Please see below the latest edition of GlobalFlash! for your information.

Regards,

Tracy
---------------------- Forwarded by Tracy Ralston/EU/Enron on 04/12/2000 
17:42 ---------------------------
   
	
	
	From:  Enron Europe General Announcement @ ECT                           
01/12/2000 15:53
	

Please respond to Jackie Gentle/LON/ECT
To: ECT Europe, ECT Asia Pacific
cc:  

Subject: Newsletter: GlobalFlash!



BUSINESS HIGHLIGHTS

Coal
The London dry cargo seafreight team traded 1 million metric tonne of 
Capesize vessel swaps via EOL in one day, (Wednesday 28th November). The deal 
was created by combining OTC options and a physically related cash market 
deal.  This helps to bring our YTD EOL to just under 2.5 mln tonne.

Off-shore wind energy deal
Enron Wind has signed a power purchase agreement with Swedish energy company 
Graninge.  According to the agreement, Graninge will deliver electricity to 
consumers using Enron's wind power plants in southern Sweden.  Enron Wind's 
Utgrunden off-shore wind park, completed this year, will generate in the 
region of 38,000 megawatt hours of electricity, or enough for around 6,000 
average homes between the mainland and the island of Oland on the southeast 
tip of Sweden.  In an announcement this week, Graninge stated that it plans 
to market the power to consumers as 'green' energy.

Happy 1st Birthday EnronOnline!
This week saw EnronOnline celebrate its first birthday.  During the course of 
its first year, EnronOnline has passed a number of milestones including the 
addition of a range of new functionalities for customers on the site.  
EnronOnline has now come of age, having surpassed the $274 billion mark in 
notional value in November.  This represents a total of 478,695 transactions 
since the site was launched on 29 November 1999.

The first anniversary was marked by giving the media guest access to 
EnronOnline in Europe.  A team from Reuters was invited into Enron House to 
receive a full demonstration of EnronOnline and as of today will be able to 
quote in reports live prices from EnronOnline.  Other media outlets are being 
invited to obtain guest access during the coming weeks as the word of 
EnronOnline's success continues to spread...

Australia
Enron Australia continues to assist in the region in a supportive role.  
Elliott Katz worked on the GEM migration in Singapore last week with an IT 
team from London, Oslo and Singapore.  Approximately 40 users, including 
Traders, were migrated to Windows 2000 and the CORP domain.  This is an 
important step for the Asia Pacific region, as it brings the three biggest 
offices (Singapore, Sydney and Tokyo) into line with corporate standards for 
desktop computing.

Welcome Sarah Brown as Associate in the Portfolio Management team.  Sarah's 
most recent role was in Trading Operations with Sempra Energy Europe which 
included gas trading and some exposure to electricity. Does her name ring a 
bell?  Prior to that Sarah was with Enron in London, mainly focused on gas 
transportation analysis and contract management.   

Enron Australia participated in the First Annual Chase Corporate Challenge. 
The team of David Bartnik, Connell Burke, Fiona Skinner, Paul Smith and 
Jervyn Zhang competed with record times in the pouring rain. It was a good 
event, though it should have been billed as a 'biathlon' with all of the 
splashing. 

Japan
E-Power, a JV between Enron and Japanese finance company Orix, has announced 
proposals for a 2000MW gas-fired power plant at Mutsu-Ogawara, an industrial 
area  in northern Japan.   A feasibility study will be undertaken to define 
how the project will go forward and this may include the development of an 
LNG terminal in the vicinity.  The nature of the permitting process is such 
that the plant would not begin operations for six to seven years.  This 
project is just one of several options that E-Power are working on in Japan.


THE RESULTS ARE IN!

Watch out next week for a special edition of GlobalFlash and find out just 
how well everybody in Europe, Japan and Australia rated Enron on issues such 
as the work place environment, communication and respect in the PULSE 
Survey.  


LUNCHTIME PRESENTATIONS

Following are the forthcoming Lunchtime Presentations that will take place in 
the Auditorium between 12.00 - 1.00 pm for the month of December.


Tuesday 5th December    Markus Fiala  EnronCredit.com

Thursday 7th December   Rob Bayley  UK Origination

Thursday 14th December   Pierre Aury  Freight Training


HONEYPOT "LOOSE CHANGE WEEK"

Enron will, once again, host the Honeypot Charity's "Loose Change Week" 
during the week of 4th - 8th December.  Honeypot is a charity dedicated to 
providing support and encouragement to severely disadvantaged young children 
living in Britain, by providing holidays and respite care at the Honeypot 
House in Hampshire.  Last year the "Loose Change Week" raised over o4,500 
which was a significant contribution to Christmas parties held for severely 
disadvantaged children.

Collection boxes will be situated in the Pit Stops and kitchens on all floors 
of Enron House as well as the Gigabite.


ANNOUNCING THE ARRIVAL OF 'TELL THE TEAM!'

It is now possible for the Plasma Screens and Video Wall at Enron House to 
display brief animated announcements.  Managers can target specific screens 
in their area and have an announcement appear at specific times, or have a 
general announcement appear on all screens around the building. The new 
system has a limited capacity at present, so announcements will be displayed 
on a priority basis. To collect a form please go into Brainbox on the S: 
drive under the folder entitled 'Tell the Team!'.  Forward your completed 
form via email to Paul Sharp or Eva Lloyd in E-Business Design.  Please 
contact Fiona Grant (ext 35308) for any further information.


ENRON'S HOLIDAY FAYRE

To help you out with your gift buying this year, Enron will be holding a 
Holiday Fayre in the Forum between 8.00 a.m. and 6.00 p.m. on Thursday 7th 
and Friday 8th December.  There will be a number of stalls selling a wide 
range of products from Christmas Hampers to perfume to clothing, plus a free 
gift wrapping service will be provided, too.

Please note that cash transactions will not be permitted - you will only be 
able to pay for goods with either a credit card or personal cheque 
accompanied with a guarantee card.  We would like to note also that some of 
the stalls will only be bringing limited stock with them on the 7th and 8th, 
and therefore will arrange for your goods to be delivered to you at a later 
date (obviously before Christmas!)

Hope to see you there!


AIRLINE DEALS

Iberia Airlines have the following deal available.  This is for departures 
from now until 28th February 2001 but reservation and ticketing must be made 
on or before 15th December.

 Madrid
 Two Business Class normally = o1,035.60
 Two Economy Class normally = o904
 Two for One Deal  = o751.60 (business class)

 Barcelona
 Two Business Class normally = o1,256
 Two Economy Class normally = o1,052
 Two for One Deal  = o717.60 (business class)

Passengers must travel together and is only valid for Iberia airlines, and 
can not be changed to other flights.


British Airways from now until 31st January are offering passengers who 
travel on fully flexible economy tickets complimentary upgrades to the new 
World Traveller Plus cabin.  

This is valid on routes to New York - JFK, San Francisco and Hong Kong and is 
subject to availability.

When you travel World Traveller Plus, you will enjoy the following extra 
benefits:

 - A new separate cabin
 - Completely new, wider seat, boasting seven inches of extra leg room than 
World Traveller
 - In seat laptop power and an individual phone


IN-HOUSE TRAVEL SERVICE

With effect Monday 4th December the opening hours of Ayscough Travel will be 
extended.  The new opening times will be  08:30-18:30 hrs to meet business 
needs.


NEW STARTERS

A warm welcome this week to Paul Burland (IT Operations), Roland Kuchler 
(Energy Operations), Michael Randles (Fin Ops Acc & Comp), Cecilia Turriago 
(Metals Business), Anita Cullen (EBS PR), Jens Gobel (Metals Business), Anna 
Aslanyan (Research & Trading Controls), Fabienne Robineau (EBS Bandwidth 
Origination).


AMERIFLASH BUSINESS HIGHLIGHTS

EGM Coal & Emissions
The November and December NYMEX market remains very tight.  Offers in the OTC 
market have climbed to the low $40s.  The highest reported trade for December 
was reported at $38.50.   The tightness should continue through the first 
half of the year  with the Martin County mine still shut down.  The rest of 
the year remains strong piggy backing off of the current spot market. 

Finally--Life beyond the 150 to 155 range--vintage year 2000 SO2 allowances 
broke out of this trading range this week.  The low trade was around $119.50 
and the last trade was around $120.50.  The sharp drop in prices was caused 
in large part by the news of Dominion Virginia Power settling the New Source 
Review lawsuit brought against it by the state of NY and the EPA Continuing 
rumors of further NSR related settlements will likely create continued 
volatility.  It is as yet unclear what the new price floor will be.

NOx has settled down a bit with last trade 2001 vintage of $675.

Principal Investments
Solo Energy Corporation, an Alameda, California based developer of Wireless 
Energy microturbine products to supply superior on-site energy service to 
U.S. commercial and light industrial customers, announced that Enron North 
America has completed an equity investment in Solo Energy as well as entered 
into an alliance agreement.

In exchange for warrants to purchase the Company,s preferred stock, Enron 
will assist in obtaining fuel contracts to support the Company,s distributed 
generation contracts, including the provision of gas and backup electricity, 
and will work with the Company to support its market and gas technology 
research.