
Date: Wed, 20 Jun 2001 11:33:00 -0700 (PDT)
From: paul.hennemeyer@enron.com
To: amr.ibrahim@enron.com
Subject: RE: Accomplishments - November 2000 - April 2001 - Europe
Cc: richard.shapiro@enron.com
Bcc: richard.shapiro@enron.com

Amr

I attach a note I wrote for the head of Continental Trading that lays out the
work that I -
with support from the origination and regulatory collegeauges- have been
engaged in. It is reasonably current.
The examples of transaction support that have resulted in $$, are from the
second half of 2000. The first six months
of this year have been focussed on advocacy work related to the revision of
the German energy
law, negotiating a network agreement for gas, supporting EU investigations in
abusive practices
and building up stronger political relationships through our trade
association - EFET.

The deal support efforts from this year thus far relate to:

Significant support provided to the German origination team to secure
transport across Germany,
Switzerland, and Italy to provide gas to our first Italian customers. My work
was focussed on
getting the Swiss gas company to the negotiating table (something they were
very reluctant to do) through
regulatory/legal pressures. Currently doing the same to secure TPA  to the
Trans Austria gas pipeline and
the Baltic Cable - again employing our now well-established regulatory and
legal pressures (bad cop tactics)
Gas pipeline access in Austria will allow us to significantly increase volume
supplied to our Italian customers
Baltic access will allow us to begin actively arbitraging power price
differentials between Germany and
Nordpool. Each of these will be firsts for newcomers in the European market.

I hope this helps, Paul



