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Enron Mail |
BUSINESS HIGHLIGHTS
Weather Group Let=01,s give a big round of applause to the Weather Team! Environmental= =20 Finance Magazine ranked the weather group #1 in Online Services and #1 Deal= er=20 in the United States and Europe. Gary Taylor, manager in weather trading,= =20 comments, "The "Best Dealer" award reflects our counterparties' appreciatio= n=20 for the significant effort we have made to drive the growth of our market b= y=20 making two-sided markets where other companies are only willing to quote=20 either a bid or an offer. This award also reflects the innovative nature o= f=20 everyone on our desk, and their ability to price non-standard structures fo= r=20 our customers. It is truly a team award. The "Best Online Dealer" award i= s=20 simply another testament to the unparalleled success of EnronOnline. By=20 providing tight, two-way markets online, we have provided two critical=20 elements to generate growth in our market: 1) an element of price discovery= ,=20 and 2) a quick and easy way to transact." The Weather Risk Management group launched a new product this week: Power= =20 Demand swaps. These contracts use power demand as an index and allow power= =20 market participants (generators, btu distributors, marketers, etc...) to=20 mitigate volumetric exposures. The first contract the desk offered is for= =20 the PJM power pool. On EnronOnline, weekly swaps are available and the des= k=20 has placed option contracts on this index in the broker market. Inquiries= =20 regarding this product should be directed to Claudio Ribeiro (product=20 manager) x37313, Gary Taylor x31511, or Valter Stoiani x36906. Competitive Analysis and Business Controls eSource, Enron's premier corporate-wide research group, launched their new= =20 intranet product, eSearch, on December 1, 2000. eSource's team of=20 specialized researchers have created a web site to bring information and=20 research to every employee's desktop. The eSearch web site offers many lin= ks=20 to information resources, access to research databases, specialized searche= s,=20 sites to purchase books, articles, and reports, and training. Employees ca= n=20 use the web site to conduct their own research or as a vehicle to submit=20 research requests. eSource's researchers and industry specialists are=20 available to all Enron business units to provide timely and cost efficient= =20 research, to work with individuals or groups to fulfill one time research= =20 requests, or to design ongoing, customized monitoring projects or news=20 updates. Enron Global Markets Fundamentals EGM Fundamentals is quickly building a team of expert analysts and associat= es=20 to work directly with traders and marketers. The team is already busy=20 analyzing various commodities and market situations. For example, an=20 initiative is underway to analyze current negative fractionation spreads in= =20 the market resulting from rising natural gas prices. Web sites to host thi= s=20 analytical information are currently in development for all EGM commodities= . =20 These sites will provide research and analysis, weather, publications, and= =20 any other information that will assist in decision-making or identification= =20 of potential commercial opportunities. For questions or requests regarding= =20 fundamental research, contact Jennifer Fraser at x34759. For questions or= =20 suggestions regarding the web sites, contact Heather Purcell at x54057. Austin Energy Austin Energy and Enron Sandhill, L.L.C, a subsidiary of Enron North Americ= a=20 broke ground November 29, 2000 for the construction of the Sand Hill Energy= =20 Center, a 180-megawatt peaking electrical generation facility. Located in= =20 eastern Travis County, the Sand Hill Energy Center will be a natural gas=20 fired facility that will operate primarily during peak demand periods. The= =20 $93.7 million project will feature four 45-megawatt General Electric gas=20 turbines and will be operational May 1, 2001. NEWS FROM THE GLOBALFLASH Coal The London dry cargo seafreight team traded 1 million metric tonne of=20 Capesize vessel swaps via EOL in one day, (Wednesday 28th November). The de= al=20 was created by combining OTC options and a physically related cash market= =20 deal. This helps to bring our YTD EOL to just under 2.5 mln tonne. Off-shore wind energy deal Enron Wind has signed a power purchase agreement with Swedish energy compan= y=20 Graninge. According to the agreement, Graninge will deliver electricity to= =20 consumers using Enron's wind power plants in southern Sweden. Enron Wind's= =20 Utgrunden off-shore wind park, completed this year, will generate in the=20 region of 38,000 megawatt hours of electricity, or enough for around 6,000= =20 average homes between the mainland and the island of Oland on the southeast= =20 tip of Sweden. In an announcement this week, Graninge stated that it plans= =20 to market the power to consumers as 'green' energy. Happy 1st Birthday EnronOnline! This week saw EnronOnline celebrate its first birthday. During the course = of=20 its first year, EnronOnline has passed a number of milestones including the= =20 addition of a range of new functionalities for customers on the site. =20 EnronOnline has now come of age, having surpassed the $274 billion mark in= =20 notional value in November. This represents a total of 478,695 transaction= s=20 since the site was launched on 29 November 1999. The first anniversary was marked by giving the media guest access to=20 EnronOnline in Europe. A team from Reuters was invited into Enron House to= =20 receive a full demonstration of EnronOnline and as of today will be able to= =20 quote in reports live prices from EnronOnline. Other media outlets are bei= ng=20 invited to obtain guest access during the coming weeks as the word of=20 EnronOnline's success continues to spread... Australia Enron Australia continues to assist in the region in a supportive role. =20 Elliott Katz worked on the GEM migration in Singapore last week with an IT= =20 team from London, Oslo and Singapore. Approximately 40 users, including=20 Traders, were migrated to Windows 2000 and the CORP domain. This is an=20 important step for the Asia Pacific region, as it brings the three biggest= =20 offices (Singapore, Sydney and Tokyo) into line with corporate standards fo= r=20 desktop computing. Japan E-Power, a JV between Enron and Japanese finance company Orix, has announce= d=20 proposals for a 2000MW gas-fired power plant at Mutsu-Ogawara, an industria= l=20 area in northern Japan. A feasibility study will be undertaken to define= =20 how the project will go forward and this may include the development of an= =20 LNG terminal in the vicinity. The nature of the permitting process is such= =20 that the plant would not begin operations for six to seven years. This=20 project is just one of several options that E-Power are working on in Japan= . NUGGETS & NOTES =01&Go Big or Go Home=018 =01) Mike McConnell/President & CEO-EGM "Call Back" - Don Schroeder, VP/Crude Trading-EGM REMINDER Holiday Party Enron North America, Global Markets and Industrial Markets Enron Field Saturday, December 9 7:00 - Midnight WELCOME New Hires ENA/EIM/EGM ENA =01) Joseph Taylor, Jennifer Rosado, Rabi De, Louis Dicarlo, Scott Chur= bock,=20 Kenneth Parkhill, Nicholas Ernst, Dirk Dimitry, Stephanie Taylor, Dimitri= =20 Tagaropulos, Georgia Blanchard, Jona Kimbrough, Jeffrey Baldwin, Patricia= =20 English, Jaesoo Lew, Cheryl Nelson, Gina Abbott, Ryan Keith, Brian Dawson EGM =01)Ellen Alexander, Mike Perun Transfers to ENA/EIM/EGM ENA =01) Gregory Golden EGM =01) Keynan Dutton FROM THE EDITORS Thank you to all the contributors to this week's EnTouch. We want to hear= =20 from the various departments within Enron Americas, Global Markets and=20 Industrial Markets! Please continue to send your business highlights,=20 nuggets & notes or suggestions to Michelle Vitrella or Kathie Grabstald. 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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