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.
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Enron Taps Wholesale Execs To Help Lay With Strategy
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.
Cal-ISO Lowers Cap to $100, Makes Other Changes
As an interim measure, the Cal ISO board last week approved (ona 13-10 vote) a load differentiated price cap that was promoted bya consumer advocate representative on the badly splinteredstakeholder board. The action drew swift criticism from generators.