete in the Texas intrastate market. Our primary objective is to gain access to additional sources of gas supply and achieve the required economies of scale to compete with other intrastate pipelines. I would appreciate your confidence and support in developing the optimal course of action for HPL and for Enron. The skills that we have developed in our group are critical to growing our Upstream Origination business in N. America, as well as to the ongoing operation of HPL. Our origination strategy is to leverage our business operations, field operations, engineering, producer services, and marketing skills to capture value from transportation, gathering, storage and commodity opportunities on the gas/power grids. We need our current employees to accomplish this objective across N. America. We have proven our ability to add value to Enron by developing the Powder/Wind River pipelines, installing electric compressors, contracting for processing capacity, and establishing a new gas supply corridor along the Gulf Coast. Our recent efforts to provide services such as business operations, measurement, trading/marketing, and accounting services to third party producers and pipelines also looks to be a promising growth opportunity. It is very important to our ongoing business relationships and our competitive position in the market place that we DO NOT discuss HPL related matters with third parties. Please come see me if you have any specific questions or concerns. Also please refer any third party inquiries regarding HPL to Tim Determing. Regards, Brian
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