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John, FYI and consideration.
m ---------------------- Forwarded by Mike McConnell/HOU/ECT on 11/07/2000 12:08 PM --------------------------- Enron North America Corp. From: Sherri Sera @ ENRON 11/07/2000 09:38 AM To: Mike McConnell/HOU/ECT@ECT cc: Subject: Suggestion of Trading Gasoline on EnronOnline Mike, Jeff has asked that you review and respond. Thanks, SRS ---------------------- Forwarded by Sherri Sera/Corp/Enron on 11/07/2000 09:27 AM --------------------------- Peter S Lee@ENRON_DEVELOPMENT 11/06/2000 01:59 PM To: Jeff Skilling@ENRON cc: Warren Wang/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Thomas Liu/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Chicheng Yang/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Justo Wong Liong/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Shengli Wu/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT Subject: Suggestion of Trading Gasoline on EnronOnline Mr. Skilling, We are a group of EE&CC engineers and we have an idea about trading gasoline online. Enron can trade gasoline as a commodity the same as natural gas and electricity. The idea is any one can buy an amount of gasoline at a pre-determined price with a certain premium for an extended period. Which means there is an expiration date for the investor or buyer. When the gasoline price is low, such as last year, people are able to buy a certain amount of gasoline from Enron,( Enron is to negotiate with gasoline producer for an amount and certain price (whole sale) that Enron believes they can sold in a certain period of time through market study and be able to make the profit), say 3000 gallons regular unleaded and with 10% (the profit margin to be determined by Enron) premium. The buyer will receive a debit or credit card to be used to purchase the gasoline and the amount will be automatically recorded each time when they fill up the cars until the amount of pre-purchased gasoline is used up in that period of time (prior to the expiration date). The buyers (or customer) can also sell the unused gasoline back to Enron anytime before the expiration day the same price they bought from Enron for profit if the market gas price is lower or take a loss if the market price is higher. By doing this, Enron creates a market that can allow customers to short the gasoline when the market is high. There are many other ways to trade the gasoline. Nevertheless, the potential market ( if a minimum of 50% household can sign up) is tremendous. I sincerely believe that Enron has the capability to make it happen through existing Enron online e-business. We hope this idea has not been thought out before for its feasibility. Regards, Peter Lee Warren Wang Victor Wu Thomas Liu CC Yang, Justo Wang Liong
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