Government Affairs-The Americas Promotions

I am very pleased to announce the following promotions that became effective
February 1, 2001.

Steve Montovano - Sr. Director to Vice President: Steve, as regional head for
the Eastern Seaboard area, has developed a very effective team that has
brought a very commercially focused approach to their efforts in that region.
Steve and his team have developed a model approach to transactional support
and origination that has made them an integral part of the commercial teams
that work in his region. Steve's efforts have been recognized by all,
particularly his commercial counterparts in the region.

Jeff Dasovich - Director to Sr. Director: As part of the Western States team,
Jeff has helped to coordinate Enron's actions in response to California's
energy crisis. Throughout this crisis he has worked closely with Enron
Energy Services, Enron North America and senior management of the company in
a way that fully reflects Enron's core values. He has provided and continues
to provide leadership on complex issues involving business and litigation
risk. Jeff has also provided tremendous value to the business units on a
number of transactions arising from the crisis.

Lisa Yoho - Director to Sr. Director: Lisa has been a valuable member of the
Eastern Seaboard team and , more recently has assumed responsibility for
Enron Global Markets and Enron Networks. Lisa has been an integral team
member in trying to establish a market for secondary rail transportation
capacity and in helping to launch the company's efforts into the
agricultural commodity business. In these and many other efforts in which
Lisa has been involved, Lisa has consistently demonstrated substantive
leadership and excellence.

Donna Fulton - Manager to Director: Donna joined Governmental Affairs this
past summer, and has made excellent contributions to our RTO efforts, the
sale of Portland General, and various commercial endeavors ranging from gas
matters to licensing of a hydroelectric project in California. Her extensive
experience before the Federal Energy Regulatory Commission has proven
invaluable to the Office.

Lara Leibman - Manager to Director: Lara consistently has produced very
high quality work across a number of industries and issues. Most recently,
she has developed both regulatory and technical knowledge on issues related
to developing a secondary market for wireless spectrum. This has enabled her
to provide a valuable leadership role while working closely with her
commercial counterparts in this and other areas.

Charles Yeung - Manger to Director: Charles has been a key player in
promoting changes to North American Electric Reliability Council (NERC)
operating policies that affect the East Trading Desk. His understanding of
the NERC policies and leadership role in NERC committees and working groups
has been essential to successfully advocating meeting the needs of Enron.

Allison Navin - Legislative Coordinator to Manager. Allison has been
responsible for the research and tracking of key issues and legislation in
the Washington, DC office as well as coordinating briefing and informational
materials and has done an outstanding job in the execution of all of her
resposibilities. In her new role, Allison will be an integral member of the
federal advocacy team, working on a number of legislative and regulatory
issues that will include broadband and e-commerce.

Ginger Dernehl - Executive Secretary to Administrative Coordinator: Ginger
has done an outstanding job in supporting and coordinating efforts for the
Government Affairs-The Americas group for the past 4 years. Her dedication
and hard work have resulted in her success and her promotion to
Administrative Coordinator. A special personal note on Ginger. Ginger, in my
mind, exemplifies and embodies the best of Enron's vision and values: She
works hard, produces outstanding results for the group, posesses an attitude
that is optimistic and fun-loving, and still does an extraordinary job of
balancing the personal and professional. Ginger, to put it succinctly, is a
treasure and I am very pleased and proud to recognize her accomplishments.

Joseph Alamo - Administrative Assistant II to Sr. Administrative Assistant:
Joseph has been with San Francisco office for 1 1/2 years, during which time
he has supported as many as five members of the Government Affairs teams.
Joseph is uniformly recognized for his willingness to take on difficult tasks
and his dedication to the company's efforts. We thank Joseph for his work on
behalf of Government Affairs and congratulate him on his promotion.

Please join me in congratulating each of these individuals that have all
made significant contributions to this company's success. I have also
attached an updated organizational chart.