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Enron Mail |
BUSINESS HIGHLIGHTS
Enron Producer One=20 Enron Producer One facilitates one-stop shopping for the producer=01,s=20 infrastructure needs. Through business relationships with Hanover=20 Measurement Services and Applied Terravision Systems, Enron Producer One wi= ll=20 offer and custom-configure a number of valuable production services and=20 pricing plans to reduce overhead and simplify back-office tasks. Initial= =20 products offered are well connects, transportation, marketing, measurement= =20 and accounting services. Enron Producer One is managed and supervised by= =20 John Grass. IN THE NEWS CEO says Texas in good shape for electricity deregulation DALLAS (AP) - Enron Corp.'s chief executive and president said Tuesday he= =20 believes that Texas energy markets are in good shape as the state prepares= =20 for deregulation.=20 Jeffrey Skilling told an audience of about 400 business people at a downtow= n=20 hotel that California "has given the term deregulation a terrible name." = =20 Electric deregulation in Texas officially starts Jan. 1. "In Texas, I think= =20 we've got a pretty good system," he said.=20 In San Francisco on Tuesday, the California Public Utilities Commission=20 unanimously approved electricity rate increases of up to 46 percent to try = to=20 head off blackouts this summer by keeping the state's two biggest utilities= =20 from going under. When California officials set up deregulation they allow= ed=20 the price of wholesale electricity to rise but capped the amount companies= =20 could charge customers, Skilling said. SoCal Edison and Pacific Gas &=20 Electric say they have lost more than $13 billion since last summer because= =20 they haven't been able to pass on the high cost of wholesale electricity.= =20 Skilling said Texans are in a much better position and shouldn't worry that= =20 their state's deregulation would be like the California experience. =20 "California, they just put together a crazy system,=018 he said in his firs= t=20 public comments since becoming the Houston-based company's chief executive= =20 officer in February. "The markets in California are the most regulated=20 markets in North America today. And that's what is causing the problem." = =20 03/27/2001 Associated Press Newswires Copyright 2001.=20 WELCOME New Hires EGM - Charles Crow, Nancy Johnson, Gregor Lehmiller EIM - Darrell Aguilar, LaTrisha Allen, Wesley Wilder, Ronald Barnes ENA - Brian Cruver, Craig Dean, Martha Kessler EnronOnline STATISTICS Below are the latest figures for EnronOnline as of March 16, 2001. ? Total Life to Date Transactions < 813,000 ? Life to Date Notional Value of Transactions < $489 billion NUGGETS & NOTES Enron is hosting the New York Energy Risk Management Seminar at the St. Reg= is=20 Hotel in New York City on April 5, 2001. Topics include Power Outlook,=20 Natural Gas Outlook, Hedging Strategies and Weather Risk Management. The RS= VP=20 deadline is March 30th, so please contact Laura Pena as soon as possible at= =20 x3-5376. This is a great event for "new" as well as established customers.= =20 There will be a cocktail reception immediately following the presentations. NEWS FROM THE GLOBAL FLASH Enron Reopens Rassau Power Station Plans Enron Europe submitted an application to build a 1200MW combined cycle gas= =20 turbine power station on the Rassau Industrial Estate at Ebbw Vale, Wales i= n=20 July 1998. In November 2000, the Government lifted its stricter power=20 consents policy, which placed restrictions on the development of new=20 gas-fired power stations, and Enron is now concluding the consultation=20 process for the application As part of the process, updated environmental information has been submitte= d=20 to the Department of Trade and Industry and a team from Enron will be=20 presenting the plans to Blaenau Gwent Council on March 26. This will be=20 followed by a three-day public exhibition in the local community. Enron expects to receive a decision later in the year. European Economic Summit: Acceleration Directives On March 23 and 24 the European Economic Council Summit will take place in= =20 Stockholm. At=20 this summit the European Commission will present to the heads of the Member= =20 States a legislative proposal for a Directive and a Regulation that the=20 Commission adopted on March 13 to speed up the completion of the internal= =20 electricity and gas markets. Enron issued a statement to the media on the evening of Wednesday 21st Marc= h=20 stating that it specifically endorses the following initiatives incorporate= d=20 in the text of the adopted proposal: Legal unbundling of the transmission and distribution networks as a realist= ic=20 solution, ensuring the independence of transmission and distribution system= =20 operators.=20 Mandatory appointment of independent regulators in each country with the=20 obligation to fix or approve transmission tariffs before they come into for= ce. The current timetable proposed by the Commission: market opening for=20 electricity in 2003 and for gas in 2004 (industrial, commercial and wholesa= le=20 customers); and for supplies to all consumers including households by 2005.= =20 The setting of rules in the Regulation for how power transmission tariffs c= an=20 be charged for cross-border transactions and how congestion and capacity=20 allocation at borders within the EU should be managed by transmission syste= m=20 operators. Enron concludes that it is encouraged by the efforts of the Commission to= =20 accelerate the European electricity and gas market opening and the=20 reinforcement of third party rights of access to transmission networks. The= =20 Commission's approach of harmonizing both the timetable and the regulatory= =20 framework deserves support from all Member States. =20 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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