URGENT

    WASHINGTON (AP)   Federal regulators voted Monday to order price
restraints on electricity sales across the West but not the
stringent cost-based controls sought by California.
    The 5-0 vote by the Federal Energy Regulatory Commission
followed intense pressure not only from California Gov. Gray Davis
and Democrats newly in charge of the Senate but also from House
Republicans worried that spiraling power prices in the West could
affect the 2002 election.
    FERC Chairman Curtis Hebert said the order, effective through
September 2002, will benefit consumers but also will ``provide
every incentive for suppliers to reduce costs.''
    The order expands price restrictions the agency imposed in April
on wholesale electricity sales in California during peak demand
periods when blackouts were threatened.

Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854