QUESTION: BUSINESS HIGHLIGHTS Enron arranges first gas pipeline import into Italy Enron has continued its pioneering activities in the Continental gas market by arranging the first gas import into Italy. The Italian team worked with the Continental Gas desk to arrange this strategically important agreement with Blugas SpA., the wholesale gas company formed by the municipalities of Cremona, Lodi, Mantova and Pavia in north-eastern Italy. Enron has sourced 100,000 cubic metres per day of natural gas from northern Europe to transport to Italy, transiting it through Germany and Switzerland, despite fierce resistance from Ruhrgas and TransitGas respectively. Aside from isolated LNG imports by incumbent monopolies this is the first time that any company has managed to import natural gas by pipeline into Italy since the Italian gas sector was officially liberalised in August 2000. The gas, which started flowing at 06.00 on Thursday 17th May 2001, will be used to meet the needs of two thirds of Blugas' residential customers within the four municipalities. The current contract lasts for five months. Congratulations to Fabio Greco, Carsten Haack, Didier Magne, Michael Schuh, Marco Lantieri and Daniela Uguccioni. Enron in the Middle East Enron has relinquished its stake in Dolphin Energy, the joint venture company formed to develop gas reserves in Qatar. [Maclean, Iona] Enron has agreed to transfer its 24.5 per cent stake in the project to the United Arab Emirates Offset Group (UOG), the majority shareholder. The agreement allows Enron to deploy capital elsewhere and gives UOG the opportunity to seek new partners before the project moves into its next phase. Development of the Emden/Oude gas hub moves ahead fast An important milestone in the evolution of the new gas trading hub on the Dutch-German border was reached last week. Last Friday some of the major European gas players held a meeting to officially establish the Emden/Oude gas hub. Although Enron had already initiated the development of the Emden/Oude hub by making a market through EnronOnline as early as December 2000, the goal of this meeting was to set up a working group similiar to the Zeebrugge focus group who can work on setting a legal framework for the Emden/Oude hub. More than 40 companies participated in the meeting, representing producers, end users, Dutch and German transportation companies, marketing, and trading companies. More than 12 companies, including Ruhrgas and Gaz de France, were interested in joining the working group, but in the end the decision was taken to restrict the number of companies making up the working group to eight so as to ensure effecient and effective decision-making. The following companies were elected to become members of the working group: Centrica, Gasunie, Wingas, BEB, Statoil, Distrigaz, Duke Energy and Enron. Enron was elected as the only new market entrant in this group, reflecting the high level of respect industry peers have for Enron as a major player in the Continental gas market -- even from incumbents!
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ANS: Newsletter: Global Flash!!
After a careful review of the wholesale and retail gas trading and scheduling process it has been decided that the Gas Logistics teams should report directly into the Enron America's Commercial organization. This realignment will help to strengthen the commercial focus and communication between the trading desks and the schedulers and will play a critical role as Enron tries to maximize opportunities and maintain a competitive trading edge. The details are as follows: Wholesale Bob Superty will maintain his management of the Logistics support functions which include the Transport Rate team (Kim Olinger), Electronic Commerce team (Tammy Lee-Jaquet) and Regulatory Affairs teams (Suzanne Calcagno). In addition, Bob will now manage the Northeast Logistics team as part of the East desk. Bob will report directly to Scott Neal and will also help coordinate the Logistics function across all regions working closely with each of the regional Logistics Managers, Commercial desk heads and Enron Americas senior management team. Victor LaMadrid will manage the Southeast Logistics team and will report directly to Scott Neal. Victor's knowledge and overall east desk experience will be critical to help maximize east desk opportunities and promote new initiatives across all regions. Lisa Kinsey will manage the Central Logistics team and will report directly to Hunter Shively. Patti Sullivan will manage the West Logistics team and will report directly to Mike Grigsby. Darren Farmer will manage the Texas Logistics team and will report directly to Tom Martin George Smith will manage the Well Head Logistics team and will report directly to Fred Lagrasta. Retail Donna Greif will now report directly to Don Black. Each of the regional Logistics Managers (East - Marde Driscoll-Ernest, Central - Charlie Muzzy, West - Sabra Dinari) will continue to report directly to Donna. Donna will continue her ongoing efforts in the development and integration of the new retail trading systems, prior period adjustments and development of a strong and talented Logistics team. Congratulations to all involved and welcome to the commercial gas team - John Lavorato, President and CEO, Enron Americas.
Q: What is a potential subject line for this email?
answer: Logistics Commercial Realignment
FYI. Just got a call from someone inside McKenzie & Co.. Seems the good Governor has figured out that the gas industry is a problem and want to talk to me about it. I'm scheduled to talk to them by phone Friday at 1:30. I called Kari Dohn to try to find out more. She told me that they've figured out that the gas industry is a mess, that "McKenzie gets it," and she asked to tell it like it is. Seems useful to get our view across to them. The name of the person from McKenzie that will be on the call with the Davis folks on Friday is Daniel Poller. Thoughts? Best,
Answer: Administration Wants to Talk to Me About CA's Gas Problems
Here is an email: John Sherriff and I are recommending Carol Hensley (VP Marketing and=20 Communications at Azurix) for a VP position in John=01,s organization. Car= ol=20 was a director in the Enron PR group before moving to Azurix. Her new role= =20 would be to support EnronCredit.com. A critical success factor for=20 EnronCredit.com will be to establish a strong brand in the coming months. In her time at Azurix, Carol has added significantly to her skills and=20 experience. I spoke with John Garrison at length about Carol=01,s performa= nce=20 at Azurix. She has expanded her marketing services skills and provided=20 significant support in the investor relations arena. Garrison relates that= =20 the Azurix commercial leaders view Carol as a partner, informed about the= =20 business and instrumental in handling crises and pursuing business=20 opportunities. John Sherriff and Ken Lay join me in recommending that Carol keep her VP= =20 title as she returns to Enron. =20 A copy of Carol's resume is attached.
What is a potential subject line for this email?
A: Recommendation of Carol Hensley
Here is an email: Mary Beth: Thanks very much for passing these along to Laura Tyson. There are two documents. One is a word file with a suggested list of business leaders that we might bring into the discussions. Please let the Dean know that it's a first cut and that all comments, suggestions, edits, etc. to the document are welcome and appreciated. The second is a pdf file from Credit Suisse First Boston giving CSFB's analysis of what's going on in California. I think it provides further proof that California is still looking for, and ought to be very receptive to, a proposal like the one that we're working on. Could you let me know that you've received this? Thanks again.
What is a potential subject line for this email?
A:
Materials for Laura Tyson