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Date: Thu, 11 Jan 2001 13:10:00 -0800 (PST)
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To: all_ena_egm_eim@enron.com
Subject: EnTouch Newsletter
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BUSINESS HIGHLIGHTS

Weather Trading
The weather desk closed a 3-year precipitation collar with payouts linked t=
o=20
natural gas prices.  The transaction hedges included Asian options from the=
=20
gas market, precipitation floors from the weather market, and precipitation=
=20
insurance from the insurance market.  Eight companies were involved in the=
=20
transaction including the following Enron companies: EGM, ENA, Enron Re, an=
d=20
RMT.  Along with the hedges, the end result of the transaction is cheap=20
3-year precipitation call options and precipitation dependent natural gas=
=20
call options for the weather desk.

Houston Pipe Line Company
On Thursday, January 11, American Electric Power (NYSE: AEP) announced that=
=20
they have executed a definitive agreement under which AEP Energy Services G=
as=20
Holding Co., a wholly owned subsidiary of AEP, will acquire the stock of=20
Houston Pipe Line Co. from Enron Corp.  Included in this agreement are all =
of=20
the pipeline assets of HPL, as well as a 30-year operating lease for the=20
Bammel Storage Facility, the Houston Loop and the Texas City Loop.  =20

IN THE NEWS
"Enron is, in other words, the biggest, baddest B2B e-commerce company on t=
he=20
planet, and its experience belies the idea that innovation is impossible in=
=20
large organizations." -- eCompany Now, January/February 2001.

BROWN BAG

Mark your lunch calendars now for the upcoming Brown Bag featuring Gary=20
Taylor, manager in weather trading.  He will present an overview of the=20
weather risk management market.  It=01,s next Thursday, January 18,=20
11:30am-12:30pm, in 5C2. RSVP today to ext. 5-7352.


NUGGETS & NOTES

"What am I missing?!"  - Mike Bradley, Vice President/Equity Trading-EGM

"Do something!" - David Vitrella, Manager/Equity Trading-EGM

"We may not do the most EnronOnline trades, but we do the largest" - Larry=
=20
Gagliardi, Director/Oil Products-EGM

=01&We have completed an efficient and successful transition from Energy=20
Outsourcing to Steel.  Of course, as my dad used to say, =01+talk's cheap, =
takes=20
money to buy whiskey.=01, In 2001, we'll let our P&L performance do the bul=
k of=20
the talking.=018 - Tim Battaglia, Vice President/Steel Origination - EIM

Congratulations to William Stuart, manager in currency trading and Charla=
=20
Stuart, manager in community relations.  They are the proud parents of Aaro=
n=20
Myles Stuart, who was born January 9 and weighed 7.11 lbs.

Sean Keenan, associate in EIM, and wife, Katherine, are the proud parents o=
f=20
William Patrick, who was born January 1 and weighed 6.4 lbs.

Carlos Ruiz, associate in EIM, and wife, Maria, are excited to announce the=
=20
arrival of their new baby boy.  Cristobal Ruiz was born on January 8 and=20
weighed 7 lbs.


WELCOME

New Hires
ENA - Thomas Barkley, Rakesh Bharati, Delmar Davis, Andrew Edison, Brendan=
=20
Fitzsimmons, Patricia Goode, Michelle Huber, Ken Lewchuk, Wykena Lipscomb,=
=20
Albert Meyers, Stacie Mouton, Victor Munoz, Wichai Narongwanich, Christophe=
r=20
Ordway, Brent Johnston, Michael Law, Michelle Wells, Peter Piorecki,=20
EIM =01) Jill Lafave


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.