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Business Update

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Enron Gas Pipeline Group

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Enron Gas Pipeline Group
Mission Statement

  GPG's mission is to be the leading energy
transportation service company in North America
offering innovative, efficient, safe and
reliable services for our customers.




  ~ i r i t 1 1

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ENRON GAS PIPELINE GROUP

Return on Invested Capital

• Base return on invested capital is 18%

• Implied return on invested capital could range from
24% to 50%


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ENRON GAS PIPELINE GROUP

IBIT

($ In Millions)

756

0 100% Earnings Enron's Share of Earnings

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  1999 2000 E


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Enron Gas Pipeline Group

Summary

Revenue Growth

• Development Projects: $1 billion of expansion projects being
developed.

• New Services: New products and services being offered.

• Regulatory Certainty: NBPL Rate case settlement pending
  NO NEW RATE CASES UNTILYEAR-END 2003.

• New E-Commerce and E-Business Initiatives.

Flat to Declining 0 & M

• Ongoing cost reduction initiatives have resulted in flat to declining
0 & M costs from 1993 base level.

Environmental, Health & Safety
• No significant issues.

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Enron Gas Pipeline Group

Presenters

• Bill Cordes, President - Northern Natural Gas & Transwestern

• Rock Meyer, President - Florida Gas Transmission

• Bob Hill, Vice President Marketing - Northern Border Partners

• Jim Prentice, President - Clean Fuels



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