---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/04/2000 
06:12 PM ---------------------------
   
	Enron North America Corp.
	
	From:  Press Release @ ENRON                           02/02/2000 06:19 PM
	

To: All Enron Worldwide
cc:  
Subject: ENRON AND CHASE MANHATTAN BANK SIGN LONG-TERM ENERGY MANAGEMENT 
AGREEMENT

HOUSTON and NEW YORK ) Enron Energy Services, a subsidiary of Enron Corp., 
and The Chase Manhattan Corporation (NYSE:CMB) announced today a ten-year, 
$750 million energy management agreement.  Enron will provide energy 
management services for 860 of Chase,s facilities nationwide, including 
office buildings, retail branches and operations centers.
As part of this agreement, Enron will provide commodity management, including 
analysis and consolidation of approximately 30,000 annual utility invoices 
currently processed through multiple operating groups, as well as overall 
project management for energy infrastructure upgrades, designed to make 
material improvements in the energy efficiency of many Chase facilities.
"Chase has taken a leadership position among financial institutions by 
recognizing the financial and administrative benefits of working with Enron 
to consolidate its energy management processes,8 said Lou Pai, CEO of Enron 
Energy Services.  &Our agreement effectively takes Chase out of the energy 
management business and enables them to focus more time and resources on 
growing their successful financial services business."
&This transaction is another great example of Chase,s discipline and 
initiative in creating significant value for our shareholders,8 said Liz 
Flynn, head of Chase Business Services.  &It again demonstrates the 
effectiveness of Chase Business Services, a shared services organization 
created to improve service and lower costs for all of Chase,s operating 
groups.8
The Chase Manhattan Corporation, with $406 billion in assets, is one of the 
world,s premier financial services institutions, with operations in 48 
countries around the globe.  Chase has a top-tier ranking in all areas of 
investment banking, private banking, trading and global markets activities as 
well as information and transaction processing.  Chase is a leading provider 
of financial solutions to large corporations, financial institutions, 
government entities, middle market firms, small businesses and individuals, 
and has relationships with more than 30 million consumers across the United 
States through products and services such as credit cards, mortgages, online 
banking, debit cards, deposit products and auto loans.  Through its newly 
formed business unit, Chase.com, Chase is successfully creating new business 
models for the Internet economy.  Chase can be reached on the Web at 
www.chase.com.
Enron is one of the world,s leading electricity, natural gas and 
communications companies.  The company, which owns approximately $34 billion 
in energy and communications assets, produces electricity and natural gas, 
develops, constructs and operates energy facilities worldwide, delivers 
physical commodities and financial and risk management services to customers 
around the world, and is developing an intelligent network platform to 
facilitate online business.  Enron,s Internet address is www.enron.com, and 
the stock is traded under the ticker symbol &ENE.8