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Enron Mail |
=20 BUSINESS HIGHLIGHTS Enron Mexico Jaime Williams will head up the Monterrey office with responsibility for Ri= sk Management and Trading. Steve Irvin will take over responsibility for a= ll origination activities in Mexico and will be based in Houston. Both Jai= me and Steve will report directly to the Office of the Chair, Enron America= s. Weather The weather desk is rapidly expanding. With a presence in Houston, London,= Sydney, and Tokyo (and possibly in New York), the desk has expanded from a= bout 15 people in January to a current count of over 40 globally. Mark Taw= ney recently went to Tokyo to explore joint marketing efforts with signific= ant Japanese corporations and to meet with the newest additions to the Toky= o weather team. Paul Murray (reporting to Mark) is leading the European ef= fort out of London and has already increased the staffing there from 1 to 5= . If you're in the London office, please take him out to a pub or two - ap= parently he's had trouble finding them on his own. If you have interest in= joining an exciting new industry, please feel free to call Dave Hill at x3= 4218.=20 IN THE NEWS Goldman Sachs Analysts, David Fleischer, David Maccarrone and Eric Mandelbl= att on Enron in their latest analyst comment, "A LOT Better Than it Feels; = Prospects Never Better: Raising Estimates": "Our confidence in the direction of ENE's strategy and our conviction in th= e continuing strong execution of its business plan continue to be extremely= high. " =20 "... investors have cast doubt about both the company's strategy and manage= ment's execution of its wide ranging and ambitious business plans. We have = no such doubt." "We absolutely believe that Enron's very broad capabilities are transferabl= e to a wide variety of products and commodities and also see it as critical= to emphasize that the company's wholesale operation is much more than the = trading business may view it as being. . ." WELCOME New Hires EGM - Richard Friedman, Vivek Kumar, Alex McElreath, Fred Radvansky, Jonat= han Sarley, Pat Twohy=20 EIM - Tim Reed, Sonia Trevino, Greg Worsham ENA - Alisha Mahabir, Jennifer Smith, Nancy Turner NUGGETS & NOTES Travel tip of the week: Car rental contracts for year 2001 have been awarded to National Car Rental= and Alamo Rent-a-Car. Please communicate the contract identification numb= er at the time the reservation is made. =09Alamo=09=09 143974 =09National=09=095000838 Insurance is included in Enron's negotiated rates; if asked please decline = the Optional Liability Insurance and Collision Damage Waver offered by the = gate agent. Coverage applies only if the appropriate contract identificati= on number has been communicated. Negotiated discounts represent 20% off cu= stomary rates. Congratulations to Derrick and Paula Harris, manager in Business Analysis a= nd Reporting, on the birth of daughter, Jazmine Kay on June 14, 2001. Congratulations to Shannon and Greg Whiting, director in BA&R, on the birth= of their daughter, Irene Elizabeth, on Friday, June 22, 2001. EnronOnline Statistics Below are the latest figures for EnronOnline as of June 29, 2001 =09*Total Life to Date Transactions < 1,150,000 =09*Life to Date Notional Value of Transactions < $684 billion NEWS FROM THE GLOBAL FLASH EES Europe Lands First Outsourcing Deal Congratulations to EES Europe who recently clinched their first outsourcing= transaction with supermarket giant, Sainsbury's. The deal means EES will = provide gas and electricity to all 493 Sainsbury's properties in the UK inc= luding stores, offices and depots. EES will also manage a program of energy= reduction measures designed to improve energy efficiency at Sainsbury's fa= cilities. Stuart Rexrode, Vice President of EES Europe, said: "This was a sensational= team effort - a fantastic achievement for EES Europe and a truly groundbre= aking transaction in the marketplace. The whole group should all be extrem= ely proud and I am confident that this is the start of many more outsourcin= g deals to come." EBS Europe EBS Europe has just completed its 100th transaction. The transaction involv= es a 12-month contract for an STM-4 circuit from London to Madrid. This cap= acity is equivalent to approximately 830 DSL lines or Internet connections = into the home. Commenting on the achievement, Matthew Scrimshaw, President= of EBS Europe said, "This is just one of the many milestones that EBS will= achieve, as we continue to create a market for bandwidth trading and origi= nation." Pioneering International Coal Agreements Signed Enron has signed a five-year agreement with Spanish utility HidroElectrica = del Cantabrico for the import of at least 600,000 tonnes of steam coal per = annum in Enron's first long-term coal import deal into Spain. The agreemen= t gives Enron full optionality with regard to sourcing, timing and quantity= of coal supply, which will be delivered via the port of Gijon in northern = Spain and transported by rail and truck to a number of coal-fired power sta= tions, predominantly in the north of the country. Gijon itself could becom= e a trading hub for Spain's rapidly expanding coal market. "Spain is experi= encing strong demand growth for electricity generation and with an annual p= roduction of only 17 million tonnes of expensive, low-quality coal at its d= isposal, the country has a need for new, flexible sources of supply - so th= ere's lots of opportunity for us to extend the scope of our agreement," say= s Sam Grossman, Enron's coal group director who led the team which included= Katrina Bensadon and Janet Wood with support from the coal and freight tea= ms. In a separate agreement Enron's first foray into the US coal import market = is delivering a cargo of Colombian coal to Dynergy via the Mississippi and = two further cargoes of 45,000-60,000 tonnes to northeastern US utilities vi= a Charleston, south Carolina. With coal supplying the fuel for more than h= alf of the USA's power generation and the domestic coal market showing high= prices - the Nymex coal price has doubled over the past year - this is an = excellent time for Enron to help meet customer demand. "This is a classic = Enron deal exploiting optionality," says Sam Grossman. "We were able to re= direct one of our coal cargoes bound for Europe and find an alternative sou= rce to fulfill the European order." The import agreement is expected to en= courage other counterparties into the US coal import market. Congratulatio= ns to Sam, Peter Bradley, Lenny Hochschild and the Enron freight desk. LEGAL STUFF The information contained in this newsletter is confidential and proprietar= y to Enron Corp. and its subsidiaries. It is intended for internal use onl= y and should not be disclosed. <Embedded Paintbrush Picture<
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