Attached is the Management Report for Feb. 25, 2000



External Trading   
  
 Total  25-Feb-00  To Date 
  
 Number of Transactions   955   35,241 
 Gross Notional Value $   410,062,564   11,350,579,802 
  
 Revenue from Physical flows to date ($)    361,702,829 
  
 Number of New Counterparties transacting today    3 
 Number of Counterparties having transacted to date    229 
  
 N.A. Gas   
  
 Number of Transactions   779   29,150 
 Volume of Transactions (mmbtu's)   181,251,076   5,804,982,603 
 Gross Notional Value $   300,414,377   9,137,162,534 
  
 UK Gas   
  
 Number of Transactions   46   1,888 
 Volume of Transactions (mmbtu's)   7,272,500   238,124,000 
 Gross Notional Value $   15,227,333   477,315,343 
  
 Belgium Gas   
  
 Number of Transactions   3   78 
 Volume of Transactions (mmbtu's)   917,500   16,472,500 
 Gross Notional Value $   1,964,081   32,429,528 
  
 U.S. Power   
  
 Number of Transactions   65   2,977 
 Volume of Transactions (MWh's)   548,361   23,494,816 
 Gross Notional Value $   20,372,996   829,853,690 
  
 UK Power   
  
 Number of Transactions   19   167 
 Volume of Transactions (MWh's)   1,450,560   7,966,153 
 Gross Notional Value $   53,640,348   308,151,500 
  
 Swiss Power   
  
 Number of Transactions   4   28 
 Volume of Transactions (MWh's)   6,785   47,051 
 Gross Notional Value $   152,657   1,049,929 
  
 German Power   
  
 Number of Transactions   10   177 
 Volume of Transactions (MWh's)   91,717   1,445,019 
 Gross Notional Value $   1,744,145   27,356,113 
  
 Spanish Power   
  
 Number of Transactions   -     6 
 Volume of Transactions (MWh's)   -     17,713,650 
 Gross Notional Value $   -     631,836 
  
 Norwegian Power   
  
 Number of Transactions   6   97 
 Volume of Transactions (MWh's)   84,960   1,739,904 
 Gross Notional Value $   1,207,251   25,529,578 
  
 Crude & Products   
  
 Number of Transactions   4   237 
 Volume of Transactions (BBl's)   552,486   26,320,184 
 Gross Notional Value $   4,102,280   356,995,280 
  
 Petchems   
  
 Number of Transactions   2   36 
 Volume of Transactions    16,000   312,000 
 Gross Notional Value $   6,600,000   40,112,900 
  
 LPG   
  
 Number of Transactions   4   165 
 Volume of Transactions (BBl's)   32,000   1,888,000 
 Gross Notional Value $   1,116,500   64,682,500 
  
 U.S. Coal   
  
 Number of Transactions   8   82 
 Volume of Transactions (st)   78   2,033,406 
 Gross Notional Value $   3,091,500   28,766,183 
  
 U.S. Pulp & Paper   
  
 Number of Transactions   -     4 
 Volume of Transactions (st)   -     2,550 
 Gross Notional Value $   -     1,500,750 
  
 Plastics   
  
 Number of Transactions   1   1 
 Volume of Transactions   1,500,000   1,500,000 
 Gross Notional Value $   427,500   427,500 
  
 Emmissions   
  
 Number of Transactions   -     58 
 Volume of Transactions   -     145,000 
 Gross Notional Value $   -     18,982,650 
  
 U.S. Weather   
  
 Number of Transactions   2   91 
 Volume of Transactions    2   96 
 Gross Notional Value $   980   59,490 
  
 UK Weather   
  
 Number of Transactions   2   13 
 Volume of Transactions    2   13 
 Gross Notional Value $   617   3,678 
  
  
 Number of Users Logging onto EnronOnline:   
 External Users with Execution rights    808 
 External Users with No Execution Rights    76 
  
 Internal Trading   
 25-Feb-00  To Date 
 Gas   
  
 Number of Transactions   88   2,413 
 Volume of Transactions (mmbtu's)   39,862,109   976,457,891 
 Gross Notional Value $   78,055,718   1,675,207,569 
  
 Power   
  
 Number of Transactions   9   67 
 Volume of Transactions (MWh's)   150,574   902,846 
 Gross Notional Value $   3,756,832   26,914,399 
  
 Coal   
  
 Number of Transactions   -     -   
 Volume of Transactions (st)   -     -   
 Gross Notional Value $   -     -   
  
 Emmissions   
  
 Number of Transactions   -     -   
 Volume of Transactions (st)   -     -   
 Gross Notional Value $   -     -   
  
 Total   
  
 Number of Transactions   97   2,480 
 Gross Notional Value $   81,812,550   1,702,121,967 





Regards


Louise