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Enron Mail |
-----Original Message-----
From: Rostant, Justin Sent: Thursday, April 12, 2001 9:16 AM To: Zipper, Andy; Forster, David; Puthigai, Savita; Jafry, Rahil; Shults, Bob; Diamond, Daniel; Carter, Carl; Pacheco, Leonardo; Alatorre, Carlos; Samuels, Dave; Mandola, Teresa Subject: Dynegydirect introduces Hourly power Dynegy Introduces Hourly Power Products to Dynegydirect; Real-Time Market Information Provides Customers With Greater Control and Efficiency HOUSTON--(BUSINESS WIRE)--April 12, 2001--Dynegy Inc. (NYSE:DYN) has added hourly power products to Dynegydirect, the company's Internet-based, commission-free business-to-business portal and trading site for energy and communications commodities. Since trading began in November 2000, Dynegydirect has recorded more than $14 billion in notional transactions and now offers in excess of 700 products. Along with the energy and emission allowance product offerings, Dynegydirect now offers hourly power products backed by Dynegy's diversified commercial asset base. Hourly power markets for on-peak hours will initially be available at major interconnects in the Midwest. As Dynegy's generation portfolio expands throughout the country, additional North American hourly products and locations will be added to Dynegydirect. "Posting our products and services online through Dynegydirect enables our customers to execute in real-time," said Matt Schatzman, president of Energy Trading for Dynegy Inc. "This is especially important in the hourly market where trading decisions are analyzed each hour in a ten to 20 minute window." Dynegydirect provides customers with real-time access to prices for natural gas, power, natural gas liquids, coal and emission allowances in North America. Dynegy customers and new users can view Dynegydirect's features and register online by visiting www.dynegydirect.com <http://www.dynegydirect.com<;. Dynegy Inc. is a leading provider of energy and communications solutions to customers in North America, the United Kingdom and Continental Europe. The company's leadership position extends across the entire convergence value chain, from power generation, wholesale commercial and industrial marketing to trading of power, natural gas, coal, emission allowances, weather derivatives, broadband and the transportation, gathering and processing of natural gas liquids.
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