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Date: Wed, 6 Dec 2000 23:38:00 -0800 (PST)
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BUSINESS HIGHLIGHTS

Weather Group

Let=01,s give a big round of applause to the Weather Team!  Environmental=
=20
Finance Magazine ranked the weather group #1 in Online Services and #1 Deal=
er=20
in the United States and Europe.  Gary Taylor, manager in weather trading,=
=20
comments, "The "Best Dealer" award reflects our counterparties' appreciatio=
n=20
for the significant effort we have made to drive the growth of our market b=
y=20
making two-sided markets where other companies are only willing to quote=20
either a bid or an offer.  This award also reflects the innovative nature o=
f=20
everyone on our desk, and their ability to price non-standard structures fo=
r=20
our customers.  It is truly a team award.  The "Best Online Dealer" award i=
s=20
simply another testament to the unparalleled success of EnronOnline.  By=20
providing tight, two-way markets online, we have provided two critical=20
elements to generate growth in our market: 1) an element of price discovery=
,=20
and 2) a quick and easy way to transact."

The Weather Risk Management group launched a new product this week:  Power=
=20
Demand swaps.  These contracts use power demand as an index and allow power=
=20
market participants (generators, btu distributors, marketers, etc...) to=20
mitigate volumetric exposures.  The first contract the desk offered is for=
=20
the PJM power pool.  On EnronOnline, weekly swaps are available and the des=
k=20
has placed option contracts on this index in the broker market.  Inquiries=
=20
regarding this product should be directed to Claudio Ribeiro (product=20
manager) x37313, Gary Taylor x31511, or Valter Stoiani x36906.

Competitive Analysis and Business Controls
eSource, Enron's premier corporate-wide research group, launched their new=
=20
intranet product, eSearch, on December 1, 2000.  eSource's team of=20
specialized researchers have created a web site to bring information and=20
research to every employee's desktop.  The eSearch web site offers many lin=
ks=20
to information resources, access to research databases, specialized searche=
s,=20
sites to purchase books, articles, and reports, and training.  Employees ca=
n=20
use the web site to conduct their own research or as a vehicle to submit=20
research requests.  eSource's researchers and industry specialists are=20
available to all Enron business units to provide timely and cost efficient=
=20
research, to work with individuals or groups to fulfill one time research=
=20
requests, or to design ongoing, customized monitoring projects or news=20
updates.

Enron Global Markets Fundamentals
EGM Fundamentals is quickly building a team of expert analysts and associat=
es=20
to work directly with traders and marketers.  The team is already busy=20
analyzing various commodities and market situations.  For example, an=20
initiative is underway to analyze current negative fractionation spreads in=
=20
the market resulting from rising natural gas prices.  Web sites to host thi=
s=20
analytical information are currently in development for all EGM commodities=
. =20
These sites will provide research and analysis, weather, publications, and=
=20
any other information that will assist in decision-making or identification=
=20
of potential commercial opportunities.  For questions or requests regarding=
=20
fundamental research, contact Jennifer Fraser at x34759.  For questions or=
=20
suggestions regarding the web sites, contact Heather Purcell at x54057.

Austin Energy
Austin Energy and Enron Sandhill, L.L.C, a subsidiary of Enron North Americ=
a=20
broke ground November 29, 2000 for the construction of the Sand Hill Energy=
=20
Center, a 180-megawatt peaking electrical generation facility.  Located in=
=20
eastern Travis County, the Sand Hill Energy Center will be a natural gas=20
fired facility that will operate primarily during peak demand periods.  The=
=20
$93.7 million project will feature four 45-megawatt General Electric gas=20
turbines and will be operational May 1, 2001.


NEWS FROM THE GLOBALFLASH

Coal
The London dry cargo seafreight team traded 1 million metric tonne of=20
Capesize vessel swaps via EOL in one day, (Wednesday 28th November). The de=
al=20
was created by combining OTC options and a physically related cash market=
=20
deal.  This helps to bring our YTD EOL to just under 2.5 mln tonne.

Off-shore wind energy deal
Enron Wind has signed a power purchase agreement with Swedish energy compan=
y=20
Graninge.  According to the agreement, Graninge will deliver electricity to=
=20
consumers using Enron's wind power plants in southern Sweden.  Enron Wind's=
=20
Utgrunden off-shore wind park, completed this year, will generate in the=20
region of 38,000 megawatt hours of electricity, or enough for around 6,000=
=20
average homes between the mainland and the island of Oland on the southeast=
=20
tip of Sweden.  In an announcement this week, Graninge stated that it plans=
=20
to market the power to consumers as 'green' energy.

Happy 1st Birthday EnronOnline!
This week saw EnronOnline celebrate its first birthday.  During the course =
of=20
its first year, EnronOnline has passed a number of milestones including the=
=20
addition of a range of new functionalities for customers on the site. =20
EnronOnline has now come of age, having surpassed the $274 billion mark in=
=20
notional value in November.  This represents a total of 478,695 transaction=
s=20
since the site was launched on 29 November 1999.

The first anniversary was marked by giving the media guest access to=20
EnronOnline in Europe.  A team from Reuters was invited into Enron House to=
=20
receive a full demonstration of EnronOnline and as of today will be able to=
=20
quote in reports live prices from EnronOnline.  Other media outlets are bei=
ng=20
invited to obtain guest access during the coming weeks as the word of=20
EnronOnline's success continues to spread...

Australia
Enron Australia continues to assist in the region in a supportive role. =20
Elliott Katz worked on the GEM migration in Singapore last week with an IT=
=20
team from London, Oslo and Singapore.  Approximately 40 users, including=20
Traders, were migrated to Windows 2000 and the CORP domain.  This is an=20
important step for the Asia Pacific region, as it brings the three biggest=
=20
offices (Singapore, Sydney and Tokyo) into line with corporate standards fo=
r=20
desktop computing.

Japan
E-Power, a JV between Enron and Japanese finance company Orix, has announce=
d=20
proposals for a 2000MW gas-fired power plant at Mutsu-Ogawara, an industria=
l=20
area  in northern Japan.   A feasibility study will be undertaken to define=
=20
how the project will go forward and this may include the development of an=
=20
LNG terminal in the vicinity.  The nature of the permitting process is such=
=20
that the plant would not begin operations for six to seven years.  This=20
project is just one of several options that E-Power are working on in Japan=
.


NUGGETS & NOTES

=01&Go Big or Go Home=018 =01) Mike McConnell/President & CEO-EGM

"Call Back" - Don Schroeder, VP/Crude Trading-EGM


REMINDER

Holiday Party
Enron North America, Global Markets and Industrial Markets
Enron Field
Saturday, December 9
7:00 - Midnight

WELCOME
New Hires ENA/EIM/EGM
ENA =01) Joseph Taylor, Jennifer Rosado, Rabi De, Louis Dicarlo, Scott Chur=
bock,=20
Kenneth Parkhill, Nicholas Ernst, Dirk Dimitry, Stephanie Taylor, Dimitri=
=20
Tagaropulos, Georgia Blanchard, Jona Kimbrough, Jeffrey Baldwin, Patricia=
=20
English, Jaesoo Lew, Cheryl Nelson, Gina Abbott, Ryan Keith, Brian Dawson
EGM =01)Ellen Alexander, Mike Perun

Transfers to ENA/EIM/EGM
ENA =01) Gregory Golden
EGM =01) Keynan Dutton


FROM THE EDITORS

Thank you to all the contributors to this week's EnTouch.  We want to hear=
=20
from the various departments within Enron Americas, Global Markets and=20
Industrial Markets!  Please continue to send your business highlights,=20
nuggets & notes or suggestions to Michelle Vitrella or Kathie Grabstald.


LEGAL STUFF

The information contained in this newsletter is confidential and proprietar=
y=20
to Enron Corp. and its subsidiaries.  It is intended for internal use only=
=20
and should not be disclosed.