On Wednesday, December 6th, The Weather Channel aired an episode of their=
show "Atmospheres," which included a fifteen minute segment focusing on=20
Enron's Weather Risk Management business. Mark Tawney, Steven Vu, Gary=20
Taylor, and Steve Bennett were featured. The Weather Channel has aired the=
episode periodically since then. The parts that make it through the Enron=
cutting room floor will be coming soon to an elevator near you! If you wou=
like to view a copy of the episode in its entirety, please contact Yvette=
Simpson at ext. 3-9595.
The Weather Risk Management group completed the first ever Power Demand=20
transaction this week. The transaction was a swap based on the PJM demand=
index. Power Demand contracts use average peak power demand as an index an=
allow power market participants (generators, btu distributors, marketers,=
etc...) to mitigate volumetric exposures. Weekly swaps are available on=20
EnronOnline and the desk has placed option contracts on this index in the=
broker market. Inquiries regarding this product should be directed to=20
Claudio Ribeiro, product manager ext. 3-7313, Gary Taylor ext. 3-1511, or=
Valter Stoiani ext. 3-6906.
West Power Trading
It=01,s been a wild and crazy holiday season in the West. Electricity pric=
have remained extremely bullish throughout the entire WSCC, due in large pa=
to below-normal temperatures, =01&less than stellar=018 river flows in the=
Northwest and Northern California, tremendously volatile natural gas prices=
and a number of generating plants down for both planned and unplanned=20
maintenance. Recently, the Federal Regulatory Energy Commission (FERC) has=
stepped in to implement several orders in an effort to try to correct this=
=01&extremely flawed market.=018 Stay tuned sports fans; some have the fee=
that the best is yet to come.
Seasons Greetings from ENA PR. The EnTouch newsletter will be on holiday=
break next week. If you have information for future issues of EnTouch,=20
please send it to Michelle Vitrella. We hope you have a wonderful and safe=
holiday. See you next year!
New Hires ENA/EIM/EGM
ENA =01) Kimberly Hardy, Adam Johnson, Daniel Lisk, William Fleenor, Stacey=
Wales, Jason Fischer, Aparna Rajaram
The information contained in this newsletter is confidential and proprietar=
to Enron Corp. and its subsidiaries. It is intended for internal use only=
and should not be disclosed.