Message-ID: <29256244.1075857455428.JavaMail.evans@thyme>
Date: Fri, 27 Oct 2000 03:07:00 -0700 (PDT)
From: hunter.shively@enron.com
To: jean.mrha@enron.com
Subject: FYI - Gas Daily Today
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New e-platform opens market to producers
E
nergyGateway.com yesterday unveiled a new marketing platform that will allo=
w=20
gas pro-ducers
to conduct online transactions under variable levels of service.
The move opens the door for small- and medium-sized producers to enter the=
=20
online mar-ketplace,
EnergyGateway.com said. Its new electronic venture lets the producer choose=
=20
its
level =01* including swing, interruptible and firm service =01* when the of=
fer is=20
made. This enables
buyers and sellers to transact for any term, raising the platform=01,s func=
tion=20
above that of a
simple day-trading tool, according to EnergyGateway.com.
=01&Wholesale trading platforms have ignored the highly customized needs of=
=20
producers and
consumers. All market participants value liquidity, competitive-based=20
processes and access to
strategic information, not just trading companies,=018 EnergyGateway.com CE=
O=20
Mark Jergens
said. =01&Wholesale trading platforms essentially prohibit the sale of natu=
ral=20
gas in the actual way
it is produced, flowed and transacted.=018
By allowing more producers to compete online, EnergyGateway.com sees its=20
program as
creating savings. =01&To create an optimum portal for buyers and sellers, w=
e=20
must have direct
contact with the producer community,=018 Jergens explained. =01&By implemen=
ting=20
this program,
we can provide a service to producers in any region of the country that wan=
t=20
to participate in e-commerce
opportunities but cannot due to barrier of entry established by wholesalers=
.=018
Columbus, Ohio-based EnergyGateway.com is an independent builder of=20
e-communities,
offering transaction services and strategic market information for large=20
natural gas and electric
suppliers and consumers. The company also plans to offer small business and=
=20
residential custom-ers
a nationwide preferred provider network of natural gas and electric supplie=
rs=20
in 2001. VM