4


	  Elizabeth Ivers@ENRONt
	  03(2312001 05:00 PM

To:     Kenneth Lay/CorpIEnron~ENRON, Jeff SkiI~ing(Corp1Enron@ENRON,. Paula
	RiekerfCorp/Enron@ENRQN, Mark Koenig/CorpIEnron~ENRON, Scott
	Vond~rheid~ICorp1Enron@ENRON Kathryr(CorbaiIyfCorp/Enron~ENRON Rosalee
	Fieming/Corp1Enron~ENRON, Shorn SeralCorp/Enron@ENRON, Joannie
	Wilriamson/CorplEnron@ENRON, Yarleni Mendez/Corp/Enron~ENRON, Laura
	Valencia(CorplEnron@ENRON Lisa GiUette,'HOU/ECT@ECT. PriyaJaisinghanhfNNEnron@Enron, David
	Leboe/i-IOUIECT@ECT

cc:
Subject:

      ENE Friday Peer Group Report

Enron & PeerGroup
Relative PriceEarnings Ratios


Euron
S&P 500 Index

NASDAQ Index
Energy Peers
Communications

Peers

Attached are the Friday peer group reports:
DO NOT UPDATE LINKS WHEN THE FILE
Please call if you have any questions.

			      Friday
				03123/01


IS OP ENEDI

ENEOS23O1 xis MlpO323.xls


Investor Relations

     TOTAL RETURN
Current    Quarter-   Year-to-
Week       to-Date     Date
-4.4%      -28.4%     -28.4%
-0.9%      -13.4%   - -13.4%
2.0%       -21.9%~    -21:9%
-5.0%      -9.8%      -9.8%
-5.1%      t393%      .393%

I GO VERN
*EXHrnj~infl
*4400~fl
I~I





PIE

 EPS   Latest
Growth 12n,os

Enron. Recunin  Diluted EPS      ENE     $    59.40      $     1.74      34.1   [ 18.6% 10.9%         2.06     28.8

s & p soo Index
NASDAO Index

Energy Peer Grouo
ASS Corp.
Dominion Resources
Duke Energy
Dynegy
El Paso
Kinder Morgan
NRG Energy Inc
PG&E

SPX     S     1.140
CCMP    $     1.929

ASS
 0
DUK
DYN
SF0
KMI
NRG
PCG
MIR
TRP
WMB

Mirant Corp
Transcanada Pipeline
Williams Company

$     43.98
$     59.65
      37.88
      46.50
      62.00
$     49.80
      29.25
$     10.65
$     29.34
$     11.95
$     40.39

Energy Peer Group Average

Enren First Call Consensus
Mean Estimate
-ugh Eatmato
Low Esfimate


Con,nlunicatiena Peers
Akamor
Digital lslanr
InterNap
Williams Communicstionr
Level3
Global Crossing
Qwest

Communications Peer Average


Ceni pony
The New Power Company

AKAM
ISLO
 NAP
WCG
LVLT
 GX
 0~

$      8.53
$      1.75
$      1.53
S      9.80
$     16.06
$     14.50
$     35.25

$

0.1%

$     63.89      17.8
	N/A      N/A

				 Consensus
				    SF3        PIE


57.20       19.9
 N/A        N/A


		  28.8%
		  23.0%
		  11.9%
		  28.7%
		  22.3%
		  39.1%
		  19.1%
		   L9%
		  61.2%
		   3.6%
		  .16.9%

$      In        23.4
S      4.10      14.5
$      2.35      16.1
      1.84      25.3
$      3.29      18.8
S      1.78      28.0
$     . 1.31     22.3
$      2.73       3.9
$      1.58      18.6
       0.86      13.9
$      1.43      28.2

		 19.4

20.2%
5.9%
13.2%
11.2%
9.7%
14.2%
15.9%
2.8%
13.7%
6.0%
12.3%

$
$
$
S
$
S

S
$
$
$

2.43      18.1
4.48      13.3
2.84      14.3
2.23      20.9
3.06 .    16.1
2.18      22.8
1.64      17.8
3.05       3.5
1.83      16.0
0.88      13.6
2.04      19.8

	  16.0

Shams
 (MMt
  108
   80
  140
   68
  367
  886
 1.656

NPW     $      5.85

	  Total Return
Current     Quarter-   Year.
Week        to-Date    to-Date

    -4.4%     -28.4%       -284%          0 8%

    .0.9%     -13.4%       .134%         1.38%
 *  2.0%      -21.9%       -21.9%        0.31%


    .7A%      .208%        .20.8%         0.0%
    .0.9%     -10.0%       -10.0%         4.3%
    -2.9%     -10.5%       -10.5%         2.9%
    .0.4%     -16.9%       -16.9%         0.6%
   .1O.1%-13.1%            .13.1%         14%
    .1.0%       -4.5% .     .4.5%         0.4%
    .5.2%        5.2%       5.2%          0.0%
    -6.7%     46.8%        -46.8%        11.3%
    -04%         3.6%       3.6%          0.0%
    -3.2%       . 3.9%      3.9%          6.7%
    .4.3% ,      1.5%       1.5%          1.5%

    .5.0%       -9.8%       -9.8%         2.6%


	     eta     uni
  Current    puane,.       Year.      Dividend
   flea      to-elate     tO-UStO       tijid
    3.8%      -59.5%       -59.5%         0.0%
   -11.1%     -56.9%       -56.9%         0.0%
    -9.3%     -78.9%       .78.9%         0.0%
    .9.7%     -16.6%       .16.6%         0.0%
    .8.5%     .51.0%       .51.0%         0.0%
    1.3%         1.3%       1.3%          0.0%
    .4.3%     -13.8%       .13.8%         0.0%

    -5.1%     -39.3%       49.3%         .0.0%

	     eta Corn
   drain   .  usa    r-     ear-      Dividend
   Wet       to-vane      to-vats       Yield
    8.3%      .40.4%       40.4%          0.0%

		     * Revenue estimates based on fiscal year lather than calendarycar
		     -, Consensus inforniatton Is not avaijable ror 2001

Enron & Peer Group
Relative Price Earnings Ratios

Company

	    Closing
Symbol       Price

Consensus
  EPS

2001            00)01   ROE           2002

  Friday
 03123101


Dividend
 Yield

	  2000
   -senses
   i4eviMMi      Mutt
$      82.3       11.2
       56.0        2.5

$      67.6        3.4
$    2258.9        0.3
$    1.125,3       5.2
$    4.8000        2.1
$   18,997.0       3,1

	1001
ConSOntli,
ROy (MMj         MOO
     189.4        4.9


    Aol

A





Master Limited Partnerships
Relative Current Yield and Payout Ratio

	      Closing
Svri.p~l       Price

 Annual           Current
Distribution       Yield

Spread

Total Return

Payout        Current      Quarter-     Year-
Ratio          Week        to-Date     to-Oate

Northern Border               NBP       $34.85              $2.80         8.03%         273        103%           -1%          13%        13%
EOTT Ene                      EDT       $15.78              1.90         12.04%        673        292%           1%           -1%        -1%

Anierigast"                   APU       $2010               $2.20         10.95%        564        222%           1%           24%        24%
Buckeye                       BPL       $31.00              $2.40         7.74%         243        89%            0%           9%         9%
El Paso Energy Partners       EPN       $30.68              $2.30         7.50%         219        548%           -3%          14%        14%
Ferreligas ~                  FGP       $18.34              $2.00         1224%         693        256%           -2%          24%        24%
Genesis (3)                   GEL       $5.53               $0.80   (3)   14.47%        916        N/A            .2%          58%        58%
Kaneb                         (PP       $33.66              $2.80         8.32%         301        102%           0%           9%         9%
Kinder Morgan                 KMP       $59.01              $3.40         5.78%         45         107%           1%           6%         6%
Lakehead                      11W       $42.99              $3.50         8.14%         283        145%           0%   -       6%         8%
Plains All Amer.              PAA       $22.75              $1.85         8.13%         282        110%           3%           21%        21%
TC PIpelines                 TCLPz      $21.56              $1.90         8.81%         350        91%            -4%          14%        14%
TEPPCO                        TPP       $25.60              $2.10         8.20%         289        97%            0%           6%         6%

Peer Grou   AV .                                                          9.11%         381        181%           .1%          18%        18%

U.S. Treasury 30 Year


tFiscal year ending September30
2~ FlscI year tiMling July 31.

					   02. l8754~
					   5.31%                                                                                   -1%
																  Return

(3) Restructuring approved by unltholders i2fl'iOO. Annual distribution reduced to $0.80 per year.

Special distrIbution of $0.28 paid to unitholders of record fl/IS/GO.

Analyst
AG. Edwards
B of A Montgomery
CIBC Oppenheimer
Dam  Rauscher
First Union
Goldman Saths
INGQligh VId)
Lehman Bros.
Merrill Lynch.
Morgan Stanley DW
Salornon Smith Barney
UBS Warburg (PaineWebbert

   * Rating
      Buy
      Buy
      Buy
      Buy

  Rec. List

Outperform
Aoce~mu late
   Neutral
Outperform
      Buy

Consensus

'First Call Consensus
 Not officially covered, but has internal note in system.

    2001 EPS'
$       2.53
$       2.65
$*      2J0
$       2.70
$       2.56
$       260

$       2.57
$       LOG
$       2.60
$       2.55
$       2.60

2002 EPS

$     2.75

$    4.80
$     2.68

$
$
$
$

Target

$
$

34.00
38.00

2.88   $      38.00
2.76   $      37.50
2.65   $      33.00
2.10   $      35.00
       $      37.50

Rating    2001 EPS
 Hold

 No Covg.
 No Covg.
Buy.Aggsv.

 No Covg.

      Buy
Outperform
AccuntJBuy
  No Covg.
   Neutral
      Buy

$      2.60    $    2.72  $      36.14

$  0.60

$

$  0.59   $
$  0.60   $

$  0.60
$  0.60

$

2002 EPS'


    0.65


    0.85
    0,65

$


$

0.85   $      17.00
       $      19.00

$  0.60   $      0.65  $      18.00

Company

 Friday
03/23101

2%
Return

2%
-Urn

Northern Border                                                        EDiT Energy

N4

 4

Taroet

20.00

16.00