In the event that your vision is clearing, here is another stick in the eye.

John

 -----Original Message-----
From: 	Gary Hagerty <GaryH@encoreenergy.com>@ENRON  
Sent:	Tuesday, October 30, 2001 9:06 AM
To:	Zufferli, John
Subject:	WATT-EX ANNOUNCES EQUITY FINANCING AND MARKET-MAKER AGREEMENT

October 26th, 2001

WATT-EX ANNOUNCES EQUITY FINANCING AND MARKET-MAKER AGREEMENT

Dynegy to Enhance Liquidity in Canadian Electricity Market

Calgary, Alberta, Canada (Oct. 26, 2001) - Alberta Watt Exchange (Watt-Ex)
today announced significant advancement in its long-term business plan with
the execution of two definitive agreements. ENTx Capital Corporation and RAW
Energy Ltd. have agreed to purchase treasury shares in OXEN Inc., the parent
company of Watt-Ex. The new capital will be used to broaden the range of
services offered by Watt-Ex and for general corporate purposes.

Watt-Ex also announced that Dynegy Canada Inc., a wholly owned subsidiary of
Dynegy Inc. (NYSE: DYN), has agreed to provide market-maker services. Under
the terms of the agreement, Dynegy Canada will maintain bid and offer prices
in Alberta electricity forward contracts traded on the online Watt-Ex
system.

Dynegy Canada's market-maker service will serve as a platform for enhancing
liquidity in the Alberta electricity market. The increased liquidity will be
available to suppliers and users to manage price risk, reduce financial
uncertainty and bring greater economic performance into the Alberta
electricity market.

Watt-Ex is an independently owned and operated online trading system for
electrical energy in the Alberta market. It allows market participants to
buy and sell contracts for firm forward commitments in the real time or spot
electricity market, as well as providing for the trade of ancillary
services.

ENTx Capital Corporation is a private equity investor, specializing in
emerging, innovative and financially sound small cap operating companies in
the electric power industry.

RAW Energy Ltd. is a private company, active across most aspects of the
energy industry.

Dynegy Inc. is a leading energy merchant and power generator in North
America, the United Kingdom and Continental Europe. A Fortune 100 company,
Dynegy in 2000 established its communications business, Dynegy Global
Communications, which is engaged in providing network solutions and
connectivity to wholesale customers worldwide.

Dynegy has been an active participant in Canadian energy markets since 1994.
With headquarters in Calgary, Alberta, Canada, Dynegy Canada is one of the
country's largest marketers and traders of natural gas, electricity, crude
oil and natural gas liquids.

For further information please contact:
Alberta Watt Exchange Limited
Suite 200
1055 - 20th Avenue NW
Calgary, Alberta, Canada
T2M 1E7
Phone (403) 210-2144 Sheldon Fulton - President


Certain statement included in this news release are intended as
"forward-looking statements" under the Private Securities Litigation Reform
Act of 1995. These statements include assumptions, expectations, prediction,
intentions or beliefs about future events. Dynegy cautions that actual
future results may vary materially from those expressed or implied in any
forward-looking statements. Some of the key factors that could cause actual
results to vary from those Dynegy expects include changes in commodity
prices for energy or communications products or services, the timing and
extent of deregulation of energy markets in the U.S., Canada and Europe;
general capital market conditions; the effectiveness of Dynegy's risk
management policies and procedures; the liquidity and competitiveness of
wholesale trading markets for energy commodities, including the impact of
electronic or online trading in these markets; operational factors affecting
Dynegy's power generation or Dynegy's midstream natural gas facilities;
uncertainties regarding the development of, and competition within, the
market for broadband services in the U.S. and Europe; and uncertainties
regarding environmental regulations or litigation and other legal or
regulatory developments affecting Dynegy's business. Moreover, statements
regarding expected delivery dates of new liquids carriers are subject to
various construction risks that could cause such delivery to be delayed or
prevented, such as a failure to obtain financing or the failure of
third-party contractors or perform their contractual obligations. More
information about the risks and uncertainties relating to these
forward-looking statements are found in Dynegy's SEC filings, which are
available free of charge on the SEC's web site at http://www.sec.gov.
<http://www.sec.gov>
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