ena org changes enron americas office chairman david delainey john lavorato enron 12 21 2000 02 02 sent enron announcements enron ena employees cc joe kishkill sa enron enron orlando gonzalez sa enron enron brett r wiggs sa enron enron remi collonges sa enron enron jeffrey shankman hou ect ect mike mcconnell hou ect ect jeffrey mcmahon hou ect ect raymond bowen hou ect ect louise kitchen hou ect ect philippe bibi hou ect ect rebecca mcdonald enron _ development enron _ development james hughes enron _ development enron _ development mark frevert na enron enron greg whalley hou ect ect richard shapiro na enron enron steven j kean na enron enron james steffes na enron enron ben f glisan hou ect ect mark koenig corp enron enron rick buy hou ect ect john sherriff lon ect ect jeff skilling corp enron enron kenneth lay corp enron enron cliff baxter hou ect ect michael r brown lon ect ect mark palmer corp enron enron subject alignment thanks enron north america outstanding year 2000 notable accomplishments include 100 plus increase ebit 1999 actuals 2000 forecast b significant rationalization balance sheet including sale wind river powder river gathering assets ii east coast power generating assets iii hpl iv five six eastern peakers c ena leading energy merchant factor two physical electricity volume grew 34 ytd 1999 ytd 2000 forecast e natural gas volumes grew 82 ytd 1999 ytd 2000 forecast f 500 growth daily transactions november 1999 november 2000 due highly successful enron online distribution channel g ena reaching 25 roce target truly outstanding accomplishments expectations growth opportunity enron north america 2001 consistent success order reach goals felt necessary align number organizations number changes completed goals alignment include increase overall productivity goal ensure every employee position contribute regardless skill set b increase overall market coverage deal flow information generation goal increase bid offer income increase velocity deal flow improve customer coverage promote quality information transfer trading organization c increase deal quality earnings quality goal allocate resources towards best transactions ii significantly increase promote real time decision making closer tie trading origination mid market structured organizations order better align functions reduce amount un productive internal focus e increase overall velocity capital utilized consistent goal 25 plus return capital employed f identify recognize host new leaders organization critical meeting goals next year objectives mind patterned successful business models calgary portland effective immediately following changes implemented east power single east power team incorporating trading mid market origination formed co leadership kevin presto janet dietrich report enron americas office chairman ea ooc team one income statement one book joint accountability however clear delineation responsibilities inside teams continue exist trading organization manage risk income statement product development aspects partnership originators primary responsibility generate origination income provide coverage deal flow lead strategy formulation provide information generate strategic positions overall team rewarded based upon increasing value book meeting coverage deal flow targets meeting strategic growth goals eastern power markets team responsible covering iou muni co ops industrials ipp utilize ena product capabilities including power commodity assets capital team broken several key strategic regions business units including ercot managed doug gilbert smith bruce sukaly ii ne managed dana davis jeff ader iii midwest managed fletch sturm ed baughman iv se managed rogers herndon ozzie pagan v east power development managed ben jacoby vi east power structuring managed bernie aucoin vii east power fundamentals east gas single east gas team incorporating trading mid market origination formed co leadership scott neal frank vickers returning portland join team west gas similar manner west gas team formed co managed phillip allen barry tycholiz joining us houston canadian team denver office mark whitt integrated team central gas similar manner central gas team formed co managed hunter shively laura luce chicago office integrated team texas gas texas gas team managed tom martin team continue manage gas trading business around hpl pending sale concluded q 2 2001 sale hpl team build texas gas business without ownership hpl assets financial group continue managed john arnold significant changes derivatives group lead fred lagrasta offer derivative financial mid market products services natural gas market specifically targeting cfo treasury departments fred continue maintain certain existing mid market accounts number producer industrial accounts relationships well formed otherwise mid market coverage gravitate regions new york office gas marketing efforts continue managed fred upstream products group lead jean mrha develop several distinct product offerings upstream segment gas market group develop market product conjunction regions consistent desire broader product offering greater market penetration upstream segment products include producer outsourcing similar successful petro canada suncor relationships canada physical storage engineering compressor services wellhead liquidity products offshore asset capital products addition jean manage bridgeline joint venture texaco gas structuring group lead ed mcmichael reporting frank vickers provide structuring deal support gas teams gas fundamentals group lead chris gaskill reporting hunter shively provide fundamentals gas teams julie gomez continue support gas floor several identified projects including long term supply demand analysis natural gas transportation capacity trading opportunities expectation customer overlap gas power groups example combination utilities ipp teams coordinate regard combination utilities like con edison pg e regard ipp extent product offering involves underlying power position power teams manage asked janet dietrich coordinate overlaps two organizations houston e technical restructuring effort consolidate centralize technical resources engineering development operations pipeline ensure skill base available ena groups utilized productively across organization brian redmond form manage technical services group group manage ena technical risks provide cost basis technical services entire ena organization group manage interface ee therefore eliminating need change legal entities et al currently commercial employee ena esa continue conduct business company look forward another exciting year north american energy market certainly company unrivaled marketplace talented employees opportunities endless wish family happy safe holiday season