Key Dates for Equity Grants, etc.

Thanks Sheila. Chaps, FYI:

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Here are key dates for equity grants and release dates for various long-term
payouts:

Restricted Stock grant release from 1999 ENELTIP (struck Jan 2000) grant
January 11 Comp Committee approves release of grant, pending outcome of
earnings (anticipated to be 100% release) and value based on
closing price on January 11. Shares released to PaineWebber immediately
(all participants have received a notice on this already).

ECT LTCP payout of phantom stock units (20% of 1997 awards and 60% of 1998
awards)
January 23 Payouts approved by Comp Committee
January 24 Value determined based on closing price of stock
February 6 Checks and Letters issued to participants

2000 LTI, KEYSOP and Bonus Deferral -
January 23 Grant date for Executive LTI, KEYSOP and bonus deferral grants
(also date for bonus approv
February ?? Grant documents to participants anticipated to be out mid-late
February.

Hope this helps

Sheila