Dynegy: Enron a 'Model Competitor'
It doesn't happen very often, so we're noting an apparently
spontaneous comment from Dynegy Counsel Ed Ross at a FERC
Roundtable last week that one of his chief competitors, Enron, "has
done an excellent job of being competitive." He suggested others
could look to Enron as a "model competitor. They've done a very
good job of setting up a strong financial desk and a strong
physical desk and we don't see any problem with it. I think they
have set up their books in a way that they truly have separation
between the regulated and unregulated aspects of their business."
Ross had prefaced the remark, midway through a heated debate on
affiliate abuses, with the comment that "this is not an
industry-wide problem. I believe there are good and bad players in
the market today."
Earlier, Enron's Leslie Lawner had invited "all of you to spend
the day on Enron's trading floor, because I assure you, you will
not see a more competitive environment anywhere. There is no way
these folks, who fight like cats and dogs among themselves, would
voluntarily transfer value to the pipeline group for the good of
the bottom line." Lawner had to quickly back off the invitation ---
mentioning confidentiality restrictions --- when it appeared about
half the room was ready to troop over to the trading floor.
©Copyright 2001 Intelligence Press, Inc. All rights
reserved. The preceding news report may not be republished or
redistributed in whole or in part without prior written consent of
Intelligence Press, Inc.