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Enron Mail |
BUSINESS HIGHLIGHTS
Enron Industrial Markets EIM has recently formed a Forest Products Origination team led by Rob Salti= el=20 to pursue structured transactions. Typically, these deals employ a=20 combination of physical supply/offtake, price risk management and/or financ= e=20 to bring value to Enron and our customers. Priority commodities include=20 pulp, newsprint, recycled papers, linerboard, and lumber. Response to the= =20 new team=01,s efforts has been positive, as many of the Forest Products=20 companies have needs for commodity and capital solutions that are currently= =20 unavailable. =20 Enron Freight Markets During its first month in the over-the-road (OTR) trucking business, Enron= =20 Freight Markets has completed over 120 spot OTR trades. On Friday, March 1= 8,=20 there was a shortage in the Houston outbound market and capacity was sellin= g=20 for $1.65 per mile. By comparison, average market price has stayed in the= =20 $1.05-$1.10 per mile range in recent weeks. EnronOnline On May 23, Enron Corp. announced that it completed its one-millionth=20 transaction on EnronOnline, the world=01,s largest web-based e-commerce pla= tform=20 for commodities. As an online extension of its successful wholesale energy= =20 business, EnronOnline began transacting natural gas and electricity on=20 November 29, 1999. Since that time, the company has extended the platform = to=20 approximately 1500 wholesale commodity products ranging from energy-related= =20 commodities to bandwidth, metals, forest products, plastics, petrochemicals= ,=20 and weather and credit derivatives. Approximately 60 percent of all Enron transactions are now conducted online= ,=20 and the cost of processing the transactions has been reduced by 75 percent.= =20 EnronOnline Statistics Below are the latest figures for EnronOnline as of May 23, 2001 ? Total Life to Date Transactions < 1 million ? Life to Date Notional Value of Transactions < $600 billion =20 IN THE NEWS Enron Corp. Chief Executive Officer Jeff Skilling likes to say that the=20 nation=01,s leading energy merchant was ready for the Internet long before = there=20 was anything.com. Enron=01,s business of buying and selling commodities - b= y=20 phone or fax - was a natural fit for the Web. The challenge now is to get t= he=20 new broadband Internet trading unit on solid footing by proving that=20 bandwidth can be traded like a commodity. BusinessWeek e.biz/May 14,2001. WELCOME New Hires EGM - Gregory Sharp, David Cho EIM - Rosie Carrizal-Moulinet, Thomas Mathieu ENA - John Poppa, Brandy Powell=20 Transfers (to or within) EGM - Rhonna Palmer NUGGETS & NOTES Travel tips of the week:=20 1) Fly Coach. Elite members of frequent flyer programs are often upgraded = to=20 first class at no additional charge. 2) Consider Alternate Airports. If you live within driving distance of two = or=20 more airports, examine fares for each airport carefully. Sometimes special= =20 fares are offered for flights into specific airports. 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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