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Page 1 of 2
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ENRON CORP.
Table 1 - Earnings Summary
(Unaudited in millions except per share data)

  Quarter Ended
December 31,
1999 1998

Revenues

Transportation and Distribution

Gas Pipeline Group $	181 $	170
Portland General	377	327
Wholesale Energy Operations and Services	9,936	6,618
Retail Energy Services	555	322
Exploration and Production (a)	-	230
Corporate and Other (including intercompany eliminations)	(76)	35
Total Revenues $	10,973 $	7,702

  Year Ended
December 31,
1999 1998

$ 653 $	653
1,379	1,196
36,287	27,725
1,807	1,072
526	884
(540)	(270)

$ 40,112 $ 31,260

After tax results

Net income excluding nonrecurring items
Nonrecurring Items
Gain on sale of EOG stock
Charges related to MTBE asset
Cumulative effect of accounting changes
Net income

$ 259 $ 171 $ 957 $ 698
- 45 345 45
  (40) (278) (40)
(131) -
$ 259 $ 176 $ 893 $ 703

Earnings (loss) per share (diluted) (b)

EPS (diluted) excluding nonrecurring items
Nonrecurring items
Gain on sale of EOG stock
Charges related to MTBE asset
Cumulative effect of accounting changes
EPS (diluted)

$ 031 $ 024 $ 1.18 $ 1.00

  0 07
(006)

$ 0.31 $ 0.25

Average shares outstanding (diluted) (b)

  779.1 716.4

  0 45 0 07
(036) (006)
(017) -
$ 1.10 $ 1.01

  769.0 695.3

(a) Reflects results of Enron Oil & Gas through August 16, 1999, date of share exchange transaction
(b) Shares outstanding and EPS amounts have been restated to reflect the two-for-one common stock split that was
effective August 13, 1999

EXH010-01247

GOVERNMENT
EXHIBIT
  1004
  Crim. No. H-04-25 (S-2)


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Fourth Quarter 1999

  ENRON CORP.
Table 2a - Results by Segment
(Unaudited in millions, except per share amounts)

IBIT:
Transportation and Distribution
  Gas Pipeline Group
Portland General
Wholesale Energy Operations and Services
Retail Energy Services
Exploration and Production (a)
Corporate and Other
  IBIT
Interest and Related Charges, net
Dividends on Preferred Securities
of Subsidiaries
Minority Interests
Income Tax Provision
Net Income
Preferred Dividends
Second preferred stock
Series A and Series B Preferred Stock (b)
Earnings on Common Stock

Average Number of Shares Used (c)
Basic
  Diluted

Earnings per Common Share: (c)
Basic
  Diluted

Non-
Recurring Recurring Total

$ 97 $	- $ 97
105	- 105
263	- 263
7	- 7
1	- 1
473	- 473
119	- 119
19	- 19
41	- 41
35	- 35
259	- 259
4	- 4
20	- 20
$ 235 $	- $ 235

  715.3
7791 779.1 779.1

  $ 0.33
$ 0.31 $ - $ 0.31-

(a) Reflects results of Enron Oil & Gas through August 16, 1999, date of share exchange transaction
(b) The Series A and Series B Preferred Stock are antidilutive and therefore have been excluded from the
calculation of diluted earnings per share
(c) Shares outstanding and EPS amounts have been restated to reflect the two-for-one common stock split that was
effective August 13, 1999

EXH010-01248