=============
Page 1 of 1
=============

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

Quarter Ended
March 31,
2001 2000

Revenues

Transportation and Distribution		
Transportation Services	$ 246	$ 206
Portland General	767	397
Wholesale Services	48,506	12,329
Retail Energy Services (a)	693	314
Broadband Services	83	59
Corporate and Other (including intercompany eliminations)	(166)	(160)
Total Revenues	$ 50,129	$ 13,145
		
After tax results		
		
Net income excluding nonrecurring items	$ 406	$ 338
Non-recurring items.		
Cumulative effect of accounting change	19	-
Net income	$ 425	$ 338
		
Earnings per share (diluted) (b)		
		
EPS (diluted) excluding nonrecurring items	$ 0.47	$ 0.40
Non-recurring items:		
Cumulative effect of accounting change	0.02	-
EPS (diluted)	$ 0.49	$ 0.40
Average shares outstanding (diluted) (b)	871.6	851.9

(a) See Table 3b.
(b) The Second Preferred Stock and the Series B Preferred Stock are both dilutive in the
first quarter of 2000 and 2001.

EXH010-01306

GOVERNMENT
EXHIBIT
  1014
  Crim. No. H-04-25 (S-2)