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ENRON CORP.
Table I - Earnings Summary
(Unaudited: in millions, except per share data)

EXH010-01295

Revenues

Transportation and Distribution
Transportation Services
Portland General
Wholesale Services
Retail Energy Services
Broadband Services
Exploration and Production (a)
Corporate and Other (including intercompany eliminations)
Total Revenues

After tax results

Net income excluding nonrecurring items

Non-recurnng items

  Quarter Ended Year Ended
December 31, December 31,
  2000 1999 2000 1999

$ 198	$ 181 $	699 $	653
699	377	2,256	1,379
39,213	9,936	94,906	36,287
1,657	555	4,615	1,807
63	-	408	-
-	-	-	526
(1,079)	(76)	(2,095)	(540)
$ 40,751	$ 10,973 $	100,789 $	40,112

$ 347 $ 259 $ 1,266 $ 957

Charge to reflect impairment by Azurix (326) - (326) -
Gain on The New Power Company, net 39 - 39 -
Gain on sale of EOG stock - - - 345
Charge to reflect impairment of MTBE asset - - - (278)
Cumulative effect of accounting changes - - - (131)
  Net income $ 60 $ 259 $ 979 $ 893

Earnings per share (diluted) (b)(c)

EPS (diluted) excluding nonrecurring items

Non-recurring items
Charge to reflect impairment by Azurix
Gain on The New Power Company, net
Gain on sale of EOG stock
Charge to reflect impairment of MTBE asset
Cumulative effect of accounting changes
EPS (diluted)

Average shares outstanding (diluted) (b)(c)

$ 0.41 $ 0.31 $ 1.47 $ 1.18

  (0.41) - (0.40) -
0.05 - 0.05 -
- - - 0 45
  (036)
- - (0.17)
$ 0.05 $ 0.31 $ 1.12 $ 1.10

  787.7 779.1 813.9 769.0

(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
effective August 13, 1999.
(c) The Second Preferred Stock and the Series B Preferred Stock are assumed to be converted in periods
where they are dilutive

GOVERNMENT
EXHIBIT
  1012
  Crim. No. H-04-25 (S-2)