Management Announcement

We are pleased to announce that Cliff Baxter has been named Vice Chairman o=
f=20
Enron Corp.
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Cliff joined Enron in 1991 and has served in a variety of leadership=20
positions in Enron Corp. as well as Enron=01,s wholesale business, includin=
g Sr.=20
Vice President of Corporate Development for Enron Corp., Chairman and CEO o=
f=20
Enron North America, and Chief Strategy Officer for Enron Corp.
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In his new role, Cliff will focus on the strategic repositioning of the=20
company as we continue to increase our return on invested capital. =20
Initially, much of that activity will center on the disposition of certain=
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assets. Cliff=01,s leadership and experience at both the corporate and=20
operating company levels will enable him to lead the effort on this=20
company-wide priority. =20

Please join us in congratulating and supporting Cliff in his new role.