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Date: Wed, 29 Nov 2000 10:31:00 -0800 (PST)
From: enron.announcements@enron.com
To: all_ena_egm_eim@enron.com
Subject: EnTouch Newsletter
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CONGRATULATIONS!!!
PAT JOHNSON is the winner for =01+The Name This Newsletter Contest=01,.  It=
 was a=20
close call. After receiving over 50 great ideas, the PR Dept had a tough ti=
me=20
narrowing the list to the top ten for Mark Frevert=01,s final decision.  We=
=01,d=20
like to thank everyone who submitted suggestions and a special thanks to Pa=
t=20
Johnson for sending in the winning name EnTouch.=20


BUSINESS HIGHLIGHTS

EGM Coal & Emissions
The November and December NYMEX market remains very tight.  Offers in the O=
TC=20
market have climbed to the low $40s.  The highest reported trade for Decemb=
er=20
was reported at $38.50.   The tightness should continue through the first=
=20
half of the year  with the Martin County mine still shut down.  The rest of=
=20
the year remains strong piggy backing off of the current spot market.=20

Finally--Life beyond the 150 to 155 range--vintage year 2000 SO2 allowances=
=20
broke out of this trading range this week.  The low trade was around $119.5=
0=20
and the last trade was around $120.50.  The sharp drop in prices was caused=
=20
in large part by the news of Dominion Virginia Power settling the New Sourc=
e=20
Review lawsuit brought against it by the state of NY and the EPA Continuing=
=20
rumors of further NSR related settlements will likely create continued=20
volatility.  It is as yet unclear what the new price floor will be.

NOx has settled down a bit with last trade 2001 vintage of $675.

Principal Investments
Solo Energy Corporation, an Alameda, California based developer of Wireless=
=20
Energy microturbine products to supply superior on-site energy service to=
=20
U.S. commercial and light industrial customers, announced that Enron North=
=20
America has completed an equity investment in Solo Energy as well as entere=
d=20
into an alliance agreement.

In exchange for warrants to purchase the Company=01,s preferred stock, Enro=
n=20
will assist in obtaining fuel contracts to support the Company=01,s distrib=
uted=20
generation contracts, including the provision of gas and backup electricity=
,=20
and will work with the Company to support its market and gas technology=20
research.=20

NEWS FROM THE GLOBALFLASH

EnronCredit.com
On Halloween, Enron Credit.com hit the City of London last Tuesday. As an=
=20
original PR stunt, the EnronCredit.com team organized a Grim Reaper with tw=
o=20
female vampires to distribute candy carrying the message, "Corporate=20
bankruptcies are on the increase and could be your worst nightmare. You can=
=20
protect your company and sleep well at night". Locations for the distributi=
on=20
of 5,000 packs of candy were Bank, Broadgate and Canary Wharf. The general=
=20
feedback and reaction of people was positive. Photos of the event will be=
=20
available on the EnronCredit.com site.

Enron Japan Corp.
Enron is powering ahead in Japan following the official launch of Enron Jap=
an=20
Corp. in Tokyo last week.  In keeping with Japanese tradition, Ken Lay, Joe=
=20
Hirl, Ken Rice and Mike McConnell donned "happi coats" - a sort of short=20
kimono - and used ceremonial hammers to break the lid of a wooden cask of=
=20
sake in front of an audience of 350 drawn from major companies and=20
government.  Enron has made an immediate impact already by offering eligibl=
e=20
consumers 3-5 year contracts with immediate savings of up to 10 percent in=
=20
the first year.   View the Japan website at www.enron.co.jp  [No worries,=
=20
it's in Japanese and English ...Ed]

There are 35 Enron employees in the Tokyo office including an Enron Metals=
=20
team.  EBS will be staffing up there over the coming months. =20


Nordic energy agreement with UPM-Kymmene
Enron Nordic Energy and UPM-Kymmene Corp. have signed a two-year portfolio=
=20
management agreement covering UPM Kymmene's Nordic power portfolio. The=20
Mid-Market desk in the Oslo office will assist UPM in optimising its=20
portfolio of approximately 14 TWh. energydesk.com will provide UPM with the=
=20
risk management system used in the process. In addition, the agreement open=
s=20
the door for Enron Energy Services to explore a variety of opportunities=20
within the company. The Nordic agreement is the first step towards a broade=
r=20
scope of co-operation with UPM on a European and Global basis. The total=20
contract value is estimated to be $375 million.

UPM-Kymmene's nominal electricity resources total about 3000 MW, of which=
=20
2500 MW in Finland and about 500 MW in other countries. The group's power=
=20
procurement totals approximately 18 TWh per year, of which about 14 TWh in=
=20
Finland. Around 15 TWh/a is consumed by the group's own mills and the rest =
is=20
sold to the market.

http://www.upm-kymmene.com
http://www.upm-kymmene.com/upm/energy/energybuild.html

The deal was led by Sami Tenngren - Nordic Mid-Market, and was supported by=
=20
Magnus Groth - EES, Jukka Hormaluoma - energydesk.com, and Martin Rosell -=
=20
Legal.

Congratulations on a job well done to all those who worked so hard to put=
=20
this transaction into place........Thor Lien.

Australia
Despite heavy flooding in NSW, the weather is looking up for Enron=20
Australia.  Last week, the Sydney Office launched online Hong Kong weather=
=20
derivatives  and the Sydney weather node traded on EnronOnline in the US ti=
me=20
zone.  With this precedent, we hope to support the takeoff of global weathe=
r=20
on EnronOnline. =20

The Coal Group in Sydney has suddenly become very popular. There is no doub=
t=20
that a recent sale to AES for the plant at Barbers Point, Hawaii is the rea=
l=20
reason.  Coal purchases during year 2000 have been concluded with most majo=
r=20
producers in Indonesia and Australia.  We will soon be loading our first=20
shipment from China. Deliveries to Nippon Steel in Japan are underway. Also=
,=20
a shipment to a large power utility in Japan will take place in early 2001.

Off-shore wind plans
Enron has entered into agreement to purchase the development assets of a 30=
=20
MW offshore wind project in the UK.  The Harwich project, situated in=20
Gunfleet Sands approximately eight kilometres offshore in the North Thames=
=20
Estuary is believed to represent one of the first serious investments in th=
e=20
development of offshore wind energy in the UK.


ENRONONLINE STATISTICS

Below are the latest figures for EnronOnline as of November 27, 2000.

* Total Life to Date Transactions> 464,000
* Life to Date Notional Value of Transactions > $263 billion


NUGGETS & NOTES

"How does your earnings target look for the quarter?" =01) Brent Price,=20
VP/Operations & Chief Accounting Officer for EGM

"Always price the illiquidity risk premium appropriately!" =01) Doug Friedm=
an,=20
Director of Financial Petrochemicals and Plastics

What people say to Julie Gomez,VP/Upstream Services-ENA - "I heard your lau=
gh=20
clear across the floor!!!"


IN THE NEWS

"The uncertainty [of the presidential election] does not influence business=
.=20
It is a relatively short-term distraction. Our business model has not chang=
ed=20
and will not change as a result of the election because we've worked very=
=20
well with both the Clinton/Gore administration in Washington and the Bush=
=20
administration in Texas."
-- Mark Palmer, vice president of Enron Corporate Communications, Associate=
d=20
Press

"The name of Enron may be unfamiliar in Japan, but it should not stay that=
=20
way for long.........Joseph Hirl, president of Enron Japan, says: "We don't=
=20
go in and try to destroy markets - we go in and create them."  Some of the=
=20
company's potential customers and business partners may still need to be=20
persuaded of that, but Enron has a large stock of experience to reassure=20
them".---Financial Times

WELCOME
New Hires ENA/EIM/EGM
ENA =01) Lydia Atwood-Minter, Kenneth Thibodeaux, Lacye Trevino-Brymer
EGM =01)Humaira Badat, Daiquiri Lucas

Transfers to ENA/EIM/EGM
ENA =01) Trinh Abrell, Terri Austin, Guillermo Balmaceda, Eric Booth, Rober=
t=20
Chmielewski, Joyce Dorsey, Sharon Gonzales, Laura Gutierrez, Scott Healy,=
=20
Dawn Kenne, Robert Kraszewski, Sandra Morris, David Porter, Daniel Quezada,=
=20
Henry Quigley, Steven Rose, Felecia Russell, Mary Symes, Dan Williams,=20
Rosalinda Zermeno
EGM =01) Braedi Craig, Scott Baukney, Samantha Davidson, David Loosley, Joh=
n=20
Massey, Diana Monaghan, Adam Siegel, Ioannis Tzamouranis=20


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