Content Approval Process

Pursuant to our meeting the other day, I would like to lay out the approval
plan for the EnronOnline content.

Legal and Public Affairs will compile a list of statements which definitely
are restricted and a list of grey area issues. (such as no trading advise)

All content for Phase 2 will be forwarded to Mark Taylor, Mark Palmer, John
Gilchrist, Mike Danielson and Bob Shults. Mark Taylor and Mark Palmer will
approve all content for Phase 2.

Legal and Public Relations will determine which components of the content
create potential hot spots and will discuss with Bob Shults/Mike
Danielson/Shah

Legal will provide disclaimer copy for the web site that is global in scope
and provide the appropriate font and location requirements

Once Public Relations and Legal get comfortable, content providers will
follow restriction list and use best judgement to determine the need for
Public Relations and Legal review.

Bob Shults will visit with Mark Koenig to identify Investor Relations issues.

If you have any issues or questions with the above please advise.