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Enron Europe Project Doorstep Enron Nordic Energy Stockholm, Sweden May 2001 PowerPoint PPT Presentation


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Enron Europe Project Doorstep Enron Nordic Energy Stockholm, Sweden May 2001. Draft. Confidential. Enron Europe. Project Participants. & Objectives. The objective of this review.

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Enron Europe Project Doorstep Enron Nordic Energy Stockholm, Sweden May 2001

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Enron europe project doorstep enron nordic energy stockholm sweden may 2001

Enron Europe

Project Doorstep

Enron Nordic Energy

Stockholm, Sweden

May 2001

Draft

Confidential


Enron europe project doorstep enron nordic energy stockholm sweden may 2001

Enron Europe

Project Participants

& Objectives

The objective of this review

We performed an on-site review of the origination activities of Enron Nordic Energy located in Stockholm, Sweden. Our review procedures consisted of interviews with the originators on May 17, 2001.

Doorstep Team Members

Cindy Horn, Enron Net Works

Homan Amiry, Risk Assessment & Controls

Office Personnel Interviewed

Johan Strom, Manager ENE

Manuel Sward, Originator ENE

Jen Eliasson, Originator ENE

Thomas Stalin, Manager Enron Wind

Peter Hamilton, Enron Metals

Christopher Eckerberg, EBS

Questions?

For further understanding of objectives or observations, please contact Cindy Horn at 44 207 783 4560 ([email protected]) or Homan Amiry at 44 207 783 5501 ([email protected])

@enron.com

1

Confidential

Stockholm Office Review – 05/01


Enron europe project doorstep enron nordic energy stockholm sweden may 2001

Enron Europe

Summary of

Office Highlights

Office Profile

The office has 6 originators which handle power, metals and EBS, 1 regulatory affairs manager for Enron

Wind and 1 receptionist. Any trades originated from Stockholm are executed and confirmed from the

Oslo office. There were no access to trading systems just views to EOL, Telerate and other

pricing services. They maintain their customer lists and contact history on excel to track activity.

Daily telephone communication is done with Oslo and there is a weekly teleconference in which they

all participate.

Counterparties

They have approximately 200 customers they are communication with and track activity. The trades that

would come from this activity would be done through Oslo following their processes and controls.

2

Stockholm Office Review – 05/01

Confidential


Enron europe project doorstep enron nordic energy stockholm sweden may 2001

Enron Europe

Observations and

Action Steps

Priority

Owner & Target Date

Code

No.

Observation

Root Cause

Action Step

Business growth

Metal originator would like to expand customer base and product origination. Would need to recruite another originator to handle this.

1

L

As a remote office, Enron Europe Office of Chair requires significant business justification for additional costs.

Joe Gold

Office could utilize the video camera on your desk top when they talk with the Oslo office.

L

Set up MS Net-meeting on all workstations and where required cameras.

Routine assessment of cost effectiveness is on-going.

2

Effective communication with Oslo office

Priority Code:

Low

High

Medium

3

Stockholm Office Review – 05/01

Confidential


Enron europe project doorstep enron nordic energy stockholm sweden may 2001

Enron Europe

Summary of

Deal Test

The activity performed from this office was marketing (origination) with no trade execution,

confirmation or cash activity. They have daily interaction with the Oslo office and weekly

teleconference calls.

Summary of Findings

Other

  • In general, local office was very receptive to our visit and spending time discussing their activities.

4

Stockholm Office Review – 05/01

Confidential


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