CONGRATULATIONS!!!
PAT JOHNSON is the winner for +The Name This Newsletter Contest,.  It was a 
close call. After receiving over 50 great ideas, the PR Dept had a tough time 
narrowing the list to the top ten for Mark Frevert,s final decision.  We,d 
like to thank everyone who submitted suggestions and a special thanks to Pat 
Johnson for sending in the winning name EnTouch. 


BUSINESS HIGHLIGHTS

EGM Coal & Emissions
The November and December NYMEX market remains very tight.  Offers in the OTC 
market have climbed to the low $40s.  The highest reported trade for December 
was reported at $38.50.   The tightness should continue through the first 
half of the year  with the Martin County mine still shut down.  The rest of 
the year remains strong piggy backing off of the current spot market. 

Finally--Life beyond the 150 to 155 range--vintage year 2000 SO2 allowances 
broke out of this trading range this week.  The low trade was around $119.50 
and the last trade was around $120.50.  The sharp drop in prices was caused 
in large part by the news of Dominion Virginia Power settling the New Source 
Review lawsuit brought against it by the state of NY and the EPA Continuing 
rumors of further NSR related settlements will likely create continued 
volatility.  It is as yet unclear what the new price floor will be.

NOx has settled down a bit with last trade 2001 vintage of $675.

Principal Investments
Solo Energy Corporation, an Alameda, California based developer of Wireless 
Energy microturbine products to supply superior on-site energy service to 
U.S. commercial and light industrial customers, announced that Enron North 
America has completed an equity investment in Solo Energy as well as entered 
into an alliance agreement.

In exchange for warrants to purchase the Company,s preferred stock, Enron 
will assist in obtaining fuel contracts to support the Company,s distributed 
generation contracts, including the provision of gas and backup electricity, 
and will work with the Company to support its market and gas technology 
research. 

NEWS FROM THE GLOBALFLASH

EnronCredit.com
On Halloween, Enron Credit.com hit the City of London last Tuesday. As an 
original PR stunt, the EnronCredit.com team organized a Grim Reaper with two 
female vampires to distribute candy carrying the message, "Corporate 
bankruptcies are on the increase and could be your worst nightmare. You can 
protect your company and sleep well at night". Locations for the distribution 
of 5,000 packs of candy were Bank, Broadgate and Canary Wharf. The general 
feedback and reaction of people was positive. Photos of the event will be 
available on the EnronCredit.com site.

Enron Japan Corp.
Enron is powering ahead in Japan following the official launch of Enron Japan 
Corp. in Tokyo last week.  In keeping with Japanese tradition, Ken Lay, Joe 
Hirl, Ken Rice and Mike McConnell donned "happi coats" - a sort of short 
kimono - and used ceremonial hammers to break the lid of a wooden cask of 
sake in front of an audience of 350 drawn from major companies and 
government.  Enron has made an immediate impact already by offering eligible 
consumers 3-5 year contracts with immediate savings of up to 10 percent in 
the first year.   View the Japan website at www.enron.co.jp  [No worries, 
it's in Japanese and English ...Ed]

There are 35 Enron employees in the Tokyo office including an Enron Metals 
team.  EBS will be staffing up there over the coming months.  


Nordic energy agreement with UPM-Kymmene
Enron Nordic Energy and UPM-Kymmene Corp. have signed a two-year portfolio 
management agreement covering UPM Kymmene's Nordic power portfolio. The 
Mid-Market desk in the Oslo office will assist UPM in optimising its 
portfolio of approximately 14 TWh. energydesk.com will provide UPM with the 
risk management system used in the process. In addition, the agreement opens 
the door for Enron Energy Services to explore a variety of opportunities 
within the company. The Nordic agreement is the first step towards a broader 
scope of co-operation with UPM on a European and Global basis. The total 
contract value is estimated to be $375 million.

UPM-Kymmene's nominal electricity resources total about 3000 MW, of which 
2500 MW in Finland and about 500 MW in other countries. The group's power 
procurement totals approximately 18 TWh per year, of which about 14 TWh in 
Finland. Around 15 TWh/a is consumed by the group's own mills and the rest is 
sold to the market.

http://www.upm-kymmene.com
http://www.upm-kymmene.com/upm/energy/energybuild.html

The deal was led by Sami Tenngren - Nordic Mid-Market, and was supported by 
Magnus Groth - EES, Jukka Hormaluoma - energydesk.com, and Martin Rosell - 
Legal.

Congratulations on a job well done to all those who worked so hard to put 
this transaction into place........Thor Lien.

Australia
Despite heavy flooding in NSW, the weather is looking up for Enron 
Australia.  Last week, the Sydney Office launched online Hong Kong weather 
derivatives  and the Sydney weather node traded on EnronOnline in the US time 
zone.  With this precedent, we hope to support the takeoff of global weather 
on EnronOnline.  

The Coal Group in Sydney has suddenly become very popular. There is no doubt 
that a recent sale to AES for the plant at Barbers Point, Hawaii is the real 
reason.  Coal purchases during year 2000 have been concluded with most major 
producers in Indonesia and Australia.  We will soon be loading our first 
shipment from China. Deliveries to Nippon Steel in Japan are underway. Also, 
a shipment to a large power utility in Japan will take place in early 2001.

Off-shore wind plans
Enron has entered into agreement to purchase the development assets of a 30 
MW offshore wind project in the UK.  The Harwich project, situated in 
Gunfleet Sands approximately eight kilometres offshore in the North Thames 
Estuary is believed to represent one of the first serious investments in the 
development of offshore wind energy in the UK.


ENRONONLINE STATISTICS

Below are the latest figures for EnronOnline as of November 27, 2000.

* Total Life to Date Transactions> 464,000
* Life to Date Notional Value of Transactions > $263 billion


NUGGETS & NOTES

"How does your earnings target look for the quarter?" ) Brent Price, 
VP/Operations & Chief Accounting Officer for EGM

"Always price the illiquidity risk premium appropriately!" ) Doug Friedman, 
Director of Financial Petrochemicals and Plastics

What people say to Julie Gomez,VP/Upstream Services-ENA - "I heard your laugh 
clear across the floor!!!"


IN THE NEWS

"The uncertainty [of the presidential election] does not influence business. 
It is a relatively short-term distraction. Our business model has not changed 
and will not change as a result of the election because we've worked very 
well with both the Clinton/Gore administration in Washington and the Bush 
administration in Texas."
-- Mark Palmer, vice president of Enron Corporate Communications, Associated 
Press

"The name of Enron may be unfamiliar in Japan, but it should not stay that 
way for long.........Joseph Hirl, president of Enron Japan, says: "We don't 
go in and try to destroy markets - we go in and create them."  Some of the 
company's potential customers and business partners may still need to be 
persuaded of that, but Enron has a large stock of experience to reassure 
them".---Financial Times

WELCOME
New Hires ENA/EIM/EGM
ENA ) Lydia Atwood-Minter, Kenneth Thibodeaux, Lacye Trevino-Brymer
EGM )Humaira Badat, Daiquiri Lucas

Transfers to ENA/EIM/EGM
ENA ) Trinh Abrell, Terri Austin, Guillermo Balmaceda, Eric Booth, Robert 
Chmielewski, Joyce Dorsey, Sharon Gonzales, Laura Gutierrez, Scott Healy, 
Dawn Kenne, Robert Kraszewski, Sandra Morris, David Porter, Daniel Quezada, 
Henry Quigley, Steven Rose, Felecia Russell, Mary Symes, Dan Williams, 
Rosalinda Zermeno
EGM ) Braedi Craig, Scott Baukney, Samantha Davidson, David Loosley, John 
Massey, Diana Monaghan, Adam Siegel, Ioannis Tzamouranis 


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