Enron Transportation Services
The Gas Pipeline Group formally changed its
name in September 2000 to Enron Transportation
Services to emphasize its ability to deliver innovative
solutions to its customers. These emerging services
augment our core competency: operating interstate
pipelines safely and efficiently. In 2000 we continued
our record of strong returns with consistent earnings
and cash flow. Income before interest and taxes
reached $391 million, up from $380 million in 1999.
Cash flow from operations rose to $415 million
in 2000 from $370 million in 1999. Throughput
remained relatively unchanged in 2000 at 9.13
billion cubic feet per day (Bcf/d), compared to 9.18
Bcf/d the previous year.
Together, our interstate pipelines span approximately
25,000 miles with a peak capacity of 9.8
Bcf/d. We transport 15 percent of U.S. natural gas
demand. We connect to the major supply basins in
the United States and Canada, and we continue to
increase capacity from those basins to our major
markets. We have added 840 million cubic feet per
day (MMcf/d) over the past two years, and nearly 1
Bcf/d is scheduled to enter service in the next three
years. At the same time, our expense per MMcf/d
has declined by 26 percent from 1992 to today.
Enron Transportation Services pipelines have
brought to market a variety of new products and
services specifically tailored to address customer
needs. Northern Natural Gas, for has used
interruptible storage products that extend its capability
to meet the growing demand for services to
manage physical positions. Transwestern Pipeline
Company is offering shippers increased service
flexibility by accessing third-party storage. Across
all pipelines, web-based applications have been
introduced to allow customers to better manage
transactions and allow the pipelines to maximize
their capacity offerings. Northern Natural Gas,
Transwestern Pipeline and Florida Gas Transmission
began to sell available capacity on EnronOnline
in 2000 to give customers the convenience of
eCommerce transacting.