|
|
Enron Mail |
Message Points on Current Status of Company A. Our core businesses are strong, performing well and customers continue to demonstrate their confidence in us. B. EnronOnline experienced above average levels for number of transactions Wednesday (10/24/01), Enron recorded more than 8000 transactions with 1399 external users for a gross notional value of approximately $4 billion We continue to be the market maker of choice in wholesale gas and power C. Our gas and power numbers indicate that our customer base is not withdrawing, closing out positions, nor reducing transaction levels with us. Indeed, customers are transacting at higher levels as they prepare their portfolios for the upcoming winter and protect themselves from price volatility. Media Q & A What did you receive from the SEC? Enron received a letter and subsequent phone call requesting that we voluntarily provide information regarding certain related party transactions. When did you receive the request from the SEC? We received a fax on Wednesday afternoon, October 19, 2001, and a phone call on Thursday afternoon, October 20, 2001. What did you do about the request from the SEC when you received it? An informal inquiry is not a material event; however, because of the high visibility of Enron and the recent public spotlight on the transaction, we convened a meeting of our Board as soon as possible. We recommended that we announce the SEC request; the Board agreed, and we made the release prior to the market opening on Monday, October 22, 2001. What are you going to do about the request? We are cooperating fully with the SEC and see the request as an opportunity to put this issue behind us. These message points will be constantly changing and we will update you as the changes occur. Also, attached below is the Enron link for the Press Room that contains "Frequently Asked Questions". http://www.enron.com/corp/pressroom/faq.html
|