EES Lost More than Enron Claims, Says Ex-Employee

A former Enron Corp. employee, laid off in August 2001 shortly after former CEO Jeffrey Skilling resigned, claimed in an internal memo sent three weeks after she left the company that Enron Energy Services (EES) moved “huge” losses into its money-making Enron Wholesale Services unit to appear more substantial. The allegations, reported Thursday by the Houston Chronicle, were made last Aug. 28 in a memo to former Chairman Kenneth Lay and the board of directors.

January 25, 2002

Barton Mulls Over Emergency Bill for CA

Chairman Joe Barton (R-TX) of the House Energy and Air Quality Subcommittee is expected to announce shortly — possibly as early as this week — whether he will introduce emergency legislation in an attempt to head off worsening power shortages that are being predicted for the California wholesale power markets this summer.

March 26, 2001

Early AGA Release Lifts Futures Late

After piercing key resistance at $2.78 shortly before noon(EST), natural gas futures kicked into overdrive yesterday astraders discounted warm weather forecasts and added to their longpositions.

March 2, 2000

Transportation Notes

Shortly after canceling an Overage Alert Day notice (see Daily GPI,Feb.1), Florida Gas Transmissionreported experiencing enough market-area demand to reinstate thenotice Tuesday east of Station 13 in northern Florida. As with theearlier one, the OFO carries a 6% tolerance for negative imbalances.

February 2, 2000
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