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Transmission & Distribution

2000 Goals

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2000 Enron Strategic Goals
Enron Transportation Services

Goal: Continue Florida Gas expansion by completing Phase IV
construction, obtaining favorable Preliminary Determination and
Environmental Impact Statement on Phase V and receiving market

support for Phase VI.

Status: Complete

• Obtained FERC certificate on Phase IV, completed construction on
the west leg extension and made initial deliveries to Florida Power
and Light on October 1.

• Received a favorable Preliminary Determination on Phase V.

• The Phase V Environmental Impact Statement will be issued early
spring 2001. Construction will begin on time by the 2nd quarter
2001.

• Strong market support for Phase VI expansion at 150 MMBtu/day.

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2000 Enron Strategic Goals

Enron Transportation Services

Goal: Obtain final FERC certificate for Northern Border's Project 2000
and place in service Transwestern's Gallup Expansion by the 2nd quarter.

Status: Complete

• Obtained FERC certificate for Northern Border's Project 2000 in 1St
quarter 2000.

• Transwestern's Gallup Expansion was placed into service 2nd
quarter 2000. The 140 MMBtu/day expansion is fully subscribed
with 5-year contracts, resulting in $9 million per year of added
revenue.


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2000 Enron Strategic Goals
Enron Transportation Services

Goal: Close accretive acquisitions of $100 million and $150 million
respectively for EOTT and Northern Border.

Status: Change in Business Strategy/Complete

• Acquisitions for EOTT have not been pursued due to cost of
capital and focus on existing assets.

• Northern Border acquired assets for $30 million from various
third parties and gathering systems from Enron for $205 million.


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2000 Enron Strategic Goals
Enron Transportation Services

Goal: Divest Enron's Clean Fuels business.

Status: Not Complete

• Several deals were analyzed.

• Only nominal offers were made.
a substantial write-off for Enron.

All offers would have resulted in

• Currently evaluating options.

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2000 Enron Strategic Goals

Portland General

Goal: Successfully close the sale of PGE to Sierra Pacific Resources.

Status: In Progress

• Obtained state PUC and FERC approval.

• Waiting on SEC approval - meeting set for January 4, 2001.

Goal: Meet Trojan decommissioning objectives and successfully
manage the Trojan cost recovery.

Status: Complete

• Decommissioning on track.

• Obtained state PUC approval, resolving recovery from customers
issue.

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