Enron Corp. - University of California | Office of The President

... Together, our business units represent the comprehensive and strong
competitive advantage that sets Enron apart ....
* * *
Enron Energy Services is uniquely positioned to provide nationwide energy
outsourcing services to our industrial and commercial customers – and our success
shows that customers value these services. In 1998, we signed energy services
contracts representing $3.8 billion in total contract value, and we expect to sign
contracts worth $8 billion or more in total value in 1999.... [W]e expect to begin
generating positive earnings in late 1999 and to have strong growth in earnings
in 2000 and beyond.
New Businesses
Enron has a long history of starting and successfully building new
businesses.
In 1998, we established a new global water business, Azurix, through the
acquisition of U.K.-based Wessex Water....
Through Enron Communications, we are establishing the first nationwide,
Internet protocol fiber optic intelligent network in the U.S. and are uniquely
positioned to develop and deliver high quality, high speed business applications
and information to the enterprise desktop. We think both of these businesses have
tremendous potential and could be significant contributors to the value of our
stock in the next couple of years.
* * *
Enron is becoming the "blue chip" of the electricity and natural gas
industry worldwide. We have the people and the skills in place to widen our strong
competitive advantage, and we think it would be very difficult, if not impossible,
for any other company to replicate our overall capabilities in the foreseeable
future.
Our core businesses are positioned for very solid growth in 1999 and
beyond. We have an extremely strong franchise position, and we have platforms
in place in our core businesses and new businesses or significant expansion and
earnings growth.
137. Enron's 98 Annual Report also discussed Enron's Dabhol power plant:
The Dabhol power project ... is expected to be a strong contributor to
Enron's earnings in 1999 and beyond.
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