BUSINESS HIGHLIGHTS

Enron Producer One 
Enron Producer One facilitates one-stop shopping for the producer,s 
infrastructure needs.  Through business relationships with Hanover 
Measurement Services and Applied Terravision Systems, Enron Producer One will 
offer and custom-configure a number of valuable production services and 
pricing plans to reduce overhead and simplify back-office tasks.  Initial 
products offered are well connects, transportation, marketing, measurement 
and accounting services.  Enron Producer One is managed and supervised by 
John Grass.


IN THE NEWS

CEO says Texas in good shape for electricity deregulation
DALLAS (AP) - Enron Corp.'s chief executive and president said Tuesday he 
believes that Texas energy markets are in good shape as the state prepares 
for deregulation. 
Jeffrey Skilling told an audience of about 400 business people at a downtown 
hotel that California "has given the term deregulation a terrible name."  
Electric deregulation in Texas officially starts Jan. 1. "In Texas, I think 
we've got a pretty good system," he said. 
In San Francisco on Tuesday, the California Public Utilities Commission 
unanimously approved electricity rate increases of up to 46 percent to try to 
head off blackouts this summer by keeping the state's two biggest utilities 
from going under.  When California officials set up deregulation they allowed 
the price of wholesale electricity to rise but capped the amount companies 
could charge customers, Skilling said. SoCal Edison and Pacific Gas & 
Electric say they have lost more than $13 billion since last summer because 
they haven't been able to pass on the high cost of wholesale electricity. 
Skilling said Texans are in a much better position and shouldn't worry that 
their state's deregulation would be like the California experience.  
"California, they just put together a crazy system,8 he said in his first 
public comments since becoming the Houston-based company's chief executive 
officer in February. "The markets in California are the most regulated 
markets in North America today. And that's what is causing the problem."    
03/27/2001  Associated Press Newswires   Copyright 2001. 


WELCOME
New Hires
EGM  - Charles Crow, Nancy Johnson, Gregor Lehmiller
EIM   - Darrell Aguilar, LaTrisha Allen, Wesley Wilder, Ronald Barnes
ENA  - Brian Cruver, Craig Dean, Martha Kessler


EnronOnline STATISTICS

Below are the latest figures for EnronOnline as of March 16, 2001.

? Total Life to Date Transactions >  813,000
? Life to Date Notional Value of Transactions > $489 billion


NUGGETS & NOTES

Enron is hosting the New York Energy Risk Management Seminar at the St. Regis 
Hotel in New York City on April 5, 2001.  Topics include Power Outlook, 
Natural Gas Outlook, Hedging Strategies and Weather Risk Management. The RSVP 
deadline is March 30th, so please contact Laura Pena as soon as possible at 
x3-5376.  This is a great event for "new" as well as established customers.  
There will be a cocktail reception immediately following the presentations.


NEWS FROM THE GLOBAL FLASH

Enron Reopens Rassau Power Station Plans
Enron Europe submitted an application to build a 1200MW combined cycle gas 
turbine power station on the Rassau Industrial Estate at Ebbw Vale, Wales in 
July 1998. In November 2000, the Government lifted its stricter power 
consents policy, which placed restrictions on the development of new 
gas-fired power stations, and Enron is now concluding the consultation 
process for the application

As part of the process, updated environmental information has been submitted 
to the Department of Trade and Industry and a team from Enron will be 
presenting the plans to Blaenau Gwent Council on March 26. This will be 
followed by a three-day public exhibition in the local community.

Enron expects to receive a decision later in the year.

European Economic Summit: Acceleration Directives
On March 23 and 24 the European Economic Council Summit will take place in 
Stockholm.  At 
this summit the European Commission will present to the heads of the Member 
States a legislative proposal for a Directive and a Regulation that the 
Commission adopted on March 13 to speed up the completion of the internal 
electricity and gas markets.

Enron issued a statement to the media on the evening of Wednesday 21st March 
stating that it specifically endorses the following initiatives incorporated 
in the text of the adopted proposal:

Legal unbundling of the transmission and distribution networks as a realistic 
solution, ensuring the independence of transmission and distribution system 
operators. 
Mandatory appointment of independent regulators in each country with the 
obligation to fix or approve transmission tariffs before they come into force.
The current timetable proposed by the Commission: market opening for 
electricity in 2003 and for gas in 2004 (industrial, commercial and wholesale 
customers); and for supplies to all consumers including households by 2005.  
The setting of rules in the Regulation for how power transmission tariffs can 
be charged for cross-border transactions and how congestion and capacity 
allocation at borders within the EU should be managed by transmission system 
operators.

Enron concludes that it is encouraged by the efforts of the Commission to 
accelerate the European electricity and gas market opening and the 
reinforcement of third party rights of access to transmission networks. The 
Commission's approach of harmonizing both the timetable and the regulatory 
framework deserves support from all Member States.  


LEGAL STUFF
The information contained in this newsletter is confidential and proprietary 
to Enron Corp. and its subsidiaries.  It is intended for internal use only 
and should not be disclosed.