Gentlemen,

Please note that part of Eric Shaw's responsibility is LNG asset development. One of my 2002 objectives is to develop an European LNG terminal. It would appear we need to reach an understanding with EEL on where EGM responsibilities stop. Lets discuss.

Clay

 -----Original Message-----
From: 	Enron Europe General Announcement/ECT@ECT [mailto:IMCEANOTES-Enron+20Europe+20General+20Announcement_ECT+40ECT@ENRON.com]  On Behalf Of Enron Europe Office of the Chairman
Sent:	16 October 2001 15:42
To:	ECT Europe@ENRON
Subject:	Organization Announcement



We are pleased to announce the following changes to our Continental European Commercial team.  Three
primary groups will be headed by Eric Shaw, Paul Mead and Gregor Baumerich all of whom will report to
the Enron Europe Office of the Chairman.

Eric Shaw's team called "Continental Origination" will include:
1.  Continental Gas trading and origination including the Frankfurt employees that
     work on gas.  For this segment, Eric's reporting line will be to Richard Lewis.
2.  All gas fired generation development on the continent or any other non-renewable energy
     asset (i.e LNG).
3.  Origination in Central and Eastern Europe.
4.  A small team to work on large structured transactions Europe-wide.
5.  Principal management of offices in Central and Eastern Europe.

Paul Mead's team called "Regional Power" will include:
1.  Power trading and origination in Netherlands, Belgium, Spain and Italy.
2.  Power trading in Poland.
3.  Renewables trading everywhere outside of the UK.
4.  Principal management of the offices in the Netherlands, Italy and Spain.

Gregor Baumerich's team called "Continental Power" will include:
1.  Power trading and origination in Germany, Switzerland, Austria, France and Slovenia.
2.  Cross-border sales into Italy (in cooperation with Paul's team)
3.  Power trading in Central and Eastern Europe.
4.  Principal management of the offices in Germany and Switzerland.

Andreas Radmacher remains the country manager for Germany and will report jointly to Eric and Gregor.

Eric, Paul and Gregor will be distributing details of their organizations in the near future so that
we all fully understand responsibilities in their areas.

John and Michael