Did you get a copy of this?  It looks as if in September that our 
intercompany balances were relatively low (EES and ENA), with an increase in 
October with Enron Europe.  Do you have details behind this?  Are EES 
balances gas only, or gas and power?  How do we have imbalances with 
ourselves?  What kind of reporting do you get from financial ops on a regular 
basis that gives you the details behind this?  I am assuming that these 
imbalances are created from commodity transactions, so that we would really 
be closer to the details than would financial ops.  Is that a good 
assumption?  --Sally 
---------------------- Forwarded by Sally Beck/HOU/ECT on 12/27/99 02:20 PM 
---------------------------
   
	Enron North America Corp.
	
	From:  Shelley Pierson @ ENRON                           12/07/99 02:56 PM
	

To: Wanda Curry/HOU/ECT@ECT, Sally Beck/HOU/ECT@ECT, Thomas 
Myers/HOU/ECT@ECT, Michael S Galvan/HOU/ECT@ECT, Fernley Dyson/LON/ECT@ECT, 
Beth Apollo/LON/ECT@ECT, Moira Brown/LON/ECT@ECT, David Mally/LON/ECT@ECT, 
Tod A Lindholm/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Carolyn 
Barrett/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kent 
Castleman/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Carol 
Howes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jeffrey E 
Sommers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cassandra 
Schultz/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Wanda 
LaBaume/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rod Hayslett/FGT/Enron@ENRON, 
Tracy Geaccone/GPGFIN/Enron@ENRON, Kerry Roper/GPGFIN/Enron@ENRON, James 
Saunders/FGT/Enron@ENRON, Bob Chandler/ET&S/Enron@ENRON, John 
Cobb/FGT/Enron@ENRON, Jennifer Lev/FGT/Enron@ENRON, Lori 
Maddox/Houston/Eott@Eott, John Berry/Houston/Eott@Eott, Keith 
Marlow/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Paula J 
Parrish/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mary Turina@ENRON, Kirk 
Stevens@ENRON, Raul Madarang@ENRON, Steve Elliott/Enron Communications@Enron 
Communications, Todd Henne/Enron Communications@Enron Communications, John B 
Echols/HOU/EES@EES, Thea Marino/HOU/EES@EES, Lou Casari/HOU/EES@EES, Patrick 
Haye/HOU/EES@EES, Kem Miller/Corp/Enron@Enron, Jill Erwin/HOU/ECT@ECT, Howard 
Selzer/Corp/Enron@Enron, Jim Davoli/Corp/Enron@Enron, Elaine 
Schield/Corp/Enron@Enron, Christopher Herbold/AA/Corp/Enron@Enron, Cecilia 
Winters-Morris/AA/Corp/Enron@Enron
cc: Karen Choyce/Corp/Enron@Enron 
Subject: 

Please find attached the intercompany imbalance analysis for Enron Corp. and 
its subsidiaries for the accounting month of October 1999.

Please note that intercompany imbalances are extremely significant this 
month. This is due primarily to various issues surrounding the London group's 
first close on its new general ledger system.  The majority of these 
imbalances are expected to be resolved with November close and the remaining 
imbalances should be cleared by year-end.  Because of the abnormal spike in 
all trends due to these issues, we have elected to keep the graphs in the 
same scale as previous months rather than scale to fit this month,s numbers. 
This continues to allow for legibility of the other months, and other 
business units, trends.

Please call me at extension 37659 if you have any questions.

Shelley Pierson