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Enron Extends EnronOnline Pricing to HoustonStreet
FOR IMMEDIATE RELEASE: Wednesday, July 12, 2000
HOUSTON -- Enron announced today that it has signed a memorandum of understanding to extend EnronOnline pricing for North American natural gas and electricity to HoustonStreet Exchange, Inc. Enron will simultaneously post prices at which it will buy or sell natural gas and electricity on both EnronOnline and HoustonStreet. Customers will be able to transact on either system. EnronOnline, which has conducted transactions worth more than $90 billion in 2000, will continue to post two-way prices for more than 800 products in global energy and commodities markets.
“Enron believes that by extending the availability of its North American natural gas and electricity pricing to other transaction platforms, liquidity will continue to be enhanced and Enron will be able to transact with more buyers and sellers,” said Louise Kitchen, president and chief operating officer of EnronOnline LLC.
Enron is one of the world’s leading electricity, natural gas and communications companies. The company, which owns approximately $37 billion in energy and communications assets, produces electricity and natural gas, develops, constructs and operates energy facilities worldwide, delivers physical commodities and financial and risk management services to customers around the world, and is developing an intelligent network platform to facilitate online business. Fortune magazine has named Enron "Most Innovative Company" for five consecutive years, the top company for "Quality of Management" and the second best company for "Employee Talent." In addition, Enron ranks in the top quarter of Fortune's "Best 100 Companies to Work For in America." Enron’s Internet address is www.enron.com. The stock is traded under the ticker symbol “ENE.”
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For additional information please contact:
Karen Denne
(713) 853-9757
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