" Henwood's Rationalizing Midwest Power Markets for the Future" ,
 HENWOOD ANNOUNCES A MAJOR NEW RELEASE AND FUNCTIONAL REALIGNMENT OF ITS
TRADING SOLUTIONS SOFTWARE

Henwood Energy Services, Inc. (Henwood) recently announced a major new=20
release of its trading and
scheduling software, and the overall realignment of its energy trading and=
=20
risk management functions into a
new, strategic lineup of products. Henwood=01,s established ETRM and=20
WebScheduler EnerPrise Software
products have been re-launched into physical trading (WebScheduler), trade=
=20
capture and settlements
(TradeManager), and risk management functions (RiskReporter), with greatly=
=20
expanded capabilities to
more strategically meet the needs of the rapidly changing energy markets=20
throughout North America. The
release of the new WebScheduler (Version 5.0), combines a new Henwood=20
Scheduling Version with
Henwood=01,s NERC tagging and ISO communication functions to create a=20
comprehensive physical
management system.

"The release of the Version 5 Webscheduler marks an exciting day, both for=
=20
Henwood and for energy
companies responsible for managing financial and physical energy transactio=
ns=20
across North America,"
explained Derek Porter, Vice President - Software Products. "Our new produc=
t=20
version release and overall
product realignment clearly shows Henwood=01,s dedication to meet the tradi=
ng=20
needs of today and anticipate
the challenges of tomorrow."

The new WebScheduler is a comprehensive physical management product that=20
allows energy organizations
to manage physical trading issues from creation through delivery. The=20
software enables traders, schedulers
and other energy professionals to conduct their business of physical=20
scheduling, ISO coordination, and
settlement in one seamless operation. Some of the new features include:
- Real-time price and volume change log
- Standard ramp assignments
- Dynamic view and form configuration for commodity volume management
- Enhancements to scheduling view management
- New commodity volume management system
- Show prices
- On-peak/off-peak definition
- Running totals
- Enhanced back-to-back/bookout function
- Enhanced sub-hour function
- Schedule summary page with copy function
- QuickTrade capability
- Grid copy/paste and export functions

Henwood is offering training courses for the rollout of the physical tradin=
g=20
application, scheduled
throughout May in both Sacramento and Atlanta. Dates are currently schedule=
d=20
for May 2-3, 2001 in
Atlanta, and May 23-24, 2001 in Sacramento. Space is limited, so please sig=
n=20
up early.

Henwood offers integrated business solutions, strategic consulting, and=20
innovative
eBusiness applications to meet the challenges of the restructured energy=20
markets throughout North
America, AustralAsia, and Europe, serving clients that include eight of the=
=20
ten top utilities in North
America, in addition to energy services providers and power marketers. For=
=20
more information about
Henwood=01,s Trading and Risk Management applications, please contact Derek=
=20
Porter at 916-569-0985
(email: dporter@hesinet.com). Additional information about Henwood can be=
=20
obtained by visiting
www.hesinet.com.
vkamins@ect.enron.com