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Enron Mail |
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/19/2001=
=20 04:58 PM --------------------------- ENA Public Relations From: ENA Public Relations@ENRON on 03/16/2001 12:59 AM Sent by: Enron Announcements@ENRON To: All_ENA_EGM_EIM cc: =20 Subject: EnTouch Newsletter BUSINESS HIGHLIGHTS ENA Principal Investments: Three transactions to date in 1Q 2001: $2.5 million investment in Series C Convertible Preferred Stock of Silicon= =20 Power Corporation ("SPC"), a leading designer, developer and manufacturer o= f=20 a wide range of power semiconductor devices and systems. SPC operates=20 through three divisions: The Power Components Division manufactures large= =20 area semiconductors up to 125 mm which are used in high-power diodes,=20 thyristors, GTO thyristors and custom high pulse power rated devices. Thes= e=20 components are sold directly to OEM's in the heavy industrial, electric=20 utility, transportation, military and medical industries. The Industrial=20 Power Division specializes in systems level products providing utility and= =20 power quality protection. The Commercial Power Division designs and=20 manufactures semiconductors made by a planar process used to make discrete= =20 power semiconductor devices and associates subsystems. More information can= =20 be obtained from Kevin Kuykendall (33995), Jennifer Adams (33919) or from t= he=20 Company's web page at: www.siliconpower.com $2.25 million convertible bridge loan to Solo Energy Corporation, an existi= ng=20 ENA Principal Investments portfolio company. The funds are part of a $7.0= =20 million bridge facility needed to fund overhead while negotiations continue= =20 regarding a potential acquisition opportunity. In addition to the conversi= on=20 feature, ENA Principal Investments also received warrants to purchase 2.75= =20 million additional shares in Solo Energy. The Company is developing a 100 = kW=20 microturbine, which utilizes a proprietary catalytic combustion process and= =20 turbines, sourced from the automotive and marine sectors. Placement of 50= =20 beta units is planned at test sites selected by SCANA (a co-investor in Sol= o=20 Energy) in the 2Q and 3Q, 2001. Once the acquisition is completed, the=20 Company plans to complete an additional $30 to $50 million funding round. = =20 More information can be obtained from Charlie Vetters (39435), Kyle Kettler= =20 (30423) or from the Company's web page: www.soloenergy.com $5.0 million Series D Convertible Preferred Stock of Encorp, Inc., an=20 existing ENA Principal Investments portfolio company. The funds are part o= f=20 a total of $38 million raised in the Series D round that should provide=20 funding for the company through mid-2002. Encorp is among the worlds leadi= ng=20 providers of products, services and solutions addressing the growing demand= =20 for clean, reliable on-site power systems. The Company=01,s power technolog= y=20 products include grid-interconnection switchgear and energy-automation=20 software. ENCORP=01,s products, in combination with the Company=01,s=20 engineering-services team, create dependable, on-site power solutions that= =20 can reduce the overall cost of energy for commercial and industrial custome= rs=20 operating in the digital economy. More information can be obtained from=20 Charlie Vetters (39435), Kyle Kettler (30423) or from the Company's web=20 page: www.encorp.com Enron Credit Feeling exposed? If you are looking for ways to trade some credit exposure= =20 out of your portfolio, visit EnronOnlineTM. Enron Credit now offers 3-year= =20 and 5-year Credit Default Swaps for a number of companies every day on the= =20 system. Industrial Markets Enron Industrial Markets has established its Key Goals and Objectives for= =20 2001 for the Forest Products and Steel Groups: _ Firmly establish EIM as a significant physical merchant by moving 3=20 million tons of product in each of the forest products and steel industries= . _ Expand international business by generating at least $10 million of gros= s=20 margin. _ Create a vehicle to gain access to 500,000 tons/year of market pulp. In addition, both Forest Products and Steel are focused on creating greater= =20 physical and financial liquidity in each of their respective industries, as= =20 well as developing world class logistics and operations capabilities. EIM ORGANIZATIONAL ANNOUNCEMENT Forest Products Group The following changes are being implemented in the commercial organization = in=20 order to better focus on the group=01,s mission: To be the premier market m= aker=20 in physical products and financial risk management products in the Forest= =20 Products Sector.=20 Rodney Malcolm will assume responsibility for the new Sales and Marketing= =20 Group.=20 Rob Saltiel will create a new Forests Products Origination Group. Bob Crane will continue to be responsible for trading and risk management i= n=20 all Forest Products markets. Andy Keleman will take the leadership of the Transaction Development Group. IN THE NEWS "Energy and trading giant Enron Corp. (NYSE:ENE - news) wants a piece of=20 Madison Avenue. The Houston-based company's latest venture is Enron Media= =20 Services, a seven-month old outfit that aims to bring Enron's expertise in= =20 trading natural gas and electricity to buyers and=20 sellers of advertising space. In the process, Enron wants to tap into a $500 billion-a-year global=20 advertising arena. ``What we've identified is that this business is very analogous to what we = do=20 in gas and power,'' Enron Media Services vice president Edward Ondarza." --= -=20 Reuters, March 14, 2001 WELCOME New Hires EGM - Sherman Franzen EIM - Jennifer Vanlandingham ENA - Kim Detiveaux, Diane Fellers, Esemeralda Gonzalez, Eric Linder,=20 Michael Lorenz, Noel Ryan, Melissa Prihoda, Steve McDonnell Transfers EIM - Lisa Csikos, John Jacobsen ENA - Robin Rodrigue, Maria Lopez, Roseann Engeldorf IF YOU LOVE GOLF..=01( Would you like to experience the premier golf event, THE MASTERS? This is= =20 your golden opportunity to see Augusta and the practice rounds.=20 There are 17 spaces now available for Trip #1 - Sunday, April 1 through=20 Wednesday, April 4. The package includes accommodations at six private hom= es=20 in Augusta, food and beverage, ground transportation, access to the Enron= =20 Tent, passes to the practice rounds and Par 3 tournament, and one round of= =20 golf at Jones Creek.=20 Cost is $4975 per person; additional cost for use of charter aircraft betwe= en=20 Houston and Augusta is $1740 per person. This is a high-level=20 customer-driven business opportunity. If you are interested, call Dorie=20 Hitchcock at x 3-6978. ENRONONLINE STATISTICS Below are the figures for EnronOnline as of March 14, 2001. ? Total Life to Date Transactions < 750,000 ? Life to Date Notional Value of Transactions < $450 billion NEWS FROM THE GLOBAL FLASH EnPipe Services The Continental Gas team is launching the first virtual gas transportation= =20 product in Europe, EnPipe Services. EnPipe will offer customers the abilit= y=20 to swap gas between the NBP in the UK and the Zeebrugge Hub in Belgium. =20 Customers will be able to nominate volumes on a day-ahead basis, and will p= ay=20 for the service by an up-front premium. This new service should encourage= =20 more participants at the Zeebrugge Hub, which will lead into more liquidity= =20 at other trading locations developing on the Continent. Similar to the=20 virtual storage service, EnBank, EnPipe demonstrates Enron's ability to off= er=20 valuable services to the market through smart risk management rather than= =20 capital-intensive infrastructure. The first EnPipe auction will close on = 15=20 March, and customers may submit their bids on EnronOnline. Teesside Gas Processing Plant On Thursday, 1st March, the Teesside Gas Processing Plant achieved ISO=20 9001:2001Quality Management System Accreditation. This achievement is the= =20 result of 12 months hard work, enthusiasm and commitment by all plant staff= =20 and has also been a great team effort with the Enron Global Asset=20 Organisation providing technical and moral support. =20 An ISO Team was formed in February 2000 led by Iris Thomas (QA Coordinator)= =20 and supported by members from all site disciplines including Operations,=20 Maintenance, Accounts and IT. A program was implemented to prepare, write,= =20 issue and control, detailed procedures to ensure the plant was operated and= =20 maintained to the quality standards required by ISO 9001:2001. Customer=20 satisfaction and focus is an integral part of the standard and a great deal= =20 of effort has been put into this area. Following a pre-audit in January th= e=20 final accreditation audit commenced on Wednesday, 28th February, with=20 accreditation being confirmed on Thursday, 1st March. 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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