Message-ID: <16885390.1075855476261.JavaMail.evans@thyme> Date: Thu, 2 Nov 2000 15:19:00 -0800 (PST) From: enron.announcements@enron.com To: all_ena_egm_eim@enron.com Subject: Ameriflash Newsletter Mime-Version: 1.0 Content-Type: text/plain; charset=ANSI_X3.4-1968 Content-Transfer-Encoding: quoted-printable X-From: Enron Announcements X-To: All_ENA_EGM_EIM X-cc: X-bcc: X-Folder: \Frank_Ermis_Dec2000\Notes Folders\All documents X-Origin: Ermis-F X-FileName: fermis.nsf BUSINESS HIGHLIGHTS Oil Products The Oil Products Group executed a 1 year physical transaction, whereby Enro= n=20 supplies Delta Airlines 100,000 barrels/month for one year beginning in =20 November of 2000, for a total of 1.2 million barrels. Weather On December 6 at 7pm, the Weather Channel will run a 15 minute special=20 interest story on Weather Derivative trading. Approximately 8 minutes of= =20 this telecast will focus on the Enron Weather Risk Management group, led by= =20 Mark Tawney, director. In September, a film crew spent two days recording t= he=20 group's activities and interviewing Mark Tawney; Steven Vu, head of trading= ;=20 Gary Taylor, head of marketing; and Brando Hayden, trader. Efforts to=20 publicize Enron's leading position in the Weather Risk marketplace have=20 included this television show, the Enron Corp commercial focused on weather= =20 risk management, and several articles written by members of the Enron Weath= er=20 Trading group. What's next? Enron Weather: the Movie - coming soon to=20 theatres near you! Principal Investments Tridium Inc., the leading provider of Internet-based automation=20 infrastructure solutions, announced the closing of a $20 million round of= =20 capital funding. The funds will be used to increase Tridium=01,s sales and= =20 technical support offices in North America, expand its operations into Euro= pe=20 and Asia, and enhance its technology and products. kRoad Ventures, L.P. and= =20 Enron North America each contributed $10 million in venture capital. Energy Capital Resources Westwin Energy, LLC, a privately held oil and gas exploration and productio= n=20 company based in Midland, has been formed by the former management team of= =20 ARCO Permian. Along with the company=01,s formation, Westwin announced its= =20 financial partner, which is Enron North America. Westwin Energy will focus= =20 on drilling opportunities and select acquisitions in the Permian Basin of= =20 West Texas and Southeast New Mexico. Enron Industrial Markets Fundamentals Analysis Following the example of other Enron entities, Enron Industrial Markets has= =20 established a Fundamentals Analysis Group. Under the direction of Andrea= =20 Reed, the group is similar to the others, with the objective of providing= =20 market, industry, and regulatory information and identifying potential=20 commercial opportunities for originators and traders. Doug Moreno and Caro= l=20 Marshall are the information experts. They are presently working to=20 aggregate all of Enron=01,s various resources into a library and a website= =20 (coming soon at http://eimfundy.dev.corp.enron.com/). Jennifer Riley is th= e=20 quantitative analyst, and has already analyzed a number of statistical=20 relationships for the business entities to identify possible hedging=20 strategies. Peggy Determeyer (steel) and Karen Carter (paper/pulp and=20 lumber) will be providing analytical services to the two primary product=20 lines. Tammy Davis keeps them all organized with terrific administrative=20 support. Doug, Jennifer, Tammy, and Carol have followed Andrea from her=20 previous Merchant Asset Portfolio Management assignment, while Peggy and=20 Karen have joined from Enron South America and Enron North America,=20 respectively. If you have any ideas for critical analyses or information= =20 needs, contact one of them for help.=20 Foreign Exchange (FX) and Sovereign Risk (ENA Research Group)=20 In last week=01,s Ameriflash newsletter, we introduced you to the Country R= isk=20 and Foreign Exchange (FX) Department within the ENA Research Group, which= =20 included our responsibilities and some of the products we have developed fo= r=20 Enron various business units. This week we would like to introduce you to t= he=20 members of our group, Maureen Raymond-Casta=0Feda, Gwyn Koepke, Yana Krista= l,=20 and Leann Walton. Maureen Raymond-Casta=0Feda heads the Country Risk and Foreign Exchange tea= m,=20 reporting to Vince Kaminski. Maureen is Enron=01,s Chief Economist and is= =20 responsible for corporate sovereign risk and economic analysis, briefing th= e=20 FX trading desk on major central bank policies, forecasting all FX and=20 revenue escalators corporate-wide for 60 countries, and advising Enron=01,s= =20 underwriters and the Chief Credit Officer. As Enron changes its business= =20 objectives, our group serves these objectives through our analysis. For=20 example, we provide research and analysis services to the steel fundamental= =20 analysis group as well as to the non-ferrous metals group in London. Gwyn= =20 Koepke is an Associate and is responsible for conducting economic analysis= =20 for all FX and inflation curves produced by the group as well as writing=20 country briefs for the various Enron business units. Yana Kristal is an=20 analyst who gathers country research and prepares Excel charts. Leann Walt= on=20 is the team=01,s newest member and provides all administrative and research= =20 support.=20 As a reminder, the Country Risk and FX team launched a new product in Octob= er=20 called the Enron =01&Global Markets Monitor,=018 which informs traders and= =20 management about important international economic events and their impact o= n=20 currency and financial markets. If you would like to receive the Monitor on= a=20 weekly basis via email, please send a note to Leann Walton. Or, you can=20 obtain the Global Markets Monitor from our web site at: http://ecthouwebcl1.nt.ect.enron.com/research/ForeignExchange/FXMain.htm (look for the spinning New sign) =01) Please add this to your bookmarks or= =20 favorites. FINAL RESULTS FOR THE PULSE Thanks to all who participated in Enron's annual employee survey. The tota= l=20 participation rate for ENA/EGM/EIM was 68.90%, which was an increase of=20 almost 20% from last year. Additionally, we beat the Enron Corp. average= =20 68.90% to 68.87%. Some might say that this is statistically insignificant,= =20 but we prefer to point out that a win is a win! WELCOME New Hires ENA- Doglas Allen, Brooks Barnes, Angela Cadena, Reno Casimir, Amelia=20 Cavazos, Jane Coleman, Andrea Dahlke, Susan Entman, Kulvinder Fowler, Krist= i=20 Fredericks, Tammy Gilmore, Lori Haney, Brandee Jackson, Janine Kattner,=20 Brenna Neves, Vivian Nguyen, Dexter Peoples, Erica Rodriguez, Patricia Room= e,=20 Dayna Smith, Stephanie Wainwright, Ellen Wallumrod, Deanna Washington,=20 Gregory Whitman EGM- Mario De la Ossa, Stephanie Harris IN THE NEWS FORTUNE, November 13, 2000, Page 80 Beware: You Could Soon Be Selling Soybeans Make your products stand out =01= )=20 fast =01) before someone turns it into a commodity. "=01(What=01,s next? Fortune says you can run a reverse auction anytime you= can do=20 two things: specify exactly what you want and identify several bidders you= =20 deem qualified to fight for the business. Let your imagination roam. At Enr= on=20 they never stop thinking about new products and services for which they can= =20 make markets. First gas and electricity, now bandwidth, ocean shipping,=20 paper, and much else." Internet Week, October 30, 2000 "Enron doesn't just make markets; it assaults them." NUGGETS & NOTES =01&Results not reasons=018 =01) Craig Breslau, VP/Industrial Middle Market= s-ENA "Okay, here's the deal..." - Jean Mrha Beach, VP/Upstream Origination-ENA LAST WEEK'S TEASER Question In your cellar there are three light switches in the OFF position. Each=20 switch controls 1 of 3 light bulbs on the floor above. You may move any of= =20 the switches but you may only go upstairs to inspect the bulbs one time. H= ow=20 can you determine the switch for each bulb with one inspection? Answer Turn switch one on for a while=01(then turn it off. Turn switch two on, go= =20 upstairs to inspect. The hot bulb is controlled by switch one, the lit bul= b=20 is controlled by switch two. The unlit bulb is controlled by switch three. CONGRATULATIONS to our winners: Richard McKeel, Jim Sugrue, Ed Hearn, Rhond= a=20 Denton, Mark Breese, Benjamin Thomason, Gil Muhl, Corey Hollander, James=20 Haden, Stinson Gibner, Richard Zamora, Robert Stalford, John Gordon, Dan=20 Darland, Andre Templeman, Hector McLoughlin, Shelly Stubbs, Kelly Ellis,=20 Valter Stoiani, Dennis Lee, Paul Gregory, Rainer Cockrell, Regan Rorschach,= =20 Bill Rust, Gerald Gilbert. 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 outside of Enron.