Execs

Amid a heightened state of alert, executives from 11 major oil and natural gas corporations will meet Thursday outside of Washington, DC, to form what will be known as an information sharing and analysis center (ISAC) to address industry- and company-specific security risks and threats.

Enron Corp. promoted two of the Houston company’s wholesale services veterans last week to join CEO Kenneth L. Lay in the Office of the Chairman, which sets company strategy. Greg Whalley, 39, and Mark Frevert, 46, moved to the top floor last Tuesday. Whalley, who assumes the president and COO spot, had been president and COO of Enron Wholesale Services, while Frevert, now vice chairman, had been chairman and CEO of that division. Enron Wholesale accounted for the bulk of the company’s second quarter revenue this year. All three, said Lay, will help guide the company.

Enron Corp. promoted two of the Houston company’s wholesale services veterans to join CEO Kenneth L. Lay in the Office of the Chairman, which sets company strategy. Greg Whalley, 39, and Mark Frevert, 46, moved to the top floor on Tuesday. Whalley, who assumes the president and COO spot, had been president and COO of Enron Wholesale Services, while Frevert, now vice chairman, had been chairman and CEO of that division. Enron Wholesale accounted for the bulk of the company’s second quarter revenue this year. All three, said Lay, will help guide the company.

Enron Corp. stock last week saw some of its worst days of trading in more than a year following the news that President and CEO Jeffrey K. Skilling, who was credited with much of the energy giant’s successes over the past decade, had resigned. Before the week ended, Chairman Kenneth L. Lay had called a company-wide meeting to assure employees that the company remained on solid financial footing, while senior management officials met with financial analysts in New York to convince them that no other surprises lay ahead.

The energy industry continues to struggle to develop enough natural gas storage capacity to keep pace with the growing U.S. market, and several new gas storage facilities will have to be added each year just to keep up, according to North American gas storage executives.

The energy industry continues to struggle to develop enough natural gas storage capacity to keep pace with the growing U.S. market, and several new gas storage facilities will have to be added each year just to keep up, according to North American gas storage executives.

Creating a stand-alone transmission company is easier said than done, and companies mulling such a move, should be prepared to face a slew of impediments and surprises along the way, according to several executives who appeared last week at the Energy Bar Association’s 55th annual meeting in Washington, D.C.

To stay competitively in the game, power plant players of thefuture need to manage a lot of risks: fuel, market, financial andpolitical, which can change almost as quickly as the weather,according to a panel of electric power honchos speaking at lastweek’s Cambridge Energy Research Associates’ CERAWeek 2001 meetingin Houston.

To stay competitively in the game, power plant players of thefuture need to manage a lot of risks: fuel, market, financial andpolitical, which can change almost as quickly as the weather,according to a panel of electric power honchos speaking atyesterday’s Cambridge Energy Research Associates’ CERAWeek 2001meeting in Houston.