Message-ID: <19307681.1075847152048.JavaMail.evans@thyme>
Date: Tue, 26 Oct 1999 23:17:00 -0700 (PDT)
From: press.release@enron.com
To: all.worldwide@enron.com
Subject: ENRON LAUNCHES GLOBAL WEB-BASED COMMODITY TRADING SITE
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HOUSTON - Enron announced today the launch of EnronOnline, a global=20
Internet-based transaction system for wholesale energy and other=20
commodities.  EnronOnline will allow participants to not only view commodit=
y=20
prices in real-time but also to directly transact with Enron over the=20
Internet free of commission. The transaction system will go live on Nov. 29=
,=20
1999, with the launch of North America natural gas to be followed by all=20
other products over the next six weeks.
 "EnronOnline offers customers the next level of wholesale energy transacti=
on=20
service by having easy and simple access to Enron=01,s prices and products,=
"=20
said Jeffrey K. Skilling, president and COO of Enron.  "This Internet syste=
m=20
complements Enron=01,s extensive marketing capabilities and gives our=20
counterparties the choice of transacting over the telephone or instantly=20
through our website."
Enron=01,s customers across the world will be able to access several hundre=
d=20
traded products through EnronOnline. The company will leverage its wholesal=
e=20
market expertise to publish real-time prices for power, natural gas, coal,=
=20
weather products, liquids, petrochemicals, pulp and paper, emission credits=
=20
and other commodities in the Americas, Europe and Asia. It will continue=20
expanding web-based commodity and product offerings globally.
 "Unlike other Internet commodity service providers, EnronOnline doesn=01,t=
=20
match buyers with sellers," said Skilling.  "Customers will be able to=20
instantaneously conduct transactions directly with an Enron company as a=20
principal."=20
Real-time capabilities in the United States will be delivered wherever=20
possible through Enron Communication, Inc.=01,s intelligent fiber optic net=
work.=20
This system is designed to combat web latency and create a true real-time=
=20
environment online for Enron=01,s customers.
 A preview of the system is currently available at www.EnronOnline.com.=20
 Enron is one of the world=01,s leading electricity, natural gas and=20
communications companies.  The company, which owns approximately $34 billio=
n=20
in energy and communications assets, produces electricity and natural gas,=
=20
develops, constructs and operates energy facilities worldwide, delivers=20
physical commodities and financial and risk management services to customer=
s=20
around the world, and is developing an intelligent network platform to=20
facilitate online business.  Enron=01,s Internet address is www.enron.com a=
nd=20
the stock is traded under the ticker symbol, "ENE."