We are pleased to announce the appointment of Carey Sloan as CEO of EnCom and 
Chairman and CEO of E-Power with immediate effect, reporting to the Office of 
the Chairman, Enron Europe.   He takes over this post from Bruce Wrobel who 
left the company last month to pursue other interests.

E Power is a wholly owned subsidiary of EnCom Corporation, which in turn is 
jointly owned by Enron Corp., Japan,s Orix Corp and Yazaki.  E Power was 
created in 1999 to develop independent power plants in Japan.

Carey Sloan joined Enron in 1996, becoming head of business development in 
Japan and Korea before he joined EnCom/E-Power.
 
In his new role, Carey will continue to develop greenfield and brownfield 
power generation opportunities in Japan and will work closely with Enron 
Japan to maximise the synergies between the two organisations.  Enron Japan 
was officially opened in October 2000 and focuses on multi-commodity merchant 
business opportunities.

Tatsuro Seguchi will continue in his role of COO of E Power.

Please join us in congratulating Carey on his new appointment.