EnronOnline Pumps Up Commodity Services
Enron's interstate natural gas pipelines soon will begin
offering capacity on EnronOnline, a breakthrough transportation
service that has never been done before. With its Transwestern
Pipeline leading the way, Enron said last week the pipeline would
be the first to offer capacity for bidding through an open season
on EnronOnline, its electronic transaction platform. Bidding will
begin next week.
"The use of EnronOnline to market interstate transportation
capacity represents a major step forward as our pipelines look for
new ways to use e-commerce to better serve our customers," said
Stan Horton, chairman of Enron Gas Pipeline Group. "This innovative
approach to marketing pipeline capacity clearly benefits both
interstate pipelines and customers."
Initially, Transwestern will offer 20,000 Dthd of firm capacity
for the month of July. An open season conducted through a sealed
bid process will begin this Thursday at 8 a.m. CST, and will close
June 26 at 2 p.m. CST. All bidders will be notified of acceptance
or rejection of their bids by 4 p.m. CST the same day.
The Transwestern system consists of approximately 2,400 miles of
pipeline, with east-west delivery capability of 1.7 Bcf/d.
"By offering capacity services through our online service, we
are offering our commodity transportation customers everything they
need in one place," said Enron's Gina Taylor. "It's just one more
option to put everything in one place, and to help make everything
Several of Enron's other pipelines, including Northern Natural
Gas, Northern Border Pipeline and Florida Gas Transmission (FGT),
also plan to offer interstate services on the e-commerce platform
in the "near future," according to officials.
Two Enron pipelines, Houston Pipe Line and Louisiana Resources
Pipeline pipe have not committed to the interstate capacity service
but may do so in the future.
Since it was launched, EnronOnline has completed more than
140,000 transactions overall, valued at more than $62 billion
Taylor said. Enron officials claim that EnronOnline is the world's
largest Internet site, with more than $50 billion in transactions
in less than seven months of service.
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