As you may be aware, Enron Corp. is a member of the Official Unsecured 
Creditors' Committee appointed in the Pacific Gas and Electric Company 
bankruptcy case. Michael Tribolet with the Risk Assessment and Control Group 
is Enron's designated representative on the committee and he is being 
assisted by Lisa Mellencamp in the Enron North America Corp. legal group. 
Please be advised that they will be restricted from disclosing certain of the 
information that they receive.

Attached are Ethical Wall Procedures regarding confidential information that 
Enron may receive as a member of the committee. It is important that you read 
the procedures promptly, print the Employee Certification attached and sign 
and return the Employee Certification to the Compliance Department as 
directed.