BUSINESS HIGHLIGHTS

Enron Mexico
Jaime Williams will head up the Monterrey office with responsibility for Risk Management and Trading.  Steve Irvin will take over responsibility for all origination activities in Mexico and will be based in Houston.  Both Jaime and Steve will report directly to the Office of the Chair, Enron Americas.

Weather
The weather desk is rapidly expanding.  With a presence in Houston, London, Sydney, and Tokyo (and possibly in New York), the desk has expanded from about 15 people in January to a current count of over 40 globally.  Mark Tawney recently went to Tokyo to explore joint marketing efforts with significant Japanese corporations and to meet with the newest additions to the Tokyo weather team.  Paul Murray (reporting to Mark) is leading the European effort out of London and has already increased the staffing there from 1 to 5.  If you're in the London office, please take him out to a pub or two - apparently he's had trouble finding them on his own.  If you have interest in joining an exciting new industry, please feel free to call Dave Hill at x34218. 


IN THE NEWS

Goldman Sachs Analysts, David Fleischer, David Maccarrone and Eric Mandelblatt on Enron in their latest analyst comment, "A LOT Better Than it Feels; Prospects Never Better:  Raising Estimates":

"Our confidence in the direction of ENE's strategy and our conviction in the continuing strong execution of its business plan continue to be extremely high. "  

"... investors have cast doubt about both the company's strategy and management's execution of its wide ranging and ambitious business plans. We have no such doubt."

"We absolutely believe that Enron's very broad capabilities are transferable to a wide variety of products and commodities and also see it as critical to emphasize that the company's wholesale operation is much more than the trading business may view it as being. . ."


WELCOME
New Hires
EGM  - Richard Friedman, Vivek Kumar, Alex McElreath, Fred Radvansky, Jonathan Sarley, Pat Twohy 
EIM   - Tim Reed, Sonia Trevino, Greg Worsham
ENA  - Alisha Mahabir, Jennifer Smith, Nancy Turner


NUGGETS & NOTES

Travel tip of the week:
Car rental contracts for year 2001 have been awarded to National Car Rental and Alamo Rent-a-Car.  Please communicate the contract identification number at the time the reservation is made.
	Alamo		  143974
	National		5000838

Insurance is included in Enron's negotiated rates; if asked please decline the Optional Liability Insurance and Collision Damage Waver offered by the gate agent.  Coverage applies only if the appropriate contract identification number has been communicated.  Negotiated discounts represent 20% off customary rates.

Congratulations to Derrick and Paula Harris, manager in Business Analysis and Reporting, on the birth of daughter, Jazmine Kay on June 14, 2001.

Congratulations to Shannon and Greg Whiting, director in BA&R, on the birth of their daughter, Irene Elizabeth, on Friday, June 22, 2001.


EnronOnline Statistics

Below are the latest figures for EnronOnline as of June 29, 2001

	*Total Life to Date Transactions > 1,150,000
	*Life to Date Notional Value of Transactions > $684 billion


NEWS FROM THE GLOBAL FLASH

EES Europe Lands First Outsourcing Deal
Congratulations to EES Europe who recently clinched their first outsourcing transaction with supermarket giant, Sainsbury's.  The deal means EES will provide gas and electricity to all 493 Sainsbury's properties in the UK including stores, offices and depots. EES will also manage a program of energy reduction measures designed to improve energy efficiency at Sainsbury's facilities.

Stuart Rexrode, Vice President of EES Europe, said: "This was a sensational team effort - a fantastic achievement for EES Europe and a truly groundbreaking transaction in the marketplace.  The whole group should all be extremely proud and I am confident that this is the start of many more outsourcing deals to come."

EBS Europe
EBS Europe has just completed its 100th transaction. The transaction involves a 12-month contract for an STM-4 circuit from London to Madrid. This capacity is equivalent to approximately 830 DSL lines or Internet connections into the home.  Commenting on the achievement, Matthew Scrimshaw, President of EBS Europe said, "This is just one of the many milestones that EBS will achieve, as we continue to create a market for bandwidth trading and origination."

Pioneering International Coal Agreements Signed
Enron has signed a five-year agreement with Spanish utility HidroElectrica del Cantabrico for the import of at least 600,000 tonnes of steam coal per annum in Enron's first long-term coal import deal into Spain.  The agreement gives Enron full optionality with regard to sourcing, timing and quantity of coal supply, which will be delivered via the port of Gijon in northern Spain and transported by rail and truck to a number of coal-fired power stations, predominantly in the north of the country.  Gijon itself could become a trading hub for Spain's rapidly expanding coal market. "Spain is experiencing strong demand growth for electricity generation and with an annual production of only 17 million tonnes of expensive, low-quality coal at its disposal, the country has a need for new, flexible sources of supply - so there's lots of opportunity for us to extend the scope of our agreement," says Sam Grossman, Enron's coal group director who led the team which included Katrina Bensadon and Janet Wood with support from the coal and freight teams.

In a separate agreement Enron's first foray into the US coal import market is delivering a cargo of Colombian coal to Dynergy via the Mississippi and two further cargoes of 45,000-60,000 tonnes to northeastern US utilities via Charleston, south Carolina.  With coal supplying the fuel for more than half of the USA's power generation and the domestic coal market showing high prices - the Nymex coal price has doubled over the past year - this is an excellent time for Enron to help meet customer demand.  "This is a classic Enron deal exploiting optionality," says Sam Grossman.  "We were able to redirect one of our coal cargoes bound for Europe and find an alternative source to fulfill the European order."  The import agreement is expected to encourage other counterparties into the US coal import market.  Congratulations to Sam, Peter Bradley, Lenny Hochschild and the Enron freight desk.


LEGAL STUFF
The information contained in this newsletter is confidential and proprietary to Enron Corp. and its subsidiaries.  It is intended for internal use only and should not be disclosed.

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