=============
Page 1 of 46
=============

Enron Corp
Earnings Release Details
1st Quarter 2001

page

Significant IBIT Variances	1-7
IR Assets and Investments Detail	8
Wholesale Buckets Summary	9
Wholesale Buckets Detail	10 - 19
Business Unit Variance Schedules	20 - 28
EES Restatement	29
Calculation of EPS	30
Interest Expense	31
Dividends on Preferred of Subs	32
Earnings Release Support Pages	33 - 37
Statistical Supplement Pages	38 - 45

Distribution:

  Rick Causey
Mark Koenig
Paula Rieker
Liz Ivers
  Scott Vonderheide
Mark Palmer

cc: Bob Butts
Greg Adams

EXH066-00381

EC06419BO101152

GOVERNMENT
EXHIBIT
  4258
Crim. No. H-04-25 (S-2)


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Page 2 of 46
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Enron Wholesale
Significant Variances
(In Millions)

  1 Qtr 1 Qtr
20
  2001 20 2000 Diff Comments

Commodity			
Gas trading, excl originations (net of expenses) -			
see summary at (a)	432	32	400
Originations			
FX loss	(10)	-	(10)
Other gas originations (less than $1 Om)	14	9	5
Gas Trading	436	41	395
Power trading, excl originations (net of expenses) -			
see summary at (b)	317	117	200
Originations			
Alberta Power PPA	25	-	25
Genco	-	21	(21)
Peakers sale	225	-	225
Other power originations (less than $1 Om)	18	2	16
Power Trading	585	140	445
Retail PRM	(230)	10	(240)
Retail Trading	(230)	10	(240)
Equity trading (index)	1	33	(32)
Metals trading	(27)	-	(27)
Interest & FX books (hedge of books)	64	52	12
Global liquids (net of expenses)	45	20	25
Crude oil prepayments	(19)	(28)	9
Weather, paper, coal, S02	39	16	23
Credit adjustment	22	5	17
Spread options	19	24	(5)
Networks expenses	(14)	-	(14)
Other (including expenses)	(136)	(57)	(79)
Other Trading	(6)	65	(71)
Total Commodity	785	256	529
			
Assets and Investments			
Fair value/other portfolio related income -			
see summary at (c)	(3)	20	(23)
Earnings on JEDI, JEDI II, Condor, others (fair value)	7	166	(159)
Accrual earnings on merchant investments	8	6	2
Finance originations	2	-	2
Asset selldowns and 125s	(1)	6	(7)
Expenses	(27)	(43)	16
Merchant Activity	(14)	155	(169)
Asset operations - see summary at (d)	78	82	(4)
Development and construction	(5)	(17)	12
Operations and Development	73	65	8
Total Assets and Investments	59	220	(161)

Total Unallocated Expense (89) (47) (42)

Total Wholesale 755 429 326

ECO641980101153

sigvar1Q01, summary

4/17/2001, 12:11 AM

EXH066-00382


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Page 3 of 46
=============

Enron Wholesale
Significant Variances
(In Millions)

WHOLESALE DETAILS per above

(a) Gas trading, excluding originations:
Canada (gross margin)
  US (gross margin)
  Credit reserve adj - Blue Ridge
Europe (net of expenses)
  Gas transport (Europe)
  South America (gross margin)
Other (including HPL and expenses)

(b) Power trading, excluding originations:
NA - East (gross margin)
  NA - West (gross margin)
NA - TVA settlement
Europe (gross margin)
Other (including expenses)

(c) Fair value/other portfolio related income (loss):
JEDI NPI
  Heartland Steel
  Raptor notes receivable/hedge
Quanta
  First World
Kafus
Rhythms (net of hedge amort)
Others (less than $15m)

  1 Qtr 1st Qtr
  20 i
  2001 2000 Diff Comments

(10) 18 (28)
526 56 470

6	(17)	23
(1)	2	(3)
	2	(2)
(89)	(29)	(60)
432	32	400

31	(39)	70
445	91	354
(253)	-	(253)
160	102	58
(66)	(37)	(29)
317	117	200

(33)	25	(58)
(43)		(43)
43	-	43
-	26	(26)
	29	(29)
	(23)	23
	17	(17)
30	(54)	84
(3)	20	(23)

ECO6419BO101154

sigvarlQ01, summary

4/17/2001, 12:11 AM

EXH066-00383


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Page 4 of 46
=============

Enron Wholesale
Significant Variances
(In Millions)

WHOLESALE DETAILS per above

(d) Asset operations:
Equity earnings from:
Europe
  Centragas
CIESA/TGS
DPC Phase I
Eco Electrica
Korea (SK)
Transredes
Other international

Elektro IBIT
Vengas
ESA operations
India operations
CALME operations
APACHI operations
Europe management fees
JEDI management fee
EGEP operations
Expenses
Other

  1 s Qtr 1st Qtr
  2001 2000 Diff Comments

(7)	7 (14)
1	1 -
9	12 (3)
15	16 (1)
6	22 (16)
12	13 (1)

4	8	(4)
40	79	(39)
32	36	(4)
6	8	(2)
(2)	8	(10)
(1)	2	(3)
6	6	
9	22	(13)
3	2	1
5	5	-
38	34	4
(70)	(112)	42
12	(8)	20
78	82	(4)

EC06419BO101155

sigvarlQ01, summary

4/17/2001, 12:11 AM

EXH066-00384


=============
Page 5 of 46
=============

Enron Corp
Significant Variances
(In Millions)

  1200 tr 120t 0Q0 1 1 Diff Comments

Transportation Services			
Gross margin	243	201	42
Operating expenses (incl deprec)	(124)	(81)	(43)
Equity earnings:			
Citrus	8	6	2
Northern Border	2	2	-
EOTT	2	(2)	4
Other	2	1	1
	14	7	7
Other income:			
Other	-	1	(1)
		1	(1)
Transportation Services	133	128	5
			
Portland General Group			
Gross margin	185	195	(10)
Operating expenses (incl deprec)	(118)	(124)	6
Equity earnings	-	1	(1)
Other income:			
Customer Choice	-	31	(31) Reversal of accrual for program cancelled
COLI	(10)	11	(21)
Other	3	(9)	12
Other income	(7)	33	(40)
Portland General Group	60	105	(45)

sigvar1Q01, summary

4

ECO6419BO101156
4/17/2001, 12:11 AM

EXH066-00385


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Page 6 of 46
=============

Enron Corp
Significant Variances
(In Millions)

  1 st Qtr 1 st Qtr
  2001 2000 Diff Comments

Retail Energy Services			
Gross revenues:			
Gas and power sales	249	62	187
Power MTM	139	35	104
Facilities services/Outsource and other	189	138	51
International	116	79	37
Total gross revenues	693	314	379
Cost of sales			
Gas and power sales	(250)	(61)	(189)
Power MTM	-	-	-
Facilities services/Outsource and other	(161)	(116)	(45)
International	(78)	(57)	(21)
Total cost of sales	(489)	(234)	(255)
Gross margin			
Gas and power sales	(1)	1	(2)
Power MTM	139	35	104
Facilities services/Outsource and other	28	22	6
International	39	22	17
Total gross margin	205	80	125
Operating expenses (incl deprec)	(179)	(95)	(84)
Minority interests (Omicron, EES)	-	-	-
Gain on sale of Resco warrants	30	20	10
Equity income (loss)	(15)	2	(17)
Other income	(1)	(1)	-
Retail Energy Services	40	6	34

ECO641960101157

sigvar1Q01, summary

5

4/17/2001, 12:11 AM

EXH066-00386


=============
Page 7 of 46
=============

Enron Corp			
Significant Variances			
(In Millions)			
	1 0 Qtr	1 t Qtr	
	2001	2000	Diff Comments
Broadband Services			
Gross revenues:			
Dark fiber and software sales	1	48	(47)
Content services and other	64	-	64
Contract originations	4	-	4
Merchant investments	(6)	11	(17)
Trading	20	-	20
Total gross revenues	83	59	24
Cost of sales			
Dark fiber and software sales	-	(8)	8
Content services and other	(2)	-	(2)
Contract originations	-	-	-
Merchant investments	-	-	-
Trading	(27)	-	(27)
Total cost of sales	(29)	(8)	(21)
Gross margin			
Dark fiber and software sales	1	40	(39)
Content services and other	62	-	62
Contract originations	4	-	4
Merchant investments	(6)	11	(17)
Trading	(7)	-	(7)
Total gross margin	54	51	3
Operating expenses (incl deprec)	(92)	(51)	(41)
Other income	3	-	3
Broadband Services	(35)	-	(35)

sigvarlQ01, summary 6

ECO6419BO101158

4/17/2001 , 12:11 AM

EXH066-00387


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Page 8 of 46
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Enron Corp
Significant Variances
(In Millions)

  1 Qtr 1 t Qtr
  20 i
  2001 2000 Diff Comments

Corporate and Other			
Corporate (including Co 099)			
Corporate expenses and other	(96)	(55)	(41)
Azurix earnings	(32)	(6)	(26)
ECM	5	7	(2)
EEDC	(1)	-	(1)
Resco	-	-	-
	(124)	(54)	(70)
EREC	(17)	13	(30)
Clean Fuels operations	(17)	(3)	(14)
Corporate and Other	(158)	(44)	(114)
Total recurring IBIT	795	624	171
Nonrecurring items (pretax):			
Azurix impairment	-	-	-
SAB 51 gain	-	-	-
Write-off EES costs	-	-	-
Nonrecurring items	-	-	-

Total IBIT

Interest expense
Company-obligated preferred of subs
Minority interests
Pretax earnings
Income tax expense
Income before cumulative accounting changes
Cumulative effect of accounting changes, net of tax
Net income

sigvar1Q01, summary

795	624 171
	
201	161 40
18	18 -
40	35 5
536	410 126
130	72 58

406	338 68
19	- 19
	
425	338 87

7

ECO6419BO101159

4/17/2001, 12:11 AM

EXH066-00388


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Page 9 of 46
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Enron Wholesale			
Significant Variances			
(In Millions)				
	1
tr	1
tr		
	2000
1	20 0	Diff	Comments
Assets and Investments			
Income from Merchant Investments			
Equity Earnings FV vehicles (JEDI, JEDI II, Condor)	(99)	150	(249)
JEDI - NPI	(33)	25	(58)
Raptor Hedge	111		111
Other (less than $50MM)	8	(25)	33
Total Merchant Investments	(13)	150	(163)
			
Asset selldowns and 125s			
Other(less than $3OMM)	(1)	6	(7)
Total Asset selldowns and 125s	(1)	6	(7)
			

Asset operations
Elektro IBIT
APACHI operations
DPC Phase I
EGEP Operations
SK- Enron
Eco Electrica
Expenses
Other (less than $30MM)

32	36	(4)
9	22	(13)
15	16	(1)
38	34	4
12	13	(1)
6	22	(16)
(70)	(112)	42
32	34	(2)
Total Asset operations 74	65	9
74	65	
60	221	(161)

EC06419BO101160

IR summary.xls, A&I



4/17/2001, 12:12 AM

EXH066-00389


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Page 10 of 46
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Enron Corp.
Wholesale Buckets
  2001 b Quarter 2000 6 Quarter 01-00 Comparison 00-99 comparison
YTD IQ
  Subcategory Description Year 4Q 3Q 2Q IQ Year 4Q 3Q 2Q IQ Incr (Decr) Incr (Decr) 99 Year Incr (Decr)

	SUMMARY											
Commodity	Gas Trading	436.1 - -	- 436.1	852.8	388.3	183.4	240.0	41.1	395.0	395.0	187.2	665.6
Cnnvmdity	PowerTrading	585.0 -	- - 585.0	695.6	148.2	234.3	172.8	140.3	444.7	444.7	368.2	327.4
Commodity	Retail Trading	(230.3) - -	- (230.3)	(8.0)	1.0	3.0	(22.0)	10.0	(240.3)	(240.3)	(18.0)	10.0
Commodity	Other Trading	(5.7) -	(5.7)	81.2	0.4	(13.2)	29.6	64.4	(70.1)	(70.1)	72.6	8.6
	Commodity Sales & Services	785.1 -	- - 785.1	1,621.6	537.9	407.5	420.4	255.8	529.3	529.3	610.0	1,011.6
Merchant Activity	Income from Merchant Invest	(12.9) -	- - (12.9)	462.3	122.9	171.0	18.6	149.8	(162.7)	(162.7)	356.7	105.6
Merchant Activity	Gains on Sales (inel 125s)	(1.4)	- (1.4)	248.9	144.9	84.3	14.1	5.6	(7.0	(7.0)	294.0	(45,1)
	Merchant Activity	(14.3)	- - (14.3)	711.2	267.8	255.3	32.7	155.4	169.7	(169.7)	650.7	60.5
operation.. Dev & C,n.tr	Asset Operations	78.0 -	- - 78.0	228.1	54.9	64.6	26.6	82.0	(4.0)	(4.0)	244.4	(16.3)
Op-ti-.,Dcv&Con.tr	Development &Consteaction	(4.5) -	(4.5)	(50.5)	(13.3)	(15.3)	(4.8)	(17.1)	12.6	12.6	(45.9)	(4.6)
	Operations, Dev & Constr	73.5	73.5	177.6	41.6	49.3	21.8	64.9	8.6	8.6	198.5	(20.9)
	Total Assets &investments	59.2	59.2	888.8	309.4	304.6	54.5	220.3	(161.1	(161.1)	849.2	39.6
Uc.11-led Expense	Unallocated Expense	(89.5) -	- - (89.5)	(258.6)	(69.2)	(82.1)	(60.0)	(47.3)	(42.2)	(42.2)	(160.8)	(97.8)
	Total Wholesale	754.8	754.8	2,251.8	778.1	630.0	414.9	428.8	326.0	76% 326.0 76%	1,298.4	953.4

Buckets 2001,1, 1 Qtl l

9

73%

ECO6419BO101161

4/16/2001.7:00 PM

EXH066-00390


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Page 11 of 46
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Enron Corp.
Wholesale Buckets

Subcategory Description

  2001 6 Quarter 2000 b Quarter 01-00 Comparison 00-99 comparison
YTD IQ
  Year 4Q 3Q 2Q IQ Year 4Q 3Q 2Q IQ Incr (Deer) Incr (Decr) 99 Year Incr (Decr)

	GAS TRADING												
NA	GaaTrediog	Canada-Gas Trading	(9.5)	(9.5)	9.3	(27.5)	1.4	17.6	17.8	(27.3)	(27.3)	78.8	(69.5)
NA	Gas Trading	Credit Reserve - Blue Range	-	-	-	-	-	-	-	-	-	(33.0)	33.0
NA	(is. Trading	US-Gas Trading	525.6	525.6	1,056.1	449.2	282.7	268.5	55.7	469.9	469.9	130.7	925.4
Nn	Gas Tmding	South America - Gas Trading	(1.3)	(1.3)	-	-	-	-	-	(1.3)	(1.3)	-	-
NA	Once,Trading	Domestic Assets (HPULRC)	(29.9)	(29.9)	(58.6)	(26.8)	(29.6)	(5.4)	3.2	(33.1)	(33.1)	(4.2)	(54.4)
NA	Gas Trading	Bridgelinc equity carvings	4.7	4.7	7.0	4.1	(2.5)	3.4	2.0	2.7	2.7	-	7.0
NA	GseTrading	Gas Originations [A below]	4.2 - -	- 4.2	39.9	15.1	8.6	7.4	8.8	(4.6)	(4.6)	104.0	(64.1)
NA	Trading E.penscs	Gas trading expenses	(62.7)	(62.7)	(223.6)	(80.5)	(58.5)	(50.7)	(33.9)	(28.8)	(28.8)	(175.6)	(48.0)
		NA	431.1 - -	- 431.1	830.1	333.6	202.1	240.8	53.6	377.5	377.5	100.7	729.4
EUR	G.., I ding	Gas Trading	24.6	24.6	14.2	60.1	(12.5)	(20.9)	(12.5)	37.1	37.1	5.5	8.7
Et1R	Gas Trading	Gas Transport Revenues	(0.7)	(0.7)	9.2	2.3	2.2	2.3	2.4	(3.1)	(3.1)	9.4	(0.2)
FUR	Gus Trading	Gas Originations	-	-	-	-	-	-		-		-	-
IlIIR	1'radingExpcnscs	Gas trading expenses	(18.9)	(18.9)	(20.5)	(7.2)	(4.8)	(4.6)	(3.9)	(15.0)	(15.0)	(7.4)	(13.1)
		EUR	5.0 - -	- 5.0	2.9	55.2	(15.1)	(23.2)	(14.0)	19.0	19.0	7.5	(4.6)
SA	GnrTrading	Gas Trading	-	-	8.7	(3.0)	1.9	8.2	1.6	(1.6)	(1.6)	(I.l)	9.8
SA	(ins Trading	Cuiaba MTM	-	-	17.6	3.3	(1.4)	15.7	-	-	-	82.9	(65.3)
SA	Tradingllcpcn..e.	Gas trading expenses	-		(6.5)	(0.8)	(4.1)	(1.5)	(0.1)	0.1	0.1	(2.8)	(3.7)
		EGA		-	19.8	(0.5)	(3.6)	22.4	1.5	(1.5)	(1.5)	79.0	(59.2)
		Gas trading	436.1	436.1	852.8	388.3	183.4	240.0	41.1	395.0	961% 395.0 961%	187.2	665.6 356%
													
	POWER TRADING												
NA	Power I ding	Power-east	30.8	30.8	137.9	34.5	135.7	6.7	(39.0)	69.8	69.8	101.4	36.5
NA	PowcrTrading	Power-west	445.3	445.3	396.3	104.4	55.8	144.8	91.3	354.0	354.0	47.8	348.5
NA	Trading	Power - SA	9.1	9.1	-	-	-	-	-	9.1	9.1	-	-
NA	PowcrTrading	Other (TVA Settlement)	(253.3)	(253.3)	4.9	4.9	-	-	-	(253.3)	(253.3)	(1.0)	5.9
NA	PnwerTrading	Power Origination lB below]	268.0 - -	- 268.0	49.8	8.6	8.0	10.5	22.7	245.3	245.3	125.1	(75.3)
NA	Trading Expense.	Power trading expenses	(49.5)	(49.5)	(101.9)	(45.5)	(13.4)	(26.0)	(17.0)	(32.5)	(32.5)	(80.8)	(21.1)
		NA	450.4 -	450.4	487.0	106.9	186.1	136.0	58.0	392.4	392.4	192.5	294.5
1UR	PnwcsTruding	Power Trading	160.4	160.4	333.9	79.4	95.2	57.1	102.2	58.2	58.2	127.7	206.2
17UR	Power Trading	Power Origination [C below)	- - -	- -	-	-	-	-	-	-	-	66.1	(66.1)
CUR	InidingExpcosc.	Power trading expenses	(25.8)	(25.8)	(122.2)	(41.1)	(39.6)	(22.6)	(18.9)	(6.9)	(6.9)	(9.0)	(113.2)
		EUR	134.6	134.6	211.7	38.3	55.6	34.5	83.3	51.3	51.3	184.8	26.9
PA	PowcrTrading	Power Trading	-	-	(1.6)	(1.4)	(1.0)	I.2	(0.4)	0.4	0.4	(1.5)	(0.1)
SA	IradingEspensss	Power trading expenses			(1.5)	(0.2)	(0.9)	(0.3)	(0.1)	0.1	0.1	(3.4)	1.9
		EGA			(3.1)	(1.6)	(1.9)	0.9	(0.5)	0.5	0.5	(4.9)	1.8
APACII	I Po.rcriruding	Power Trading	-	-	-	(4.4)	1.3	2.3	0.8	(0.8)	(0.8)	3.2	(3.2)
APACtI	I I'm ding Espenscs	Power trading expenses				9.0	(6.8)	(0.9)	(1.3)	1.3	1.3	(7.4)	7.4
		EGA	- - -	-		4.6	(5.5	1.4	(0.5)	0.5	0.5	(4.2)	4.2
		Power trading	585.0	585.0	695.6	148.2	234.3	172.8	140.3	444.7	317% 444.7 317%	368.2	327.4 89
													
	RETAIL TRADING												
WB.SEES RcwilTrading	Retail PRM	(230.3)	(230.3)	(8.0)	1.0	3.0	(22.0)	10.0	(240.3)	(240.3)	(18.0)	10.0
		WHSEES	(230.3)	(230.3	(8.0	1.0	3.0	(22.0)	10.0	(240.3)	(240.3)	(18.0)	10.0
		Retail trading	(230.3)	(230.3)	(8.0)	1.0	3.0	(22.0)	10.0	(240.3)	-2403% (240.3) -2403%	(18.0)	10.0 -56%

ECO6419BO101162

Buckets 2001.sls. IQ01

10

4/16/20[. 7:00 PM

EXH066-00391


=============
Page 12 of 46
=============

Enron Corp.
Wholesale Reelects

	Subcateeory	Description
	OTHER TRADING	
NA	Other Tnrding	Coal Trading
NA	Other Trading	Credit Reserve Adjustment
NA	Other Trading	Amon of HPL FV
NA	Other Trading	Equity Trading
NA	Other Trading	Interest & FX Books
NA	Other Trading	Networks Partners gain
NA	Other Trading	Other Trading
NA	Other Trading	Paper Trading
NA	Other Trading	S02 Trading
NA	Other Trading	Weather Trading
NA	Other Trading	Interest on Customers Deposits
NA	Trading Expenses	Other trading expenses
		NA
ME	Other'[ rnding	Swap income - ENA
EGE	Trading Expenses	Expenses
		EGF
t.IM	Other Trading	Forest Products Trading
Elm	Other Trading	Forest Products Originations
Elm	Other Trading	Steel Trading
Elm	Other Trading	Steel Originations
Elm	treding Expenses	Expenses
		Elm
EGM	Other Trading	Coal Trading
EOM	Other trading	Equity Trading
EGM	Other 'I'rading	Interest & FX Books
EGM	Other Trading	Other Trading
EGM	Other Trading	S02 Trading
EGM	Other Trading	Weather Trading
ECIM	Other Trading	Other trading expenses
EGM	Other Trading	Global Liquids Trading
11GM	Other Trading	Crude Oil Prepayments
EGM	Trading rspeme.	Global Liquids Trading Expenses
		EGM
 See	NA and EUR for data prior	to 4000

Buckets 2001.xIs. 1 Q01

2001 6 Quarter			2000 6 Quarter				01-00 Comparison	00-99 comparison
							YTD	IQ		
Year 4Q 3Q 2Q	I Q	Year	4Q	3Q	2Q	IQ	lncr (Deer)	lncr (Deer)	99 Year	Incr (Deer)
_	-	12.5	-	5.6	3.5	3.4	(3.4)	(3.4)	37.3	(24,8)
		5.0	-	-	-	5.0	(5.0)	(5.0)	49.5	(44.5)
(7.1)	(7.1)	(28.4)	(7.1)	(7.1)	(7.1)	(7.1)	-	-	(28.4)	-
-	-	63.5	-	18.7	11.4	33.4	(33.4)	(33.4)	54.3	9.2
49.1	49.1	161.1	64.9	28.7	39.2	28.3	20.8	20.8	91.2	69.9
-	-	50.0	50.0	-	-	-	-	-	-	50.0
0.3	0.3	4.4	4.2	0.5	(0.3)	-	0.3	0.3	(2.5)	6.9
	-	42.8	11.2	22.5	6.2	2.9	(2.9)	(2.9)	21.9	20.9
		(0.3)	-	2.9	(6.9)	3.7	(3.7)	(3.7)	(6.8)	6.5
		12.9	-	3.4	3.8	5.7	(5.7)	(5.7)	13.4	(0.5)
(26.0)	(26.0)	-	-	-	-	-	(26.0)	(26.0)	-	-
(2.6)	(2.6)	(152.0)	(42.1)	(37.2)	(45.2)	(27.5)	24.9	24.9	(155.1)	3.1
13.7	13.7	171.5	81.1	38.0	4.6	47.8	(34.1)	(34.1)	74.8	96.7
-		-	(6.6)	-	-	6.6	(6.6)	(6.6)	-	-
			(6.6)			6.6	(6.6)	(6.6)		
(0.3) - - -	(0.3)	-	-	-	-	-	(0.3)	(0.3)	-	-
15.7 - - -	15.7	-	-	-	-	-	15.7
1
1	15.7
1
1	-
-	-
-
1.1 - - -
0.1	1.1
0.1	-	-	-	-	-	.
0.1	.
0.1	_	_
(2.4) - -	(2.4)	-	-			-	(2.4)	(2.4)		
14.2	14.2					-	14.2	14.2		
 20.3	20.3	46.5	46.5	-	-	-	20.3	20.3	-	46.5
 1.3	1.3	0.8	0.8	-	-	-	1.3	1.3	-	0.8
 7.5	7.5	3.8	3.8	-	-	-	7.5	7.5	-	3.8
 7.9	7.9	(0.6)	(0.6)	-	-	-	7.9	7.9	-	(0.6)
 (6.2)	(6.2)	6.5	6.5	-	-	-	(6.2)	(6.2)	-	6.5
 8.7	8.7	6.2	6.2	-	-	-	8.7	8.7	-	6.2
 (29,2)	(29.2)	(16.2)	(16.2)	-	-	-	(29.2)	(29.2)	-	(16.2)
61.0	61.0	59.8	16.4	(1.8)	14.8	30.4	30.6	30.6	58.2	1.6
-	-	(68.3)	(33.7)	(34.6)	-	-	-	-	-	(68.3)
(15.7)	(15.7)	(51.8)	(14.9)	(19.3)	(7.7)	(9.9)	(5.8)	(5.8)	(49.3)	(2.5)
55.6 -	55.6	(13.3)	14.8	(55.7)	7.1	20.5	35.1	35.1	8.9	(22.2)

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Enron Corp.
Wholesale Buckets

	Subcategory	Description
ISIS	Other Trading	Credit Rcserve Adjustment
FUR	Other Trading	Crude Oil Prepayments
FUR	Other Trading	ETOL
FUR	Other Tmding	ETOL Expenses
FUR	Other Tmding	Interest & FX Books
FUR	Other Trading	Margaux Corp Financing
FUR	Other Tmding	Metals Trading
1:50	Other 'Fording	Other Trading
FUR	Other Trading	Spread Options
FUR	Other Trading	Sutton Bridge
FAIR	Other Trading	Teesside Utilities
F.t1R	Other Tmding	Watershed
1AII5	Tmding fxpernec	Other trading expenses
SA	Trading Expernoe	Expenses
N1WK	OtherGading	Networks Partners gain
NTWK	meting Ixpwscs	Expenses

  NTWK
W'I ISLO'r other Trading 24-7 Crude Trading
WIISLOI' Other Trading Crude Oil Prepayments
WIISI.OT Trad'mg Expenses Other trading expenses
  WHSLOT
Flints Other Trading Transfer ETOL to Retail
  Elims

TOTAL COMMODITY

2001 b Quarter			2000 b Quarter				01-00 Coto arison		00-99 comparison
							YTD	IQ			
Year 4Q 3Q 2Q	IQ	Year	4Q	3Q	2Q	IQ	Incr (Decr)	Incr (Decr)		99 Year	Incr (Decr)
21.9	21.9	-	-	-	-	-	21.9	21.9		104.6	(104.6)
(4.2)	(4.2)	(55.2)	(8.1)	-	(18.7)	(28.4)	24.2	24.2		(38.4)	(16.8)
19.2	19.2	36.7	5.2	14.4	5.1	12.0	7.2	7.2		-	36.7
(7.7)	(7.7)	(13.7)	(1.6)	(3.6)	(5.0)	(3.5)	(4.2)	(4.2)		-	(13.7)
7.7	7.7	36.6		6.4	6.1	24.1	(16.4)	(16.4)		24.5	12.1
-	-	(12.2)	(12.2)	-	-	-	-	-		-	(12.2)
(26.9)	(26.9)	30.3	3.5	26.8	-	-	(26.9)	(26.9)		-	30.3
8.0	8.0	6.0	5.8	(0.1)	0.1	0.2	7.8	7.8		9.6	(3.6)
18.8	18.8	(1.5)	(72.9)	(17.9)	65.4	23.9	(5.1)	(5.1)		50.1	(51.6)
-	-	0.8	-	-	0.7	0.1	(0.1)	(0.1)		(5.0)	5.8
		(5.2)	(4.1)	(0.3)	(0.4)	(0.4)	0.4	0.4		(13.2)	8.0
(38.9)	(38.9)	22.2	22.2	-	-	-	(38.9)	(38.9)		-	22.2
(35.0)	(35.0)	(111.9)	(51.1)	(4.8)	(28.2)	(27.8)	(7.2)	(7.2)		(143.3)	31.4
(37.1) - - -	(37.1)	(67.1)	(113.3)	20.9	25.1	0.2	(37.3)	(37.3)		(11.1)	(56.0)
		(4.2)			(2.0)	(2.2)	2.2	2.2		-	(4.2)
	-	(4.2)		-	(2.0)	(2.2)	2.2	2.2		-	(4.2)
6.2	6.2	54.5	54.5	-	-	-	6.2	6.2		-	54.5
(13.5)	(13.5)	(37.2)	(26.5)	(5.6)	(5.1)		(13.5)	(13.5)			(37.2)
(7.3) - - -	(7.3)	17.3	28.0	(5.6)	(5.1)	-	(7.3)	RDIV/O! (7.3)	4DIV/0!	-	17.3 #DIV/o!
(17.2)	(17.2)	-	-	-	-	-	(17.2)	(17.2)		-	-
(15.0)	(15.0)	-	-	-	-	-	(15.0)	(15.0)		-	-
(1.2)	(1.2)						(1.2)	(1.2)			
(33.4) - - -	(33.4)	-	-	-	-	-	(33.4)	ODIV/O! (33.4)	4DIV/0!	-	- RDIV/0!
(11.4)	(11.4)	(23.0)	(3.6)	(10.8)	(0.1)	(8.5)	(2.9)	(2.9)			(23.0)
(11.4) - -	(11.4)	(23.0)	(3.6)	(10.8)	(0.1)	(8.5)	(2.9)	34% (2.9)	34%	-	(23.0) sDIV/o!
(5.7)	(5.7)	81.2	0.4	(13.2)	29.6	64.4	(70.1)	-109% (70.1)	-109%	72.6	8.6 12%
785.1	785.1	1,621.6	537.9	407.5	420.4	255.8	529.3	207% 529.3	207%	610.0	1,011.6 166%

EUR

EGA

INCOME FROM MERCHANT INVEST											
NA Fair Vah,c income	Fair value income ID belowl	72.9 - -	- 72.9	(97.5)	-	(39.2)	(70.1)	11.8	61.1	61.1	(1.2)	(96.3)
NA Fair Value income	Rhythms FV - reclass	-	-	-	-	-	-	-	-	-	136.0	(136.0)
NA Equcam-FV vehicles	Condor	(23.5)	(23.5)	30.5	30.5	-	-	-	(23.5)	(23.5)	-	30.5
NA liqueam-FNvehicle%	IEDI	(45.7)	(45.7)	203.0	88.3	(20.9)	25.5	110.1	(155.8)	(155.8)	10.7	192.3
NA Equcam-rvvchide,	JEDIII	(24.5)	(24.5)	63.8	(6.1)	12.8	17.3	39.8	(64.3)	(64.3)	91.5	(27.7)
NA Iqmroent- UV vehicles	Enscreo	(0.9)	(0.9)	(6.0)	(3.2)	(3.2)	(0.3)	0.7	(1.6)	(1.6)	(0.5)	(5.5)
NA Equcam- FV vehicles	Other equity earnings	-	-	(0.4)	(0.4)	-	-	-	-	-	1.6	(2.0)
NA Structuring inoomo	Structuring income	3.5	3.5	-	-	-	-	-	3.5	3.5	4.6	(4.6)
NA Financeoriginationc	Canada	2.2	2.2	4.3	-	-	4.3	-	2.2	2.2	-	4.3
NA Finance eriginatinns	Motown	-	-	12.6	-	-	12.6	-	-	-	1.8	10.8
NA Fimmee originations	Tenaska Clebome	-	-	20.7	-	1.5	19.2	-	-	-	-	20.7
NA Finance origin,th,ns	West QF's	-	-	6.7	-	-	6.7	-	-	-	-	6.7
NA Acemal in-, march invest	Accrual income on mereh invest	3.9	3.9	(14.9)	(15.2)	(13.6)	8.7	5.2	(1.3)	(1.3)	77.6	(92.5)
NA Other Ponrclis Related	EGF Reimb of JEDI ENE Puts	-	-	-	-	-	-	-	-	-	7.0	(7.0)
NA Other Portf lio Related	ENE puts	-	-	(79.2)	-	-	-	(79.2)	79.2	79.2	(80.7)	1.5
NA Other Ponfnlio Related	ECT Investments	-	-	-	-	-	-				9.1	(9.1)
NA odtarPsnror,tOnt ted	Other	-	-	(12.5)	(7.0)	-	0.5	(6.0)	6.0	6.0	(2.9)	(9.6)
NA Expenses -Merchant irvost	Expenses - SA	(1.4)	(1.4)	-	-	-	-	-	(1.4)	(1.4)	-	
NA Expenses-Merchant irvem	Expenses-NA	(13.4)	(13.4)	(109.2)	(22.6)	(21.8)	(23.6)	(41.2)	27.8	27.8	(93.6)	(15.6)
	NA	(26.9) -	- (26.9)	21.9	64.3	(84.4)	0.8	41.2	(68.1)	-165% (68.1) -165%	161.0	(139.1) -06%

  /2
Bockeu 20111 xls. IQOI

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	Enron Corp.												
	Wholesale Buckets												
			2001 6 Quarter			2000 6 Quarter				01-00 Comparison	00-99 corn arison
										YTD	IQ		
	Subcategorv	Description	Year 4Q 3Q 2Q	IQ	Year	4Q	3Q	2Q	I Q	Incr (Deer)	Incr (Decr)	99 Year	Incr (Decr)
EGF	1'V/Other Pmtoho Related	Chewbaeca (JED] restructure)	-	-	(1.0)	-	-	-	(1.0)	1.0	1.0	-	(1.0)
eaF	IV/OthcrPnmi,Rn Rclatcd	Condor income allocation	12.3	12.3	(74.8)	-	(51.0)	(0.6)	(23.2)	35.5	35.5	-	(74.8)
IecF	Fwother Ponfnsa Related	M'lM Inns an W Wham cct to agreement	(154.2)	(154.2)	3.5	3.5	-	-	-	(154.2)	(154.2)	-	3.5
EGF	IV/Other Portfolio Related	Whitewing cost of carry charge	36.6	36.6	(17.3)	(17.3)	-	-	-	36.6	36.6	-	(17.3)
EGI'	IV/Other Pnrtti,lic Related	Condor Velocity	-	-	(28.7)	(28.7)	-	-	-	-	-	-	(28.7)
EGI'	IV/Other Portfolio Rclatcd	EMW warrants MTM	1.8	1.8	-	-	-	-	-	1.8	1.8	-	-
EGP	IV/Other Ponfnllo Related	EOG - TRS	(7.9)	(7.9)	110.7	110.7	-	-	-	(7.9)	(7.9)	-	110.7
F(A'	IV/OthcrPnnl'nliaRdeted	EOG Exchangeable Notes - FV	130.5	130.5	(293.0)	(157.8)	(53.3)	(81.9)	-	130.5	130.5	-	(293.0)
EGF	IV/OtherPnnfnlie Related	EOGR - FV	(154.0)	(154.0)	245.4	43.1	62.9	139.4	-	(154.0)	(154.0)	43.0	202.4
Hit`	FV/OthcrPooli,licRetated	EOGRHedge -FV	23.5	23.5	(37.2)	(25.2)	(9.6)	(2.4)	-	23.5	23.5	-	(37.2)
13T	17V/OtherPnnfollo Related	FAS 133	3.8	3.8	-	-	-	-	-	3.8	3.8	-	-
EciF	F//Other Ponlolio Related	Flash to actual	-	-	(0.1)	-	-	(0. 1)	-	-	-	9.0	(9.1)
EGP	FV/Othcr Portfolio Related	International Cash Management	2.8	2.8	-	-	-	-	-	2.8	2.8	-	-
sGF	PV/Other Portfolio Related	JEDI equity cam/stock swaps	-	-	79.2	-	-	-	79.2	(79.2)	(79.2)	80.6	(1.4)
EGF	FV/OlherPonlolioRelated	JEDI NPI	(33.0)	(33.0)	75.5	48.9	(13.2)	14.9	24.9	(57.9)	(57.9)	(10.8)	86.3
r:or	FV/Other Pnrtfnso Related	JILP amortization	-	-	(2.1)	(0.6)	(0.5)	(0.5)	(0.5)	0.5	0.5	(6.0)	3.9
EGP	FV/Other Pnrtli,lin Related	Mariner -FV	-	-	-	-	-	-	-	-	-	(9.0)	9.0
EGI'	IV/Other Pnnli,lio Related	Marlin adroit fees	3.0	3.0	13.8	3.9	3.1	3.8	3.0	-	-	6.9	6.9
P.(iF	FV/Other Pnnlblin Related	NSM Debt writedown	-	-	-	-	-	-	-	-	-	(7.2)	7.2
FGF	FV/Other Pnmohn Related	Other earnings	-	-	30.2	30.2	(4A)	3.7	0.4	(0.4)	(0.4)	(0.1)	30.3
F.GF	FV/Other Pnmohn Rclatcd	ENE stock	(3.0)	(3.0)	53.0	12.0	26.0	15.0	-	(3.0)	(3.0)	-	53.0
EGF	FV/Other Portlidio Related	Project Funding-interest income	-	-	0.7	-	0.7	-	-	-	-	4.5	(3.8)
EGF	FV/Other Pnntidie Retaled	Project Ghost write-off	-	-	-	2.3	-	-	(2.3)	2.3	2.3	-	-
EGI'	FV/Other Pnni,lin Related	Project Tomas	-	-	45.3	45.3	-	-	-	-	-	-	45.3
EGP	IV/Other Pnnfnlie Rotated	Raptor I Hedge	20.8	20.8	(0.8)	-	(0.8)	-	-	20.8	20.8	- .	(0.8)
EGP	I'V/Other Pomolin Related	Raptor interest income	22.0	22.0	59.8	49.6	10.2	-	-	22.0	22.0	-	59.8
FGF	IV/Other Pomblio Rclatcd	Reelass - Promigas earnings	-	-	-	11.7	(3.6)	(8.1)	-	-	-	-	-
I:GP	FV/Other Pnmidio Related	Resco income (loss)	-	-	101.8	(201.5)	251.3	52.0	-	-	-	-	101.8
I!GF	I'V/Other Rmthlia Rclatcd	Rhythms-FV	-	-	-	121.6	3.4	(125.0)	-	-	-	-	-
EGI'	I'V/Other Pnnfolio Related	Rhythms FV - reelass	-	-	-	-	-	-	-	-	-	34.0	(34.0)
I'GI'	FV/Other Portlidie Related	Rhythms Hedge - FV	-	-	-	(17. I)	-	-	17.1	(17.1)	
(17. I)	
-	
-
IIGI'	FV/other Portfolio Related	Rhythms stock realized loss	-	-	(142.8)	(120.9)	(21.9)	-	-	-	-	-	(142.8)
F:GF	IV/Other Ponl'nlie Related	S&P Hedge -FV	-	-	-	-	-	-	-	-	-	(10.6)	10.6
ILGF	1:V/Otherl'onli,li,,Rclated	TNPCMTM-NPI	-	-	196.7	196.7	-	-	-	-	-	-	196.7
11OF	FV/other Pnmi,hn Related	TNPC NPI earnings	(3.8)	(3.8)	(8.7)	(6.7)	(2.0)	-	-	(3.8)	(3.8)	-	(8.7)
EGF	FV/OtherPomolie11l1 ed	Warburg Dillon Read-Stock Hedge	-	-	-	-	-	-	-	-	-	2.1	(2.1)
POI'	1'V/Other Pnnfnlin Related	Wessex - FX gain	-	-	-	-	-	-	-	-	-	33.8	(33.8)
EGP	t/q.cam-FV,'ehielea	Condor equity earnings	104.1	104.1	58.4	11.9	35.2	(4.6)	15.9	88.2	88.2	-	58.4
I/OF	Egecam- IV vehicles	JEDI II EES bond settlement	(I.0)	(1.0)	(1.2)	-	-	(0.6)	(0.6)	(0.4)	(0.4)	-	(1.2)
X;17	t,qe cam- FV vehicles	JEDI Puts - FV	-	-	-	-	-	-	-	-	-	(3.5)	3.5
r.GF	Eqe cam - IN vehicles	Other equity earnings	-	-	5.0	3.6	0.2	1.2	-	-	-	-	5.0
ElF	acme in, on notch invest	Cashco interest income	0.6	0.6	(1.2)	(0.6)	(0.3)	(0.1)	(0.2)	0.8	0.8	2.2	(3.4)
set'	so-eaering moan,,,	JEDI Restructuring	(0.3)	(0.3)	(0.2)	-	(0.1)	(0.1)	-	(0.3)	(0.3)	(17.9)	17.7
I/CI'	Streetnring incomc	Rawhide	0.2	0.2	-	-	-	-	-	0.2	0.2	-	-
EGI'	Iispenses-Mcrchaotiovest	Expenses -EGF	(8.2)	(8.2)	(62.4)	(52.1)	(2.2)	(5.2)	(2.9)	(5.3)	(5.3)	(39.2)	(23.2)
		EGF	(3.4) - - -	(3.4)	407.5	66.5	230.4	0.8	109.8	(113.2)	-103% (113.2) -103%	111.8	295.7 264%


Rackets 211111.sb. IQelt

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	Enron Corp.														
	Wholesale Buckets														
			2001 b Quarter			2000 b Quarter				01-00 Comparison		00-99 comparison	
										YTD	IQ				
	Subcategory	Description	Year 4Q 3Q 2Q	IQ	Year	4Q	3Q	2Q	IQ	Incr (Decr)	Incr (Decr)		99 Year	Incr (Deer)	
0th!	rV/OtherPeefohoRelated	Alarm.	7.0	7.0	-	-	-	-	-	7.0	7.0		-	-	
tM	Espenee>-Merchant inerO					-		-	-		-			-	
		EIM	7.0 -	7.0				-		7.0	#DIV/01 7.0	#DIV/0!			#D1V/0!
EUM	Erie value income		0.7	0.7	-	-	-		-	0.7	0.7		-	-	
EUM	I pcnsec. Merchant lnveat					-	-	-		-					
		EGM	0.7 -	0.7				-		0.7	#DIV/0! 0.7	#DIV/0!			#DIV/0!
FOR	F/irVelueincome	Paladin CV	-	-	(1.5)	1.7	1.8	(1.9)	(3.1)	3.1	3.1		2.5	(4.0)	
FUR	Fair vane incnmc	OPET & OSI	7.5	7.5	23.3	(5.8)	18.3	10.8	-	7.5	7.5		-	23.3	
					-	-	-	-	-	-	-		(14.3)	14.3	
FUR
El m	Fair Vsluc incnmc
Ifspen.c..-Merchawinvest	Techboard FV
Expenses - EUR	-
(4.9)	-
(4.9)	0.7	-			0.7	(5.6)	(5.6)		-	0.7	
		EUR	2.6	2.6	22.5	(4.1)	20.1	8.9	(2.4)	5.0	-208% 5.0	-208%	(11.8)	34.3	-291%
CALM1..	Accmalincnnmerchinvent	PromigesDividends	3.4	3.4	12.9		3.6	8.1	1.2	2.2	2.2		7.9	5.0	
		EGA	3.4	3.4	12.9	-	3.6	8.1	1.2	2.2	193% 2.2	183%	7.9	5.0	63%
EI	rah Velue income	Fair value income IE belowl	-	-	-	-	-	-	-	-	-		(4.4)	4.4	
				-	-	-	-	-	-	-	-		4.8	(4.8)	
El	Eimmcenriginntinne	Finance originations	-												
EI	Espensns- Mcrchent incest	Expenses - El	
-	
-			
-	
-	
-	
-	
-				
		El	- -		-		-	-	-	-	#DIV/01	#DIV/0!	0.4	(0.4)	-100%
										-	-		343
6	(343
6)	
Eel	Fair Value income	Rh.ahms FV	-	-	-	-	-	-	-				.	.	
							-	-		-	-		9.8	(9.8)	
EEl	Puir Voice income	Sycamore FV
ECI	- -	-		-	-				#DIV/0! -	#DIV/0!	353.4	(353.4)	-100%
NTWK	Fair Value incnmc	Other	3.7	3.7	(2.5)	(3.8)	1.3	-		3.7	3.7		-	(2.5)	
		NTWK	3.7	3.7	(2.5)	(3.8)	1.3	-	-	3.7	#DIV/o! 3.7	#DIV/0!	-	(2.5)	#Div/o1
										-	-		(170
5)	170
5	
Eli-	Fair Value income	Rhythms FV - reclass	-	-	-	-	-	-	-				.	.	
EElimc	Other Pnnfnlio Related	Rhythms hedge =on - reclass	-	-	-	-	-	-	-	-	-		(10.5)	10.5	
			-	-	-	-	-	-	-	-	-		(14'0)	14.0	
Ellme	Other Portli,lin Related	Dom Rep write-off				-	-	-	-	-	-		(11.8)	11.8	
Elim<	Other Poel,lie Related	Reelass EGF Flash to actual	-	-	-					-	-		9
2	(9
2)	
Eli-	Other Poel'nlio Related	Condor equity earnings	-	-	-	-	-	-	-				.	.	
Slime	Other Portfolio Related	Peregrine recless	-	-	-	-	-	-	-	-	-		(2.4)	2.4	
Elime	Other Portfolio Reated	Reel- ECI comp expense			-			-		-			(66.0)	66.0	
		Elims	- - - -				-	-			#DIV/0!	#DIV/0!	(266.0)	266.0	-100%
		Income-Merchant Invest	(12.9)	(12.9)	462.3	122.9	171.0	18.6	149.8	(162.7)	-109% (162.7)	-to9%	356.7	105.6	30%

Buckets 2001111. 1Q01

  EC06419BO101166
  4/16/2001. 7,0() PM

EXH066-00395


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Page 16 of 46
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Enron Corp.
Wholesale Buckets

  Subcategory

NA Sclldnwns/Sale..
NA Sclldnwns/Selcs
NA Sclldovns/Soles
NA Sclldnwns/Soles
NA SONnwns/Sole.
NA SeIlJnwns/Bola
NA SeIlJnwns/Sale.
NA SeIlJnwns/Soles
FCd' Sclldnwns/Soles
PS/F Sclldnwns/Sales
ta1R Sclldoavna/.Sides
I/UR Sclldnwns/Sales
LUR Sclldowns/Sxlcs
OUR Sclldowns/SuIcs
FUR Sclldnwns/Sales
FUR SeIlJnwns/Sales
FUR Sclldnwns/Sales
I:UR SeIlJnwns/Soles
SA Selldnwnse/Soles
SA Sclldnwns/Sulec
India Selldowns/Sales
CAI-Mr. ScIldowns/Salos
CAI.MI: Sclldnwns/Sales
CALMF ScI(dnwnn/Sslcs
APACl! SoilJmvns/Soles
APACIII ScIlJmvnsBulcs
Iil I IQ Sclldnwns/Salsa
  SeIlJnwns/Soles
F.1 [IQ
Iil SeIlJnwns/Soles
ld:&CC Sclldnwns/Soles
IiF&CC ScIlJnsvnc/Sale.
FIi&CC Scldnwns/Sales
Iili&CC Sclldnwns/Sales
i:;ll&CC Sclldosvns/Soles
I:I1&CC .4clldmvns/Soles
FF&CC SeIlJnwns/Solos

  8 Solo 2001 nls. IalI
EXH066-00396

Description

Bammel Looper (125)
Copel Share monetiration
Powder River (125)
Pittsburg Power Plant
Project Rock (125)
Wind River(125)
Project 20/20
Hanover Compressor Sale
  NA
Poland
Project Cochise (planes)
  EGF
Bitterfcld
ETOL (125)
Margaux 11 (125)
Poland
Riverside 5 (125)
Sutton Bridge 3 (125)
Sutton Bridge 4 (125)
Expenses

2001 6 Quarter	2000 6 Quarter		01-00 Comparison	00-99 com arison
		YTD	IQ	
Year 4Q 3Q 2Q	IQ Year 4Q 3Q 2Q IQ	Incr Decr	Incr (Deer)	99 Year Incr (Decr)
				
-	-	-	-	10.0 (10.0)
1.5	1.5	1.5	1.5	_ _
		-	-	16.6 (16.6)
				27.0 (27.0)
				27.4 (27.4)
				16.9 (16.9)
	79.0 - 79.0 -	- -	-	- 79.0
	-		-	1.2 (1.2)
1.5 - - -	1.5 79.0 79.0	1.5	NDIV/01 1.5 NDIV/01	99.1 (20.1) -20%
		-	-	7.8 (7.8)
				
				7.8 (7.8)
				4.8 (4.8)
	108.1 108.1			- 108.1
(2.9)	(2.9) 36.8 36.8 - -	- (2.9)	(2.9)	- 36.8
	- -			7.5 (7.5)
	-			2.0 (2.0)
	8.7 - - 8.7			- 8.7
	- _ _ -			39.0 (39.0)

EUR (2.9)	- (2.9) 153.6 144.9	-	8.7	-	(2.9)	9DIV/01 (2.9)	NDIV/01	53.3	100.3	188%
Cuiaba -	- - -	-	-	-	-	-		(1.6)	1.6	
Expenses	- -								'	
EGA			-		-	NDIV/0!	NDIV/0!	(1.6)	1.6	-100%
										
EGA		-	-			NDIV/0! -	NDIV/0!			NDIV/01
Eco Electrica -	- 0.3 -	-	-	0.3	(0.3)	(0.3)		-	0.3	
Haina -	- 10.7 -	5.3	5.4	-	-	-		-	10.7	
Expenses	-		-					'		
EGA -	ILO	5.3	5.4	0.3	(0.3)	-10o% (0.3)	-100%		11.0	NDIV/0!
Guam (125) -	- -	-	-	-	-	-		14.0	(14.0)	
Expenses	-					-				
EGA - -	- -	-			-	NDIV/0! -	NDIV/0!	14.0	(14.0)	-100%
Guam -	- -	-	-	-	-	-		0.5	(0.5)	
Italy/Turkey (125) -	- -	-	-	-	-	-		89.0	(89.0)	
Expenses	-							-		
El -	- - - -		-	-	-	NDIV/0! -	NDIV/0!	89.5	(89.5)	-100%
Poland -	1.3 -	-	-	1.3	(1.3)	(1.3)		-	1.3	
India Phase II -	3.2 -	-	-	3.2	(3.2)	(3.2)		-	3.2	
Puerto Rico -	0.8 -	-	-	0.8	(0.8)	(0.8)		-	0.8	
Guam -	- -	-	-	-	-	-		4.0	(4.0)	
Italy/Turkev(125) -	- -	-	-	-	-	-		12.8	(12.8)	
Sutton Bridge (def constr rev) -	- -	-	-	-	-	-		11.7	(((.7)	
Teesside (def con str rev) -	- -	-	-	-	-	-		3.4	(3.4)	
EE&CC -	- 5.3		-	5.3	(5.3)	-100% (5.3)	-100%	31.9	(26.6)	-83%
Gains on sales (incl 125s) (1.4)	- (1.4) 248.9 144.9	84.3	14.1	5.6	(7.0)	.125% (7.0)	-125%	294.0	(45.1)	-t5 %

  ECO6419BO101167

/~ 4/1612001, 7:(x) PM


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Page 17 of 46
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Enron Corp.														
Wholesale Buckets														
		20016 Quarter			2000 6 Quarter		7-71	1	01-00 Comparison		00-99 comparison	
									YTD	IQ				
Subcategory	Description	Year 4Q 3Q 2Q	IQ	Year	4Q	3Q	2Q	IQ	Incr (Decr)	Incr (Deer)		99 Year	Incr (Decr)	
ASSET OPERATIONS
EGI Op-lions	
IEDI Mgmt Fee	
5.1	
5.1	
21.9	
6.6	
5.1	
5.1	
5.1	
-	
-		
20.0	
1.9	
EOF Oponriom	Other									'				
	EGF	5.1 - -	5.1	21.9	6.6	5.1	5.1	5.1	-	0%	0%	20.0	1.9	9%
EIM Operations	Operations	8.8	8.8	-	-	-	-	-	8.8	8.8			-	
Elm Operations expense	Expenses	(0.1)	(0.1)	-	-	-	-	-	(0.1)	(0.1)			'	
	EIM	8.7 - -	8.7	-	-	-	-	-	8.7	#DIV/0! 8.7	ODIV/0!		-	#DIV/0!
HIM operations	Operations	(0.8)	(0.8)	4.3	4.3	-	-	-	(0.8)	(0.8)		-	4.3	
EGM Operations expense	Expenses	(3.0)	(3.0)	(4.3)	(4.3)			-	(3.0)	(3.0)		-	(4.3)	
	EGM	(3.8) - -	(3.8)	-	-		-	-	(3.8)	4DIV/0! (3.8)	#DIV/0!			#DIV/0!
rue op-l"'.	Assets	7.9	7.9	33.8	7.5	16.6	7.0	2.7	5.2	5.2		(3.0)	36.8	
El1R open,tinns	Enrici	(9.0)	(9.0)	(23.5)	(6.6)	(5.4)	(7.4)	(4.1)	(4.9)	(4.9)		(9.5)	(14.0)	
EUR Op-I...	Equity Earnings	2.3	2.3	18.4	5.4	4.5	1.5	7.0	(4.7)	(4.7)		18.6	(0.2)	
EUR operations	Management Fees	3.0	3.0	10.3	3.7	2.6	1.8	2.2	0.8	0.8		10.7	(0.4)	
FUR Operations	Expenses	(5.3)	(5.3)	(80.8)	(30.4)	(22.6)	(15.0)	(12.8)	7.5	7.5		(50.3)	(30.5)	
	EUR	(I.1) -	(1.1)	(41.8)	(20.4)	(4.3)	(12.1)	(5.0)	3.9	-78% 3.9	-78%	(33.5)	(8.3)	25%
sA Opentionn	Elektro IBIT	31.8	31.8	123.8	42.3	21.7	23.6	36.2	(4.4)	(4.4)		110.6	13.2	
sA Op-Anne	Vengas	-	-	22.8	22.8	-	-	-	-	-		-	22.8	
SA Opentsoee	Operations	(2.3)	(2.3)	32.7	16.3	3.2	5.7	7.5	(9.8)	(9.8)		22.2	10.5	
SA Operations	Equity Earnings-TGS/CIESA	9.2	9.2	37.6	10.6	8.8	6.0	12.2	(3.0)	(3.0)		31.8	5.8	
SA Op-u-	Equity Eamings-Transredes	(0.2)	(0.2)	(10.4)	(9.1)	(1.3)	-	-	(0.2)	(0.2)		13.4	(23.8)	
sA Operseone	Equity Earnings-Other	(0.3)	(0.3)	3.3	(2.5)	2.8	1.0	2.0	(2.3)	(2.3)		3.4	(0.1)	
SA opertions	Equity Earnings-CEG/Rio/Gaspan	3.6	3.6	14.8	4.5	7.1	3.2	-	3.6	3.6		(1.5)	16.3	
SA Opererionsespense	Expenses	(15.7)	(15.7)	(106.1)	(58.1)	(14.8)	(I7.0)	(16.2)	0.5	0.5		(4.8)	(101.3)	
	EGA	26.1 - -	26.1	118.5	26.8	27.5	22.5	41.7	(15.6)	-37% (15.6)	-37%	175.1	(56.6)	-32%
Indic openeiene	Operations	(1.2)	(1.2)	11.4	1.5	1.9	6.0	2.0	(3.2)	(3.2)		7.0	4.4	
India operations	Equity Eamings-Dabhol l	15.1	15.1	51.3	15.4	15.1	4.4	16.4	(1.3)	(1.3)		30,0	21.3	
India Operations expense	Expenses	(9.8)	(9.8)	(9.7)	(2.0)	(2.0)	(3.1)	(2.6)	(7.2)	(7.2)		(12.3)	2.6	
	EGA	4.1 -	4.1	53.0	14.9	15.0	7.3	15.8	(11.7)	-74% (11.7)	-74%	24.7	28.3	115%
CAI..ME Operations	Vcngas	5.6	5,6	28.9	1.9	8.9	9.7	8.4	(2.8)	(2.8)		-	28.9	
CA1.ME Operations	Bahia Las Minas	3.8	3.8	9.5	4.5	0.6	1.5	2.9	0.9	0.9		-	9.5	
CAI-ME Operations	Promigas	3.1	3.1	-	-	-	-	-	3.1	3.1		-	-	
CAI.ME Operaions	SECLP	3.9	3.9	2.0	-	-	-	2.0	1.9	1.9		-	2.0	
CALMF. Opentiens	Operations-Other	(5.1)	(5.1)	2.3	(5.0)	3.1	3.5	0.7	(5.8)	(5.8)		46.1	(43.8)	
CALME operations	Equity Earnings-Other	(0.7)	(0.7)	14.1	(1.5)	5.8	4.5	5.3	(6.0)	(6.0)		(1.2)	15.3	
CALMI! Opurnlion.	Equity Earnings-EcoElcctrica	5.5	5.5	22.6	(0.5)	2.3	(1.1)	21.9	(16.4)	(16.4)		-	22.6	
CALMIi Open6nos	Equity Earnings-Ccntragas	1.4	1.4	3.6	-	1.4	1.3	0.9	0.5	0.5		7.9	(4.3)	
CALMI: Opentionsexpense .	Expenses	(5.3)	(5.3)	(31.7)	(13.8)	(3.8)	(3.5)	(10.6)	5.3	5.3		2.6	(34.3)	
	EGA	12.2	12.2	51.3	(14.4)	18.3	15.9	31.5	(19.3)	-61% (19.3)	-61%	55.4	(4.1)	-7%
APACIII operations	Batangas Power	5.1	5.1	44.5	10.1	11.4	11.5	I L5	(6.4)	(6.4)		10.8	33.7	
APACIII Operations	Hainan	-	-	10.9	-	(0.1)	3.1	7.9	(7.9)	(7.9)		7.5	3.4	
APACUI Op-u-.,	Sichuan haling	6,5	6.5	36.9	17.9	11.8	7.2	-	6.5	6.5		-	36.9	
APACIII Op-d-.	Other	(1.8)	(1.8)	3.6	2.1	0.6	(I.1)	2.0	(3.8)	(3.8)		(3.7)	7.3	
APACIII Opertions	Equity Earnings-Other	1.3	1.3	4.8	1.4	0.5	1.8	1.1	0.2	0.2		4.9	(0.1)	
APACIII Operaions	Equity Earnings-SK Enron	12.0	12.0	23.1	6.6	0.6	3.4	12.5	(0.5)	(0.5)		11.7	11.4	
APACIII Op-no-	Expenses	(8.4)	(8.4)	(110.3)	(17.2)	(25.5)	(28.8)	(38.8)	30.4	30.4		(18.0)	(92.3)	
	EGA	14,7 -	14.7	13.5	20.9	(0.7)	(2.9)	(3.8)	18.5	-487% 18.5	-487%	13.2	0.3	2%
EI openions	Other	-	-	(24.8)	(16.3)	(3.6)	0.2	(5.1)	5.1	5.1		(52.4)	27.6	
Iq Op-'.ms	Equity Earnings	-	-	-	-	-	-	-	-	-		13.2	(13.2)	
EI I IQ Operations	Write-off Hainan excess development costs	-	-	(15.7)	-	-	(15.7)	-	-	-		-	(15.7)	
El IQ Orysmiens	San Juan	(3.5)	(3.5)	(5.0)		(1.9)	(0.8)	(2.3)	(1.2)	(1.2)		(8.9)	3.9	
	El	(3.5) -	(3.5)	(45.5)	(16.3)	(5.5)	(16.3)	(7.4)	3.9	-53% 3.9	-53%	(48.1)	2.6	-5%
t4;IiP opereons	E&P operations	38.1	38.1	141.6	40.3	30.0	37.4	33.9	4.2	4.2		41.2	100.4	
FGttP Op-al-	Expenses	(22.6)	(22.6)	(84.4)	(3.5)	(20.8)	(30.3)	(29.8)	7.2	7.2		(26.7)	(57.7)	
	EGEP	15.5 -	15.5	57.2	36.8	9.2	7.1	4.1	11.4	278% 11.4	278%	14.5	42.7	294%

13uckcts 2001.xIs. IQ01



ECO6419BO101168 4/1612001.7:00 PM

EXH066-00397


=============
Page 18 of 46
=============

	Enron Corp.															
	Wholesale Buckets															
			2001 6 Quarter			2000 6 Quarter				01-00 Comparison		00-99 comparison	
										YTD		IQ				
	Subcategory	Description	Year 4Q 3Q 2Q	IQ	Year	4Q	3Q	2Q	IQ	Iner (Decr)		lncr (Deer)		99 Year	Incr (Decr)	
ECI	Operations	Dark fiber & software sales	-		-	-	-	-	-	-		-		140.0	(140.0)	
GCI	Operations	Equity earnings	-		-	-	-	-	-	-		-		2.5	(2.5)	
GCI	oporationn	Expenses												(109.4)	109.4	
		ECI									#DIV/0!		#DIV/0!	33.1	(33.1)	-100%
Uinss	Operations	COS adjustment												
1	
t	
		Elims	- -		-		-				#DIV/0!	-	#DIV/0!	(10.0)	10.0	-100%
		Asset Operations	78.0	78.0	228.1	54.9	64.6	26.6	82.0	(4.0)	-5%	(4.0)	-5%	244.4	(16.3)	.7%
	DEVELOPMENT & CONSTRUCTION														
SA	Dcv & Cony	Dcv fees	-	-	-	-	-	-	-	-		-		-	-	
SA	I)vv & Corns	Expenses	-	-	(19.6)	(8.2)	(3.2)	(4.7)	(3.5)	3.5		3.5		(37.2)	17.6	
SA	Don & C- t	Interest income				-	-					-			-	
		EGA	- -	-	(19.6)	(8.2)	(3.2)	(4.7)	(3.5)	3.5	-100%	3.5	-100%	(37.2)	17.6	-47%
India	Den & Const	Dcv fees	-	-	-	-	-	-	-	-		-		-		
India	Dev&Cotnt	Expenses			(46.6)	(22.1)	(8.4)	(11.7)	(4.4)	4.4		4.4		
(9.7)	
(36.9)	
		EGA	-	-	(46.6)	(22.1)	(8.4)	(11.7)	(4.4)	4.4	-100%	4.4	-100%	(9.7)	(36,9)	380%
CAI-Mr	Dcv&Const	De, fees	-	-	3.7	-	-	2.6	1.1	(I I)		(1.1)		6.3	(2.6)	
CALMI..	Dcv&Const	Expenses	(6.7)	(6.7)	(29.2)	-	(10.5)	(10.3)	(8.4)	1.7		1.7		
(13.9)	
(15.3)	
CALMS	Dec & Cnna	Interest income		-	-	-	-	-	-	-		-		3.2	(3.2)	
CALMIi	Dcc & Cony	Other fees	-	-	-	-		-	-	-		-		3.3	(3.3)	
		EGA	(6.7)	(6.7)	(25.5)		(10.5)	(7.7)	(7.3)	0.6	.8%	0.6	-8%	(1.1)	(24.4)	2218%
A'ACI II	Dev & Cnmt	Dev fees	(5.9)	(5.9)	-	-	-	-	-	(5.9)		(5.9)		-	-	
APACIII	I3ev & Const	Expenses														
		EGA	(5.9)	(5.9)	-	-	-	-	-	(5,9)	#DIV/0!					
111	Dev & Const	Interest income														
1:1	Dev & Const	Dcv exp (start-up costs write-ff)	-		-	-	-	-	-	-		-		(8.2)	8.2	
Ill	Dcv & Cony	Expenses (inel HQ allot)	-		-	-			-					(41.4)	41.4	
		El	- -	-	-	-	-	-	-	-	#DIV/0!		#DIV/0!	(49.6)	49.6	-100%
EE&CC	Dcv & Censt	Accrovcn - EE&CC	0.5	0.5	13.8	2.5	5.2	2.7	3.4	(2.9)		(2.9)		6.2	7.6	
EUCC	Dcv&Cona	Cuiaba-EE&CC	-	-	0.5	0.2	(1.4)	1.1	0.6	(0,6)		(0.6)		4.9	(4.4)	
EG&CC	Dev&Censt	Demar-EE&CC	-	-	0,2	(0.6)	0.8	-	-	-		-		4.6	(4.4)	
EE&CC	Ikv & Const	Guam - EE&CC	-	-	-	-	-	_						1.9	(1.9)	
11r:&CC	Dev & Cone	India phase 11- EE&CC	1.8	1.8	10.7	2.9	0.8	3.2	3.8	(2.0)		(2.0)		-	10.7	a
RE&CC	Dcv & Comt	Ncpco - Lagos - EUCC	1.4	1.4	2.7	2.7	-	-	-	1.4		1.4		-	2.7	sr
T
EE&CC	Ixv & Cony	Ncpco  Other  EUCC	0.7	0.7	15.4	5.4	3.4	6.4	OZ	0.5		0.5		13.5	1.9	C
EE&CC	Dc, & Consl	Ncpco - Goldendale Fee Peakers - EE&CC	-		4.0	4.0	-	-	-	-		-			4,0	
ER&CC	Dev&Cuna	Nepco-Green County -EE&CC	-	-	8.4	2.7	2.0	2.6	1.1	(1.1)		(1.I)			8
4	9
EE&CC	Dcv & Cony	Nepco - Panda - EE&CC	15.7	15.7	-	-	-	-	-	15.7		15.7		-	.
-	
rat&CC	Dcv & Conrl	Nepco - 2000 Peakers - EE&CC	(4.9)	(4.9)	9.2	9.2	-	-	-	(4.9)		(4.9)		-	9.2	
Mir
CG
EUCC	Dcv & Const	Other - EE&CC	-	-	(
)	
(4.9)	
(4.
)	
6.2	
20	)
(2.0		(2.0)		9.0	(10.6)	V
1111&CC	Den &Cona	Poland-EE&CC	-	-	Q2		I. 1
(
)	1
1
.3		-		-		2.3	(2.1)	 . .
IT CC	Dcv&Conel	Puerto Rico -EE&CC	(5.0)	(5.0)	(28.4)	(6.4)	(3.6)	(5.4)	(13.0)	8.0		8.0		1.3	(29.7)	
11 &CC	Dcv & Conel	Sutton Bridge - EE&CC	-	-	8.0	1.2	5.6	1.2	-	-		-		5.3	2.7	
1111.&CC	Dev&Con..t	Turkey (constr)-EE&CC	(2.1)	(2.1)	(1.9)	(1.9)	-	-	-	(2.1)		(2.1)		(0.3)	(1.6)	
EUCC	I)cv & Cony	Westinghouse settlement -EE&CC					-			-				3.0	(3.0)	
		EE&CC	8.1 - -	8.1	41.2	17.0	6.8	19.3	1.9	10.0	-526%	10.0	-526%	51.7	(10.5)	-20%
		Development & Construction	(4.5) -	(4.5)	(50.5)	(13.3)	(15.3)	(4.8)	(17.1)	12.6	-74%	12.6	-74%	(45.9)	(4.6)	10%
		TOTAL ASSETS & INVESTMENTS	59.2	59.2	888.8	309.4	304.6	54.5	220.3	(161.1)	.73% (161.1)	-73%	849.2	39.6	5%
NA		Unallocated Expenses-NA	(42.7)	(42.7)	(170.6)	(27.5)	(63.0)	(47.4)	(32.7)	(10.0)		(10.0)		(125.2)	(45.4)	
NA		Unallocated Expenses -SA	(5.2)	(5.2						
(5.2)		
(5.2)				
EIM		Unallocated Expenses - EIM	(21.1)	(21.1)	-	-	-	-	-	
(21.1)		
(21.1)		-	-	
EGM		Unallocated Expenses - EGM	(6.2)	(6.2)	(16.1)	(16.1)	-	-	-	(6.2)		(6.2)		-	(16.1)	
FUR		Unallocated Expenses-EUR	(14.3)	(14.3)	(71.9)	(25.6	
(141)	
(12.6)	
(14,6)	
0.3		
0.3		
(35.6)	
(36.3)	
		TOTAL UNALLOCATED	(89.5) -	(89.5)	(258.6)	(69.2)	(82.1)	(60.0	
(47.3)	
(42.2)	
89% (42.2)	
89%	
(160.8)	
(97,8)	
61%
		TOTAL WHOLESALE	754.8 - -	754.8	2,251.8	778.1	630.0	414.9	428.8	326.0	76%	326.0	76%	1,298.4	953.4	73%
	13ucl:cls 2001.a6. 1Q01					/									
4/16/200I, 7:W PM	

EXH066-00398


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Page 19 of 46
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	Enron Corp.											
	Wholesale Buckets											
		2001 b Quarter			2000 6 Quarter				01-00 Comparison	00-99 coo arison
									YTD	IQ		
	Subcategory Description	Year 4Q 3Q 2Q	IQ	Year	4Q	3Q	2Q	IQ	Incr (Decr)	Incr (Decr)	99 Year	Incr (Decr)
	JAI GAS ORIGINATIONS - NA											
NA	Origination. (Commodity) APEA	-	-	-	-	-		-	-	-	5.0	(5.0)
NA	Origination (Commodity) BPA	-	-	-	-	-	-	-	-	-	7.0	(7.0)
NA	Odginutinnr (Commodity) Canada	-	-	20.4	5.7	4.6	3.8	6.3	(6.3)	(6.3)	11.7	8.7
NA	Originetions (Commodity) Entex	-	-	-	-	-	-	-	-	-	10.1	(10.1)
NA	Origination.. (Commodity) Ft. James	-	-	-	-	-	-	-	-	-	1.1	(1. 1)
NA	origination.. (Commodty) FP&L	-	-	-	-	-	-	-	-	-	8.3	(8.3)
NA	Origination, (Commodity) FX loss	(10.4)	(10.4)	-	-	-	-	-	(10.4)	(10.4)	-	-
NA	Originctions(Cnmmndity) HPL	8.5	8.S	-	-	-	-	-	8.5	8.5	-	-
NA	Or ginotion, (Commodity) Mugs	2.4	2.4	-		-	-	-	2.4	2.4	-	-
NA	Origination, (Coo nod t9 Other Originations	2.7	2.7	19.5	9.4	4.0	3.6	2.5	0.2	0.2	15.5	4.0
NA	Orlgimdtnns (Commodity) Palm Springs/S. San Francisco	-	-	-	-	-	-	-	-	-	8.0	(8.0)
NA	Origination, (Commodity) Peoples	-	-	-	-	-	-	-		-	14.0	(14.0)
NA	Origmminns (Commodity) Pilkington	1.0	1.0	-	-	-	-	-	1.0	1.0	-	
NA	Ongination, (Commodity) Qualituch	-		-	-		-	-	-	-	6.9	(6.9)
NA	Origintion (Commodity) Walton EMC	-	-	-	-	-	-	-	-		7.9	(7.9)
NA	Origination (Commodity) Wilton Center			-					-		8.5	(8.5)
	NA	4.2 - -	4.2	39.9	15.1	8.6	7.4	8.8	(4.6)	(4.6)	104.0	(64.1)
	JBI POWER ORIGINATIONS - NA											
NA	origination (commodity) Alberta Power PPA	25.0	25.0	-	-	-	-	-	25.0	25.0	-	-
NA	Origination (Conanodity) Cactus	-	-	-	-	-	-	-	-	-	5.5	(5.5)
NA	Origination. (Commodity) Doyle distributable cash	1.3	1.3	-	-	-	-	-	1.3	1.3	-	-
NA	origination, (Commodity) Central Maine Power	3.0	3.0	-	-	-	-	-	3.0	3.0	-	-
NA	Orlginminns(Commodity) Genco	-	-	31.6	-	-	10.5	21.1	(21.1)	(21.1)	40.6	(9.0)
NA	Origination (Commodity) Gcnco-Peakers Transaction	-	-	-	-	-	-	-	-	-	49.0	(49.0)
NA	Origination (Commodity) Intcrgen	3.5	3.5	-	-	-	-	-	3.5	3.5	-	
NA	Origination (Commodity) Nstar	5.0	5.0	-	-	-	-	-	5.0	5.0	-	-
NA	Origination (Commodity) Other Originations	4.9	4.9	18.2	8.6	8.0	-	1.6	3.3	3.3	-	18.2
NA	Onginunn, (Commodity) Peak- sale	225.3	225.3	-	-	-	-	-	225.3	225.3	-	-
NA	OriginGon, (Commodity) United Illuminating			-							30.0	(30.0)
	NA	268.0 -	268.0	49.8	8.6	8.0	10.5	22.7	245.3	245.3	125.1	(75.3)
	ICI POWER ORIGINATIONS - EUR											
CUR	Originations(Cnmmodily) Eastern Transportation	-	-	-	-	-	-		-	-	96.3	(96.3)
FUR	Ongintions (Commodity) Other Origination	-	-	-	-	-	-	-	-	-	-	-
EttR	Orgination Espcna Expenses										(30.2)	30.2
	EUR										66.1	(66.1)

  Bockms200l A, lQDl , ~ ECO6419BO101170 "1`/2001.''00 PM
EXH066-00399


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Page 20 of 46
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Enron Corp.
Wholesale Buckets

Subcateaorv	Description
ID] FAIR VALUE INCOME - NA
NA Fair Value income	Active Power
NA Fair Vrluc income	.Alamac Cogeneration FV
NA Fair Value income	American Coal
NA Fair Value income	Black Mountain FV
NA Fair Value income	Bonne Terre
NA Fair value in-me	Brigham
NA Fair Value incnmc	Canada FV
NA Fair Value incnmc	Canfibre Riverside IPC
NA Fair Value incnmc	Carizzo FV
NA Fair Value income	Catalytica FV
NA Fair Value income	City Forest FV
NA Fair Value income	Costilla FV
NA Fair Value income	Cypress Enpl FV
NA Pair value income	East Coast Power FV
NA Fair Value income	Ecogas FV
NA Fair Value incnmc	First World FV
NA Fair Value income	H=over Compressor FV
NA Fair Value income	Heartland Steel FV
NA Fair Value income	Hedge Performance FV
NA Fair Value income	Hedge Performance FV (Raptor)
NA Fvlr VaI, income	Hughes Raevles
NA Fair Value income	HV Marine
NA Fair Value income	Kafus FV
NA Fair Vahre income	Linder Oil
NA Fair Value income	Mariner FV
NA Pair Value income	Merlin
NA Fair Value income	NSM FV
NA Pair Value men-	Oconto Falls FV
NA Fair Value vrurme	Other - FV
NA Fair Value income	Papier Masson FV
NA Fair Value incnmc	Qualiteeh FV
NA Fair Value income	Quanta FV
NA Fair Value income	Reeon/Kafss FV
NA Fair Value income	Structured credit FV
NA Fair Value income	Venoco FV
	NA

  IEI FAIR VALUE INCOME - El
It Fair Value income NSM FV

Docker. 2(IO l,n lr. I Q0I

2001 b Quarter	
7~	
F-	

2000 b Quarter				

01-00 Comparison	

00-99 coin arison
						YTD	IQ	
Year 4Q 3Q 2Q	IQ	Year	4Q 3Q	2Q	IQ	Incr (Deer)	Incr (Deer)	99 Year Iner (Deer)
-	-	60.9	- 60.9	-	-	-	-	- 60.9
7.3	7.3	-	- -	-	-	7.3	7.3	- -
_	-	(3.7)	- (3.7)	-	-	-	-	- (3.7)
								7.3 (7.3)
		(2.6)	- (2.6)	-	-	-	-	- (2.6)
		(5.5)	- (5.5)	-	-	-	-	- (5.5)
		2.3	- 1.4	0.9	-	-	-	(1.6) 3.9
		(42.8)	- (37.8)		(5.0)	5.0	5.0	(2.2) (40.6)
-	-	0.1	- -	0.1	-	-	-	(5.6) 5.7
4.9	4.9	69.8	- 69.8	-	-	4.9	4.9	16.5 53.3
		(1.0)		(1.0)				(1.0)
								(8.0) 8.0
								(5.0) 5.0
								4.4 (4.4)
		(37.4)	- (37.9)	0.5	-	-	-	10.8 (48.2)
		(21.6)	- (20.8)	(29.6)	28.8	(28.8)	(28.8)	96.8 (118.4)
(5.1)	(5.1)	-	- -	-	-	(5.1)	(5.1)	- -
(42.9)	(42.9)	(9.1)	- (4.8)	(4.3)	-	(42.9)	(42.9)	6.7 (15.8)
(2.1)	(2.1)	(17.1)	- (I.1)	(2.0)	(14.0)	11.9	11.9	(105.9) 88.8
111.2	111.2	-	- -	-	-	111.2	111-2	
- -
	-	(5.6)	- -	(5.6)	-	-	-	- (5.6)
		11.7	- 10.2	1.5	-	-	-	- 11.7
		(118.0)	- (65.9)	(28.7)	(23.4)	23.4	23.4	47.8 (165.8)
		1.2	- -	1.2	-	-	-	- 1.2
		(0.2)	- (2.5)	2.3	-	-	-	14.7 (14.9)
		(15.8)	- (5.5)	(10.3)	-	-	-	- (15.8)
								(10.6) 10.6
-	-	(6.7)	- (6.7)		-	-	-	(2.7) (4.0)
(0.8)	(0.8)	6.2	- 3.3	3.1	(0.2)	(0.6)	(0.6)	(1.2) 7.4
0.4	0.4	(2.8)	- (3.8)	1.0	-	0.4	0.4	10.3 (13.1)
							-	(67.7) 67.7
		25.6	- -	-	25.6	(25.6)	(25.6)	5.4 20.2
		-			-	_	_	(4.8) 4.8
		-						(7.8) 7.8
		14.6	13.8	0.8				1.2 13.4
72.9	72.9	(97.5)	(39.2)	(70.1)	11.8	61.1	61.1	(1.2) (96.3)

  (4.4) 4.4
(4.4) 4.4

El



E C 06419 B O 101171 4116 1011.7:00 PM

EXH066-00400


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Page 21 of 46
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Enron Corp
Enron Transportation Services (EGPG4)
Detailed Variation Analysis
1st Quarter

  First Quarter
  2001 2000 Incr (Decry

Revenues			
NNG	175.0	165.8	9.2 A
TW	58.6	39.3	19.3 8
Other Ops	11.9	0.8	11.1 C
	245.5	205.9	39.6
Cost of Sales			
NNG	2.7	0.8	1.9 D
TW	-	4.0	(4.0)
Other Ops		-	-
	2.7	4.8	(2.1)
Gross Margin			
NNG	172.3	165.0	7.3
TW	58.6	35.3	23.3
Other P/L Ops	11.9	0.8	11.1
	242.8	201.1	41.7

Operating Expenses incl taxes			
NNG	65.2	53.6	11.6 E
TW	25.5	8.7	16.8 F
EOTT	-	0.2	(0.2)
Other Ops	16.0	2.6	13.4 G
NNG - depreciation	11.6	11.1	0.5
TW - depreciation	4.8	4.8	-
Other Ops - depreciation	0.3		0.3
	123.4	81.0	42.4
Operating Income	119.4	120.1	(0.7)
Equity Earnings			
NNG (Trailblazer, Overthrust)	1.2	0.9	0.3
Citrus	8.1	6.5	1.6
Northern Border	1.8	1.7	0.1
EOTT	2.4	(2.1)	4.5 H
Other			
TOTAL	13.5	7.0	6.5
Gains on Sales			
NNG (Overthrust/Kingman Land/Zavala)	-	-	-
NNG (Tejas/Champlin)	-	-	-
NNG (Seagull'00)	-	-	-
TW (Burton Flats)	(0.1)	-	(0.1)
Trailblazer Monetization	-	-	-
Customer County Assets		-	-
Other			
	(0.1)		(0.1)

Other Income			
Interest Income	0.1	0.3	(0.2)
TW speculative deal-FAS 133 adoption	0.1	-	0.1
NNG speculative deal-FAS133 adoption	0.6	-	0.6
NNG CIAC grossup	0.1	-	0.1
NP (Reimb. Of Transcanada Payment)	-	-	-
NNG Overthrust 2000	-	0.9	(0.9)
NNG Conoco 2000	-	-	-
ENA swap 2000	-	-	-
NNG ( Cooper Cameron inventory sale)	-	-	-
Other	(0.4)		(0.4)
TOTAL	0.5	1.2	(0.7)
I61T	133.3	128.3	5.0
NNG	97.4	102.1	(4.7)
TW	28.3	21.3	7.0
Citrus	8.2	6.5	1.7
EOTT	2.1	(1.9)	4.0
Other Ops	(2.7)	(0.2)	(2.5)
TOTAL [BIT	133.3	127.8	5.5
Interest Expense			
Int on 3rd party debt	9.4	10.5	(1.1)
Other trade interest	-	-	-
Capitalized interest		(0.1)	0.1
Int exp- trade	9.4	10.4	(1.0)
Interco interest (inc)/exp	(11.4)	(30.2)	18.8
	(2.0)	(19.8)	17.8



EC06419BO101172

EXH066-00401


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Page 22 of 46
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A Increase due to higher transportation rates and entitlement units, partially offset by rate case adjustment recorded in 2000.
B Increase due to higher sales volumes and prices as well as increased transportation volumes.
C Increase due to revenues earned on services provided to EOTT and Mont Belvieu Storage (co 1AI) now in ETS rollup from Clean Fuels.
P Increase due to increase in gas prices.
E Increase due to higher SBA (system balancing agreement) expense, pipeline refunds in 2000 and timing of O&M expense.
F Increase due to higher gas sales, partially offset by net over-retention.
G Increase due to costs associated with services provided to EOTT and bonus expense of $1.5mm, consulting fees of $1.0mm and ex-pat deferred bonus payment of $1.2mm.
H EOTT MLP



ECO6419BO101173

EXH066-00402


=============
Page 23 of 46
=============

Enron Corp
Portland General (PGE4)
Detailed Variation Analysis
1st Quarter

	First Quarter	
	2001	2000 1 ncr(Decr)
IBIT			
Gross revenues			
PGG Retail & Other	287.0	283.1	3.9
PGG Wholesale	479.9	114.0	365.9
Gross revenues	766.9	397.1	369.8
Cost of sales			
PGG	(581.7)	(202.5)	(379.2)
Other			
Cost of sales	(581.7)	(202.5)	(379.2)
Gross margin	185.2	194.6	(9.4) A
Operating expenses	(50.2)	(59.4)	9.2 B
DD&A (incl fair value)	(51.3)	(46.3)	(5.0) C
Taxes, other	(16.8)	(17.9)	1.1
Equity in earnings of unconsol	-	1.3	(1.3) D
Other income, net			
Customer Choice		31.0	(31.0) E
TOLI	(10.4)	10.7	(21.1) F
BPC stock sale	-	5.7	(5.7)
Stock agreement	-	(11.5)	11.5
Gain on sale of Coyote II	-	-	-
Gain on Seneca Partnership	-	-	-
Trojan valuation	-	-	
NEIL settlement	-	-	-
Centralia valuation	-	-	-
Onieda leasing rental income	2.5	-	2.5
AFUDC equity	1.2	-	1.2
Other	(0.2)	(2.9)	2.7 G
BIT	60.0	105.3	(45.3)
Less reclass of gain on Seneca			
Adjusted IBIT	60.0	105.3	(45.3)
			
			
Interest Expense			

Int on 3rd party debt 18.9 14.5 4.4 H
Other trade interest - 3.3 (3.3) I
Capitalized interest (0.7) (0.6) (0.1)
  Int exp - trade 18.2 17.2 1.0

Interco interest (inc)/exp (6.1) (0.5) (5.6) J
12.1 16.7 (4.6)

A Gross margin decreased due to significantly high cost market combined with lower hydro generation and higher gas prices and $8.8mm trading reserve,
B Decrease due to capitalization of delivery system costs and lower restoration costs of ($6)mm, ($4)mm Corp lower O/H, ($3.8)mm employee benefit costs, and $2.4mm 2000 Colstrip cost of sale provision,
offset by higher energy efficiency expenditures of $ 1.4mm and $5mm non-recurring NEIL refunds.
C Deprec/Amort expense increased $5 mm due to $5mm lower credit amortizations resulting from Sept. 2000 Trojan b/s offset.
D Decrease due to Seneca partnership terminated in 2000
E Decrease due to reversal of purchase accounting reserve for Customer Choice recorded in 2000.
F TOLI loss due to market downturn
G Increase in Other, Net due to non-recurring 2000 Y2K amortization of $2mm and $1 mm AFDC Equity.
H Interest paid on trading deposits $2.6mm, $1.8mm more debt outstanding at higher interest
I Lower commercial paper outstanding compared to 2000
J No current year interest on PGH borrowings from Corp., except interest income on merger obligation (resulting from 9/00 Trojan offset) and Oneida balance outstanding.

aA

EC06419BO101174

EXH066-00403


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Page 24 of 46
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Enron Corp
Retail Energy Services (RETAIL4)
Detailed Variation Analysis
1st Quarter

	First Quarter	
	2001	2000 Incr Decr
BIT			
			
Gross revenues			
Gas sales	249.0	61.9	187.1
Power sales	0.2	-	0.2
MTM	139.3	35.1	104.2
Facilities Services	176.2	133.2	43.0
Outsource & Other	11.8	4.5	7.3
EES Int'l	116.1	78.9	37.2
Investment Earnings		-	-
Total Gross revenues	692.6	313.6	379.0
			
Cost of sales			
Gas	(250.1)	(61.3)	(188.8)
Power	(0.4)	-	(0.4)
Facilities Services	(153.5)	(114.0)	(39.5)
Outsource & Other	(7.2)	(1.8)	(5.4)
EES Int'I	(77.6)	(57.2)	(20.4)
Total cost of sales	(488.8)	(234.3)	(254.5)
Gross margin			
Gas sales	(1.1)	0.6	(1.7)
Power sales	(0.2)	-	(0.2)
MTM	139.3	35.1	104.2 A
Facilities Services	22.7	19.2	3.5
Outsource & Other	4.6	2.7	1.9
EES Int'l	38.5	21.7	16.8 B
Investment Earnings	-		
Total Gross margin	203.8	79.3	124.5
			
Operating expenses	(164.4)	(83.6)	(80.8) C
Deprec & amort	(8.8)	(9.1)	0.3
Taxes, other	(5.4)	(2.6)	(2.8)
Equity in Unconsol. Affiliates	(14.9)	1.9	(16.8) D
Gain on sale of Resco warrants	30.0	20.0	10.0 E
Other income, net	(0.6)	(0.1)	(0.5)
IBIT before Min. Int.	39.7	5.8	33.9
Minority Interest in Omnicron	-	-	-
Minority Interest in EES		0.2	(0.2)
Total recurring IBIT	39.7	6.0	33.7
			
Nonrecurring items (pretax)			
SAB 51 gain on sale of TNPC stock	-	-	-
Write-off EES costs			
Nonrecurring items			-
			
Total IBIT	39.7	6.0	33.7
			
Interest Expense			
			
Int on 3rd party debt	0.1	(0.1)	0.2
Other trade interest	0.3	-	0.3
Capitalized interest	-	(0.1)	0.1
Int exp - trade	0.4	(0.2)	0.6
Interco interest (inc)/exp	1.8	-	1.8
	2.2	(0.2)	2.4

,23

EC06419BO101175

EXH066-00404


=============
Page 25 of 46
=============

A Mark to Market (Gas and Power) gross margin represents origination on deals closed in the quarter. Significant deals closed in 1Q01 include: Quaker Oats $23.6mm, JC Penney $7.6mm, Saks $4.2mm, Verizon $7.5mm,
  Maine Electricity Consumer Cooperative $20.6mm, OCM BOCES $11.2mm, Owens Illinois $7.4mm, Ohio MSG $5.2mm, Pilkington DSM $4.2mm and OCM NYSEG $4,6mm. The remainder of the margin relates to Mass Market Gas $15'.4mm
and other deals totalling $27.5mm.
B Change in Europe's margin reflects an increase of $23mm reflecting the growth in Europe's retail business. This increase is offset by $6mm of ETOL margin included in 1000, versus $0 ETOL margin in 1001. ETOL was transferred to
Wholesale in 4000.
C Operating expense increased as follows: Europe $7mm, EFS $ 5mm, 2000 bonus underaccrual $10mm, IBM IT costs $7mm, commissions $6mm, payroll and other employee-related expenses $20mm, bad debt expense $5mm, legal $4mm and
other Outside Services of $16mm.
D Equity loss in earnings of TNPC was $14.9 mm in 1001. No equity loss was recorded in 1000. $1.9mm in 2000 reflects Europe ETOL equity earnings-
E Gain on sale of TNPC warrants in 1 Q01 represents a larger amount of warrants monetized versus prior year.

asp

ECO641980101176

EXH066-00405


=============
Page 26 of 46
=============

Enron Corp			
Enron Broadband Services (EBS)			
Detailed Variation Analysis			
1st Quarter			
		First Quarter	
	2001	2000	Incr (Decr)
IBIT			
Gross revenues			
Dark fiber sales	0.5	37.5	(37.0) A
Software sales	-	10.0	(10.0) B
Merchant Investments	(5.6)	11.4	(17.0) C
Content Services	58.6	0.2	58.4 D
Contract Originations	3.8	-	3.8 E
Trading	20.1	-	20.1
Other	5.7		5.7
Total Gross revenues	83.1	59.1	24.0

Cost of sales		
Dark fiber sales	(0.1)	(7.8) 7.7
Software sales	-	- -
Merchant Investments	-	- -
Content Services	-	- -
Contract Originations	-	- -
Trading	(26.6)	- (26.6)
Other	(2.2)	(2.2)
Total cost of sales	(28.9)	(7.8) (21.1)

Gross margin			
Dark fiber sales	0.4	29.7	(29.3)
Software sales	-	10.0	(10.0)
Merchant Investments	(5.6)	11.4	(17.0)
Content Services	58.6	0.2	58.4
Contract Originations	3.8	-	3.8
Trading	(6.5)	-	(6.5)
Other	3.5		3.5
Total Gross margin	54,2	51.3	2.9
Operating expenses	(69.6)	(47.0)	(22.6) F
Deprec & amort	(14.0)	(2.9)	(11.1) G
Taxes, other	(8.1)	(2.0)	(6.1) H
Other income, net	2.5	0.3	2.2
IBIT	(35.0)	(0.3)	(34.7)
Interest Ex ense			
Int on 3rd party debt	1.1	-	1.1
Other trade interest	-	-	-
Capitalized interest	(6.7)	-	(6.7)
Int exp - trade	(5.6)	-	(5.6)
Interco interest (inc)/exp	(0.1)	3.0	(3.1)
	(5.7)	3.0	(8.7)

A Fiber routes were essentially complete at year-end.
B Software sale to Inktomi in 2000.
C Decrease due primarily to decline in Avici. Equinix and Mshow investments.
D Monetization of additional portion of Content Services business $58M.
E Global Crossing $2.2M, Compaq $1.6M
F Headcount increased to 970 from 690
G Assets placed in service in last half of 2000
H Increase primarily due to higher payroll taxes (increased headcount) and ad valorem taxes.

.25

EC06419BO101177

EXH066-00406


=============
Page 27 of 46
=============

Corporate Staff and Service Group Analysis		
Corporate Staff & Services Groups - Costs Retained		
(In thousands of dollars, except headcount)			
	Fi	rst Quarter	
2001	2000	Variance
Executive	(11.3)	(5.6)	(5.7)
Legal	(2.9)	(2.2)	(0.7)
Risk Assessment & Controls	0.9	(0.1)	1.0
Accounting	(3.9)	(3.6)	(0.3)
Tax	(4.4)	(2.1)	(2.3)
SAP ISC	(1.9)	(1.9)	-
Strategic Sourcing	(2.0)	(0.4)	(1.6)
Investor Relations	(1.1)	(0.9)	(0.2)
Government Affairs	(3.1)	(0.1)	(3.0)
Public Affairs	(2.2)	(3.6)	1.4
Property Services & Aviation	(1.1)	(1.7)	0.6
Corporate Development	(1.3)	(1.0)	(0.3)
Human Resources	(5.1)	(3.0)	(2.1)
Community Relations	(2.3)	(2.2)	(0.1)
			V
Benefit Plans - $8.4 restricted stock, $7.1 bonus accrual	(30.9)	(13.1)	(17.8) t~
Allocation of stock option charge	-	10.9	(10.9)
Restricted stock hedge loss	(5.6)	-	(5.6)
Amortizations	(16.3)	(14.0)	(2.3)
IT costs - timing of allocations in 2000, moved to ENW in 2001	-	(9.4)	9.4
Interest income	5.2	12.6	(7.4)
EBS costs	(4.7)	-	(4.7)
EREC adjustment	-	-	-
Azurix adjustment	-	(8.0)	8.0
Other	(1.8)	(3.7)	1.9
Total Corporate costs retained	(95.8)	(53.1)	(42.7)
			
Azurix	(31.5)	(6.0)	(25.5)
Structured Transactions	4.8	6.8	(2.0)
EREC	(16.8)	11.9	(28.7)

Clean Fuels

(17.1) (3.3) (13.8)

Enron Investment Partners (1.4) (0.4) (1.0)
Total Corporate & Other - recurring (157.8) (44.1) (113.7)

4116/01 8:04 PM
O:\Corpaate\GPGFin\CORPRPTG\EARNINGS\2001\1Q 01\Vu1Q01 Other.,ds)CORP

ECO6419BO101178

EXH066-00407


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Page 28 of 46
=============

Enron Cor
EREC EREC+ERECMIN
Detailed Variation Analysis
1st Quarter

  First Quarter
  2001 2000 Incr (Decr)

EREC EREC+ERECMIN			
Gross Margin			
Trent Mesa	3.2	-	3.2 A
Montford	3.4	-	3.4 A
German Sub - "Tacke"	(1.0)	7.6	(8.6) B
Lake Benton II	-	3.0	(3.0) A
Other	0.7	2.5	(1.8)
	6.3	13.1	(6.8)
Op Costs & Expenses	(22.5)	(12.9)	(9.6) C
Equity in Unconsol Subs			
Qualified Facility Partnerships	(0.4)	11.9	(12.3) D
Other	(0.1)	-	(0.1)
Other income (excl Min Int)	(0.1)	0.4	(0.5)
IBIT - EREC	(16.8)	12.5	(29.3)
EREC - Minority Interest		0.6	(0.6)
	(16.8)	13.1	(29.9)

A Project gross margin increased due to Trent Mesa and Montford projects in America during 2001 offset by Lake Benton II in 2000.
B Europe gross margin decreased due to lower turbine sales in 2001.
C Operating costs and expense increased primarily due to higher G&A costs in Europe.
D Qualified Facility Partnership income decreased due to 1999 income being recorded in 2000 with no similar activity in 2001 and a build-up of reserves in 2001 due to utilities not paying on energy contracts.

d27

EC06419B0101179

EXH066-00408


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Page 29 of 46
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Enron Corp			
Clean Fuels			
Detailed Variation Analysis			
1st Quarter			
	Fi	rst Quarter	
	2001	2000 Incr	(Decr)
Clean Fuels			
Revenues	37.9	54.9	(17.0) A
Cost of Sales	(33.1)	(42.1)	9.0 A
Reversal against charge to reflect losses on contracted MTBE production	-	7.7	(7.7) B
Op Costs & Expenses	(21.9)	(24.0)	2.1 C
Equity in Unconsol Subs	-	-	-
Other income (incl Min Int)	0.1	0.2	(0.1)
[BIT - CF	(17.0)	(3.3)	(13.7)

A: Primarily due to lower volumes as a result of the plants being non-operational for half of quarter.
B: Reserve was fully utilized at end of second quarter 2000.
C: Decrease due to Mt Belvieu Storage (co 1A1) moving to ETS roll-up.

.7g

EC06419BO101180

EXH066-00409


=============
Page 30 of 46
=============

EES
Restatement of Revenues and IBIT

Revenues

1999

Q1	Q2	Q3	Q4	Year
Reported 370	340	542	555	1,807
Reclass to EWS (189)	(179)	(340)	(223)	(931)
EES - Revised 181	161	202	332	876

MIT (recurring)			1999	
	Q1	Q2	Q3 Q4	Year
Reported	(31)	(26)	(18) 7	(68)
Reclass to EWS	(8)	(7)	3 30	18
EES - Revised	(39)	(33)	(15) 37	(50)

2000

Q1	Q2	Q3	Q4	Year
642	840	1,476	1,657	4,615
(328)	(420)	(941)	(1,160)	(2,849)
314	420	535	497	1,766

2000

  Q1 Q2 Q3 Q4 Year

16	24	30	33	103 Excludes non-recurring items in 04
(10)	22	(3)	(1)	8 Negatives are income to EWS and positives are loss to EWS
6	46	27	32	111

ECO6419B0101181

EES restate by qtr.xls, Summary

1121

4/16/2001, 11:03 PM

EXH066-00410


=============
Page 31 of 46
=============

ENRON CORP
CALCULATION OF EARNINGS PER SHARE

		3 - months ended
		March 31,	
		2001	2000
Numerator:				
Basic				
Income before cumulative effect of accounting changes	$	406.0	$	338.4
Preferred stock dividends:				
Series J Second Preferred Stock		(4.1)		(4.4)
Series B Convertible Preferred Stock		(16.3)		(16.4)
Income available to common shareholders before cumulative				
effect of accounting changes		385.6		317.6
Cumulative effect of accounting changes		19.0		-
Income available to common shareholders	$	404.6	$	317.6
Diluted				
Income available to common shareholders	$	385.6	$	317.6
Effect of assumed conversion of dilutive securities:				
Series J Second Preferred Stock (a)		4.1		4.4
Series B Convertible Preferred Stock (a)		16.3		16.4
Income before cumulative effect of accounting changes		406.0		338.4
Cumulative effect of accounting changes		19.0		-
Income available to common shareholders after				
assumed conversions	$	425.0	$	338.4
				
Denominator:				
Denominator for basic earnings per share - weighted-average shares		751.5		722.5
Effect of assumed conversion of dilutive securities:				
Series J Second Preferred Stock (a)		33.3		35.2
Series B Convertible Preferred Stock (a)		50.0		50.0
Stock options		31.9		44.2
Forward Contracts		4.9		-
Dilutive potential common shares		120.1		129.4
Denominator for diluted earnings per share - adjusted				
weighted-average shares and assumed conversions		871.6		851.9
				
Basic earnings per share:				
Before cumulative effect of accounting changes	$	0.51	$	0.44
Cumulative effect of accounting changes	$	0.03	$	-
Basic earnings per share	$	0.54	$	0.44
				
Diluted earnings per share:				
Before cumulative effect of accounting changes	$	0.47	$	0.40
Cumulative effect of accounting changes	$	0.02	$	-
Diluted earnings per share	$	0.49	$	0.40

(a) The Series J Second Preferred Stock and the Series B Convertible Preferred Stock are both
dilutive in the first quarter of 2001 and 2000.

O

ECO6419BO101182

EXH066-00411


=============
Page 32 of 46
=============

Enron Corp.
Interest Expense
(Millions of Dollars)

  2000 Actuals 2001 Actuals 1st Qtr
1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year Variance

Interest on third party debt								
Co 99 only
Interest on long-term debt	
100.5	
101.7	
99.9	
125.2	
427.3	
67.4	
67.4	
(33.1)
Interest on short-term debt	1.9	1.1	(2.8)	6.1	6.3	2.4	2.4	0.5
Other interest - Inter Company	0.1	2.3	(2.4)			33.6	33.6	33.5
Interest rate swaps	6.5	15.6	7.6	(4.0)	25.7	(15.2)	(15.2)	(21.7)
	109.0	120.7	102.3	127.3	459.3	88.2.	88.2	(20.8)., __
Corp & IVEST4E (excluding Co 99)	25.2	13.8	(1.2)	(11.8)	26.0	(10.9)	(10.9)	(36.1)
Elims (ENRON4E)	-	-	14.3	(19.2)	(4.9)	(0.6)	(0.6)	(0.6)
ECM (Corp)	(0.4)	29.7	62.3	70.3	161.9	74.5	74.5	74.9
EREC	0.8	1.5	0.8	2.1	5.2	1.0	1.0	0.2
Clean Fuels		-	(0.2)	(0.1)	(0.3)	(0.1)	(0.1)	(0.1)
EOG	-	-		-	'			
ETS-(NNG/TWP)	10.5	9.9	9.5	9.5	39.4	9.4	9.4	(1.1)
PGE	17.8	18.2	18.4	18.0	72.4	18.9	18.9	1.1
Wholesale:								
North America(EGSVC)	0.3	-	6.1	14.8	21.2	0.2	0.2	(0.1)
WHOLE4E	-	-	(3.2)	-	(3.2)	(1.0)	(1.0)	(1.0)
Enron - Europe(ECINT)	4.7	(1.1)	14.0	22.6	40.2	5.4	5.4	0.7
Global Assets		-	-		-	13.8	13.8	13.8
CALME	0.5	(0.3)	0.2	2.0	2.4	-		(0.5)
APACHI	0.7	2.2	4.6	4.1	11.6	-	-	(0.7)
South America	(1.5)	(3.1)	5.8	3.6	4.8	-		1.5
San Juan	0.2	0.2	0.3		0.7	-	-	(0.2)
India	-	0.1	1.9	1.3	3.3	-		
EGBLM(Gtobal Markets)	-	-	0.1	5.7	5.8	0.6	0.6	0.6
El Regions	(1)		-	-	- (2)	-		-
ECMGR(Wholesale)	2.2	4.2	4.2	6.9	17.5	11.7	11.7	9.5
EENGC	-		-	0.3	0.3	-		
EGEPG								

EXH066-00412

EBS
EES
Total 3rd Party
Capitalized Interest
EOG
EGPG
PGE
North America
EGBLM(Global Markets)
Global Assets
CALME
APACHI
ESA
India
El HQ(CRPINT)
El Regions
EBS
EES
CORP
EREC
Clean Fuels
Total Capitalized Interest
Amort of debt discount
Discount on assigned receivables

Total Intercompany Interest
Total Interest Expense

0.1

(0.7)	(0.7)	(0.1)
0.1	0.1	8.3
(0.5)	(0.5)	(0.5)
		0.3
		0.7
(6.7)	(6.7)	(6.7)
		0.1
(8.5)	(8.5)	(8.5)
		2.2
		0.1
(16.3)	- - (16.3)	(4.0)
		
4.8	4.8	1.1

  161.3 195.5 247.4 234.0 838.2 201.2 201.2 39.9
161.3 195.5 247.0 234.0 837.8 201.2 201.2

  (1) 1999 4th qtr decrease due to the restructuring of Elektro Debt.
  (2) Qtr decrease due to El's trade interest expense being reported by regions in 2000. 3 1
Intexp igOI.xls, interest

  7.1 2.2 34.0 61.3 104.6 30.7 30.
  0.1 0.1 0.6 0.8 1.1 1.1 1.1
(0.1) 1.3 5.4 _.._.(1.3) 5.3 0.5 0.5 0.6...
169.9 197.4 245.7 256.7 869.7... 212.7 212.7 _ _ 42.8

(0.1)	(0.1)	(0.3)	(0.2)	(0.7)
(0.6)	(0.8)	(1.0)	(1.0)	(3.4)
(8.2)	(7.3)	0.1	0.6	(14.8)
-	-	-	(0.3)	(0.3)
		(1.5)	(0.4)	(1.9)
	(1.4)	(0.6)	(1.0)	(3.0)
	(2.1)	1.4	(0.3)	(1.0)
(0.3)	(0.4)	(1.6)		(2.3)
(0.7)	0.9	0.2	-	0.4
-	-	-	(25.6)	(25.6)
(0.1)	(0.3)	0.4		-
(2.2)	(1.5)		(1.0)	(4.7)
(0.1)	(0.1)	0.2		
(12.3)	(13.1)	(2.7)	(29.2)	(57.3)
				
3.7	4.7	4.4	6.5	19.3
				
	6.5		-	6.5

ECO6419BU101183

4/16/2001, 10:33 PM


=============
Page 33 of 46
=============

Enron Corp.
Dividends on Preferred of Subs
(Millions of Dollars)
(Preliminary)

(VEST:
Enron Capital Trust I (1P1) - TOPrS
Enron Capital Trust II (964) - TOPrS
Enron Capital Trust III (970) - ACTs
Enron Capital LLC (579) - MIPS
Enron Capital Resources LP (655) - MIPS
Organizational Partner, Inc (604)

PGE
EEC (445)
EGBLM(Global Markets)
EGA(37T)
Rounding entry

Total Dividends on Pref of Subs

Intexp IgOl.xls, div on pref

	2000 Actuals		
1st Qtr	2nd Qtr	3rd Qtr	4th Qtr	Year
				
4.2	4.1	4.1	4.2	16.6
3.0	3.0	3.1	3.0	12.1
3.2	3.3	-	-	6.5
4.3	4.2	4.3	4.3	17.1
1.7	1.7	1.7	1.7	6.8
0.4	0.4	0.4	0.4	1.6
16.8	16.7	13.6	13.6	60.7
0.6	0.6	0.5	0.6	2.3
-	2.1	4.4	2.1	8.6
-	2.4	1.2	1.9	5.5
0.7	(0.7)	-	(0.1)	(0.1)
18.1	21.1	19.7	18.1	77.0

3~

2001 Actuals
1st Qtr 2nd Qtr 3rd Qtr 4th Qtr	
Year
4.2	4.2
3.0	3.0
4.3	4.3
1.7	1.7
0.4	0.4
13.6	13.6
0.6	0.6
2.2	2.2
1.9	1.9
(0.3)	(0.3)
18.0 - - -	18.0
18.0	

EC06419BO101184

4/16/2001, 8:31 PM

EXH066-00413


=============
Page 34 of 46
=============

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

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

Quarter Ended
March 31,
  2001 2000

$ 246 $	206
767	397
48,506	12,329
693	314
83	59
(166)	(160)
$ 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.

t11
m

ECO6419BO101185

EXH066-00414


=============
Page 35 of 46
=============

First Quarter 2001

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

IBIT:
Transportation and Distribution:
  Transportation Services
Portland General
Wholesale Services
Retail Energy Services
Broadband Services
Corporate and Other
  IBIT
Interest and Related Charges, net
Dividends on Preferred Securities
of Subsidiaries
Minority Interests
Income Tax Expense
Net Income Before Cumulative Accounting Change
Cumulative Effect of Accounting Change, net of tax
Net Income
Preferred Dividends (a):
Second Preferred Stock
Series B Preferred Stock
Earnings on Common Stock

Average Number of Shares Used:
Basic
  Diluted

Earnings per Common Share:
Basic
  Diluted

$ 133 $		$	133
60			60
755			755
40			40
(35)			(35)
(158)			(158)
795	-		795
201			201
18			18
40			40
130			130
406	-		406
	19		19 ,~
406	19		425
4			4
16			16
$ 386 $	19	$	405
			
			751.5
871.6	871.6		871.6
			
		$	0.54
$ 0.47 $	0.02	$	0.49

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

ECO6419BO101186

EXH066-00415


=============
Page 36 of 46
=============

First Quarter 2000

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

IBIT:
Transportation and Distribution:
  Transportation Services
Portland General
Wholesale Services
Retail Energy Services (a)
Broadband Services
Corporate and Other
IBIT
Interest and Related Charges, net
Dividends on Preferred Securities
of Subsidiaries
Minority Interests
Income Tax Expense
Net Income
Preferred Dividends (b):
Second Preferred Stock
Series B Preferred Stock
Earnings on Common Stock

Average Number of Shares Used:
Basic
  Diluted

Earnings per Common Share:
Basic
  Diluted

  Non-
Recurring Recurring Total

$ 128 $	$	128
105		105
429		429
6		6
(44)		(44)
624	-	624
161		161
18		18
35		35
72		72
338	-	338
4		4
16		16
$ 318 $	- $	318
		
		722.5
851.9	851.9	851.9
		
	$	0.44
$ 0.40 $	- $	0.40

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

Ul
N)

ECO6419BO101187

EXH066-00416


=============
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ENRON CORP.
Table 3a - Business Highlights
(Unaudited)

Quarter Ended
March 31,
  2001 2000
Transportation Services
(In Millions)
Net Revenues $ 243 $ 201
Operating Expenses 107 65
Depreciation and Amortization 17 16
Equity in Earnings 14 7
Other, net - 1
  IBIT $ 133 $ 128

Total Volumes Transported (BBtu/d) (a)

Northern Natural Gas	3,750	4,147
Transwestern Pipeline	1,725	1,566
Florida Gas Transmission	1,234	1,563
Northern Border Pipeline	2,490	2,464

Portland General		
(In Millions)		
Revenues $	767 $	397
Purchased Power and Fuel	582	202
Operating Expenses	67	78
Depreciation and Amortization	51	46
Other Income, net	(7)	34
IBIT $	60 $	105

Retail Customers (end of period, thousands) 727 724

Electricity Sales (Thousand MWh)

Residential	2,171	2,361
Commercial	1,820	1,872
Industrial	1,200	1,169
Total Retail	5,191	5,402
Wholesale	2,739	4,281
Total Sales	7,930	9,683

(a) Reflects 100% of each entity's throughput volumes.

t?c)

ECO641980101188

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ENRON CORP.
  Table 3b - Business Highlights
(Unaudited) -

Quarter Ended
March 31,
  2001 2000
Wholesale Services
  (In Millions)
  Commodity Sales and Services $ 785 $ 256
Assets and Investments 59 220
Unallocated Expenses (89) (47)
  IBIT $ 755 $ 429

Commodity Sales and Services

Physical Volumes (BBtue/d)
Gas:

United States	20,898	16,217
Canada	6,358	4,389
Europe and Other	8,699	2,469
	35,955	23,075
Transportation Volumes	506	456
Total Gas Volumes	36,461	23,531
Crude Oil and Liquids	6,836	6,134
Electricity (a)	25,732	12,170
Total Physical Volumes (BBtue/d)	69,029	41,835

Electricity Volumes (Thousand MWh)

United States	195,246	102,903
Europe and Other	36,339	7,844
Total	231,585	110,747
Financial Settlements (Notional)(BBtue/d)	302,694	141,865

Retail Energy Services

Revenues (in millions) (b) $ 693 $ 314
IBIT (in millions) (b) $ 40 $ 6
Total Contract Value (in billions)(c) $ 5.9 $ 3.7

Broadband Services

Revenues (in millions) $ 83 $ 59
IBIT (in millions) $ (35) $ -
Total Contract Value (in millions)(c) $ 45 $ 31
Terabytes Delivered (d) 43,400 6,005

(a) Represents electricity volumes, converted to BBtue/d.
(b) Beginning in 2001, risk management activities associated with Enron's retail customers are managed
  by Wholesale Services. Prior to the restatement, Retail Energy Services' reported revenues and recurring IBIT
were $642 million and $16 million, respectively, for the first quarter of 2000 and $4,615 million and $103 million,
respectively, for the full year 2000. Restated full year 2000 revenues and recurring IBIT were $1,766 million
and $111 million, respectively. Current year and the restated 2000 amounts include activities
  related to the management of customer relationships, net profits of new commodity contracts originated
and all flows related to energy asset management and services.
(c) Represents customers' estimated future expenditures related to new contracts.
(d) Unit of measurement for data delivered, equal to one trillion bytes.

EC06419BO101189

h
W)

EXH066-00418


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SELECTED FINANCIAL DATA

tnron corp. ana auosimanes					
1999								
2000						
2001
In Millions Except Per Share Amounts		1st Qtr	2nd Qtr		3rd Qtr		4th Qtr	Year		1st Qtr		2nd Qtr	3rd Qtr		4th Qtr		Year		1st Qtr
																			
Revenues, Net of intercompany																			
Transportation and Distribution	
$	
178	
$ 121	
$	
160	
$	
175	
$ 634	
$	
202	
$	
163	
$ 126	
$	
201	
$	
692	
$	
247
Transportation Services
Portland General		299	296		407		377	1,379		397		382	663		608		2,050		686
Wholesale Services (1)		6,691	8,702		10,841		9,938	36,172		12,162		15,632
409	28,445
513		39,201
452		95,440
1
662		48,407
642
Retail Energy Services (1)		188	157		181		321
-	847
-		288
59		151	135		63		,
408		85
Broadband Services
Exploration and Production (2)		-
149	-
175		-
105		-	429		-
37		-
149	-
125		-
226		-
537		-
62
Corporate and Other		127	221
672	$	141
11
835	$	162
10
973	651
$ 40
112		13
145	$	886
16	007
$ 30	$	40,751	$	100,789	$	50,129
Total	$	7,632	$9,		,		,	,		,		,	,						
																			
Net Income																			
Income (Loss) Before Interest, Minority Interests and Income Taxes																			
Transportation and Distribution	
$	
126	
$ 72	
$	
85	
$	
97	
$ 380	
$	
128	
$	
77	
$ 83	
$	
103	
$	
391	
$	
133
Transportation Services
Portland General		92	56		52		105	305		105		62	74		100		341		60
Wholesale Services (1)		328	363		375		233	1,299		429		415
46	630
27		778
32		2,252
111		755
40
Retail Energy Services f1)		(39)	(33)		(15)
-		37
-	(50)
-		6
-		(8)	(20)		(32)		(60)		(35)
Broadband Services		-
12	-
20		33		-	65		-		-	-		-		-		-
Exploration and Production (2)
d Other
t
C		14	9		23		1	17		44		17	128		134		289		158
orpora
e an
IBIT - Recurring		533	469		507		473	1,982		624		609	666		847		2,746		795
s)
orted Earnin
f Re
A
l
i
It
S
R
i
N		-	-		13		-	13		-		-			264		264		-
g
p
ee
na
ys
s o
ems (
ecurr
ng
on-							473	1
995		624		609	666		583		2482		795
Total IBIT
net
Interest and Related Charges		533
175	469
175		520
187		119	,
656		161		196	247		234		838		201
,
Dividends on Company-Obligated Preferred Securities of Subsidiaries		19	19		19		19	76		18		21	20		18
45		77
154		18
40
Minority Interests		33
53	23
30		38
14		41
35	135
104		35
72		39
64	35
72		226		434		130
Income Tax Provision (Benefit)
Net Income Before Cumulative Changes		253	222		290		259	1,024		338		289	292		60		979		406
Cumulative Effect of Accounting Changes, net of tax		131
122	-
222		-
290		
259	131
893		-
338		-
289	-
292		
60		
979		19
425
Net Income
d Stock Dividend (3)
f
P		4	19		19		24	66		20		21	21		21		83		20
re
erre					71		235	$ 827	$	318	$	268	$ 271	$	39	$	896	$	405
Earnin s on Common Stock	$	118	$ 203	$	2	$													
																			
Earnings Per Share (4)
Basic	
$	
0.17	
0.29		
0.38		
0.33	
$ 1.17	
$	
0.44		
0.37	
0.37		
0.05	
$	
1.22	
$	
0.54
Diluted
Recurring	
$	
0.34	
$ 0.27	
$	
0.27	
$	
0.31	
$ 1.18	
$	
0,40	
$	
0.34	
$ 0.34	
$	
0.41	
$	
1.47	
$	
0.47
sis of Reported Earnings)
Items (See Anal
Non-Recurrin		0.18	-		0.08			0.08		-		-			0.36		0.35		0.02
y
g							31
0	$ 1
10		0
40	$	34
0	34
$ 0	$	05
0	$	12
1	$	0.49
Reported	$	0.16	$ 0.27	$	0.35	$	.	.		.		.	.		.		.		
																			
Depreciation, Depletion and Amortization																			
Transportation and Distribution	
$	
17	
$ 17	
$	
18	
$	
14	
$ 66	
$	
16	
$	
17	
$ 16	
$	
18	
$	
67	
$	
17
Transportation Services
Portland General		46	48		43		44	181		46		46	60		59		211		51
Wholesale Services		57	70		71		96	294		75
9		85
9	89
10		94
10		343
38		92
9
Retail Energy Services		6	4		9		10
-	29
-		3		8	52		14		77		14
Broadband Services
Exploration and Production (2)		-
82	-
89		-
42		-	213				-	-		-		-
119		-
30
orate and Other
r
C		7	8		42		30	87		23		27	29		40				
p
o					225		194	$ 870-	f-$	- 172	$	192	$ 256	$	235	$	855	$	213
Total	$	215	$ 236	$		$													

(1) Beginning in 2001, risk management activities associated with Enron's retail customers are managed by Wholesale Services. Prior period Wholesale Services and Retail
Energy Services amounts have been restated.
(2) Reflects results of Enron Oil & Gas through August 16, 1999, the dale of the share exchange transaction; following this dale the results of the exploration and production
operations in India and China are included in Wholesale Services.
(3) The Second Preferred Stock and the Series B Preferred Stock are both dilutive in the first three quarters of 2000 and both antidilutive in the fourth quarter. The Second
Preferred Stock is dilutive for the year-to-date 2000, while the Series B Preferred Stock is antidilutive for the same period. The Second Preferred Stock and the Series B
Preferred Stock are both dilutive in the first quarter of 2001.
(4) Adjusted to reflect two-for-one common stock split effective August 13, 1999.

  EC06419B0101190 Printed: 4/17/2001 12:37 AM

EXH066-00419


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ANALYSIS OF REPORTED EARNINGS

onron for . anu auosiwarres				
1999			
2000			
2001
In Millions, Except Per Share Amounts		1st Qtr	2nd Qtr	3rd Qtr	4th Qtr	Year	1st Qtr 2nd Qtr 3rd Qtr	4th Qtr	Year	1st Qtr
Diluted Earnings Per Share - Recurring (1)	$	0.34	$ 0.27 $	0.27	$ 0.31	$ 1.18	$ 0.40 $ 0.34 $ 0.34 $	0.41	$ 1.47	$ 0.47
										
Non-Recurring Earnings (Loss) Items Per Share (1)										
Corporate and Other										
Charge to reflect impairment by Azurix of certain assets		-	-	-	-	-	- - -	(0.41)	(0.40)	-
Gain on The New Power Company, net		-	-	-	-	-	- - -	0.05	0.05	-
Gain on sale of subsidiary stock		-	-	0.44	-	0.45	- - -	-		
Charge to reflect losses on impairment of MTBE assets		-	-	(0.36)	-	(0.36)	- - -	-	-	-
Cumulative effect of accounting changes (2)		(0.18)	-	-	-	(0.17)	- - -	-		0.02
Total Non-Recurring Earnings (Loss) Items Per Share		(0.18)	-	0.08	-	(0.08)	- - -	(0.36)	(0.35)	0.02
Reported Diluted Earnings Per Share	$	0.16	$ 0.27 $	0.35	$ 0.31	$ 1.10	$ 0.40 $ 0.34 $ 0.34 $	0.05	$ 1.12	$ 0.49
Average Number of Common Shares Used In Diluted Computation (1)		744.6	771.1	781.1	779.1	769.0	851.9 862.2 869.6	787.7	813.9	871.6
										
Non-Recurring Earnings (Loss) Items - After tax (3)										
Corporate and Other										
Charge to reflect impairment by Azurix of certain assets	$	-	$ - $	-	$ -	$ -	$ - $ - $ - $	(326)	$ (326)	$ -
Gain on The New Power Company, net		-	-	-	-	-	- - -	39	39	-
Gains on sales of subsidiary stock		-	-	345	-	345	- - -	-	-	-
Charge to reflect losses on impairment of MTBE assets		-	-	(278)	-	(278)	- - -	-	-	-
Cumulative effect of accounting changes (2)		(131)	-	-	-	(131)	- - -	-	-	19
Total Non-Recurring Earnings (Loss) Items - After tax	$	131	$ - $	67	$ -	$ 64	$ - $ - $ - $	287	$ (287)	$ 19
										
Non-Recurring Earnings (Loss) Items - Pretax										
Corporate and Other										
Charge to reflect impairment by Azurix of certain assets	$	-	$ - $	-	$ -	$ -	$ - $ - $ - $	(326)	$ (326)	$ -
Gain on The New Power Company, net		-	-	-	-	-	- - -	62	62	-
Gains on sales of subsidiary stock		-	-	454	-	454	- - -	-	-	-
Charge to reflect losses on impairment of MTBE assets		-	-	(441)	-	(441)	- - -	-	-	-
Cumulative effect of accounting changes (2)		(200)	-	-	-	(200)	- - -	-	-	31
-
Total Non-Recurring Earnings (Loss) Items - Pretax	$	(200)	$ - $	13	$ -	$ 187	$ - $ - $ - $	(264)	$ (264	$ 31

(1) Adjusted to reflect two-for-one common stock split effective August 13, 1999.
(2) 1999 primarily due to the adoption of an accounting pronouncement requiring that costs for all start-up activities and organization costs be expensed as incurred. 2001 due to the adoption of an accounting pronouncement
requiring the measurement of all derivative instruments at fair value.
(3) Except where a specific tax rate applied, assumes a 35% tax rate.

.31? EC06419B0101191 Printed: 4/17/2001 12 37 AM

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CAPITAL STRUCTURE AND STATISTICS
Enron Cor . and Subsidiaries


(In Millions, Except Per Share Amounts)	
1st Qtr	
2nd Qtr	1999
3rd Qtr	
4th Qtr	
Year	
1st Qtr	
2nd Qtr	2000
3rd Qtr	
4th Qtr	
Year	2001
1st Qtr
Common Shares Outstanding (1)											
Average, Basic	683.4	708.0	714.1	715.3	705.3	722.5	733.4	741.2	747.8	736.2	751.5
Average, Diluted	744.6	771.1	781.1	779.1	769.0	851.9	862.2	869.6	787.7	813.9	871.6
End of Period, Diluted	764.4	779.0	781.1	783.2	783.2	861.3	858.3	872.3	791.1	824.5	874.2
Market Price Per Share (end of period) (1)	$ 32.125 $	40.875 $	41.063 $	44.375 $	44.375	$ 74.875 $	64.500 $	87.645 $	83.125 $	83.125	$ 58.100
Dividends Per Share											
Cumulative Second Preferred Convertible Stock ('Series J') (2) (3) (4)	$ 3.413 $	3.413 $	3.413 $	3.413 $	13.652	$ 3.413 $	3.413 $	3.413 $	3.413 $	13.652	$ 3.413
Junior Convertible Preferred Stock ('Series A') (5)	-	59.150	59.233	-	118.383	-	-	-	-	-	
Junior Manditonly Convertible Preferred Stock ('Series B') (4) (5)	-	-	4.333	65.000	69.333	65.000	65.000	65.000	65.000	260.000	65.000
Common Stock (1)	0.125	0.125	0.125	0.125	0.500	0.125	0.125	0.125	0.125	0.500	0.125
Company-Obligated Preferred Stock of Subsidiaries											
8% Cumulative Preferred ('Series C") (3)	0.500	0.500	0.500	0.500	2.000	0.500	0.500	0.500	0.500	2.000	0.500
9% Cumulative Preferred ("Series A') (3)	0.563	0.563	0.563	0.563	2.252	0.563	0.563	0.563	0.563	2.252	0.563
8.57% Cumulative Preferred	2,142.500	2,142.500	2,142.500	2,142.500	8,570.000	2,142.500	2,142.500	2,142.500	2,142.500	8,570.000	2,142.500
7.39% Cumulative Preferred	1,847.500	1,847.500	1,847.500	1,847.500	7,390.000	1,847.500	1,847.500	1,847 500	1,847.500	7,390.000	1,847.500
8.30% Trust Originated Preferred ('Series T") (3)	0.519	0.519	0.519	0.519	2.076	0 519	0.519	0.519	0.519	2.076	0.519
8.125% Trust Originated Preferred ('Series R") (3)	0.508	0.508	0.508	0.508	2.032	0.508	0508	0.508	0.508	2.032	0.508
7.1% Cumulative Preferred	19.878	19.878	19.878	19.878	79.512	19.878	19.878	19.878	19.878	79.512	19.878
Adjustable Rate Trust Securities (6)	13.653	12.968	13.177	14.430	54.228	16.105	11.691	-	-	27.796	-
7.75% Cumulative Preferred	1.938	1.938	1.938	1.938	7.750	1.938	1.938	1.938	1.938	7.752	1.938
LNG Power II, L.L.C. Preference Units	-	-	-	-	-	-	18.125	18.125	18.125	54.375	18.125

Capital Structure

Total Debt $	9,419 $	8,979 $	8,592 $	8,152 $	8,152	$ 10,172 $	11,697 $	13,781 $	10,229 $	10,229		n/a
Percent	44.1	41.5	41.4	38.5	38.5	43.7	46.3	49.5	40.9 '	40.9		n/a
Minority Interests $	2,125 $	2,475 $	1,822 $	2,430 $	2,430	$ 1,872 $	1,893 $	1,889 $	2,414 $	2,414		n/a
Percent	9.9	11.4	8.8	11.5	11.5	8.0	7.5	6.8	9.7	9.7		n/a
Company-Obligated Preferred Securities of Subsidiaries $	1,001 $	1,001 $	1,001 $	1,000 $	1,000	$ 1,099 $	899 $	904 $	904 $	904		n/a
Percent	4.7	4.6	4.8	4.7	4.7	4.7	3.6	3.2	3.6	3.6		n/a
Shareholders' Equity $	8,824 $	9,206 $	9,345 $	9,570 $	9,570	$ 10,140 $	10,769 $	11,276 $	11,470 $	11,470		n/a
Percent	41.3	42.5	45.0	45.3	45.3	43.6	42.6	40.5	45.8	45.8		n/a
	Annual	Date	Optional	Redemption				Securities			
PREFERRED STOCK	Dividend Rate	Issued	Call Date	Price		Authorized		Original Issue	Outstanding at 313112001	
Enron Corp. Second Preferred Stock ('Series J ") (2) (3) (4) $	13.65	8/83	8/93 $	100		1,370,000		2,396,455		1,210,506	
Enron Corp. Junior Manditoriy Convertible Preferred Stock ('Series B") (4) (5)	6.500%	9/99	n/a	4,000		250,000		250,000		250,000	
Preferred Securities of Subsidiary Companies											
Enron Capital L.L.C. ('Series C") (3)	8.000%	11/93	11/98	25		9,200,000		8,550,000		8,550,000	
Enron Capital Resources, L. P. ('Series A') (3)	9.000%	7/94	8/99	25		3,000,000		3,000,000		3,000,000	
Enron Equity Corp.	8.570%	12/94	12/99	100,000		880		880		880	
Enron Equity Corp.	7.390%	4/96	4/01	100,000		150		150		150	
Enron Capital Trust I ('Series T") (3)	8.300%	11/96	12/01	25		8,000,000		8,000,000		8,000,000	
Enron Capital Trust II ("Series R") (3)	8.125%	1197	3/02	25		6,000,000		6,000,000		6,000,000	
Private Placement	7.100%	3/97	4/02	n/a (7)		20,000		20,000		20,000	
Enron Capital Trust III (6)	Variable	6/97	Variable	1,000		200,000		200,000		-	
Portland General Electric Company	7.750%	6/93	n/a	100		30,000,000		300,000		300,000	
LNG Power II, L.L.C. Preference Units	6.740% (e)	3/00	n/a	1,000		105,000		105,000		105,000	
(1) Adjusted to reflect two-for-one common stock split effective August 13, 1999.			(5) On September 24, 1999. one share of Series B Junior Manditorily Convertible Preferred Stock was issued	in exchange for eac	h share of	
(2) Each share is convertible into 27.304 shares of Enron common stock at the holder's option following the call by Enron in	1993 (adjusted for	common	Series A Junior Voting Convertible Preferred Stock. Each sh	are of Series B is manditorly convertible i
nto 200 shares of Enron	common	
stock split effective August 13, 1999). The dividend is equal to the higher of $10.50 per shar	e or the equivalent dividend that would be paid	if the shares	stock on January 15, 2003.							
had been converted.			(6)	Redeemed June 6, 2000.							
(3) Publicly traded on the New York Stock Exchange.			(7)	Redemption price varies based on original issue amounts.					
(4) The Second Preferred Stock and the Series B Preferred Stock are both dilutive in the first thr	ee quarters of 2000 and both antidilutive in the fourth quarter. (8)	Initial rate is 6.74% increas	ing to 7.79%.					
The Second Preferred Stock is diklive for the year-to-date 2000, while the Series B Preferre	d Stock is antidilutive for th	e same period. The Second								
Preferred Stock and the Series B Preferred Stock are both dilutive in the first quarter of 2001	.										
				4L0				EC06419BO101192	Printed: 4/17/200112:38 AM

EXH066-00421


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CONSOLIDATED BALANCE SHEET
Enron Corp. and Subsidiaries

  1999 2000 (In Millions) 3/31 6130 9130 12131 3/31 6/30 9/30 12131

Current Assets								
Cash and cash equivalents	$ 296 $	286 $	316 $	288	$ 466 $	718 $	697 $	1,374
Trade and other receivables, net	3,534	3,522	3,851	3,548	4,352	6,269	7,675	12,270
Assets from price risk management activities	1,554	1,756	2,156	2,205	3,139	5,696	7,294	12,018
Inventories	458	557	613	598	437	571	1,942	953
Other	603	772	631	616	939	1,116	1,198	3,766
Total Current Assets	6,445	6,893	7,567	7,255	9,333	14,370	18,806	30,381
Investments and Other Assets								
Investments in and advances to unconsolidated equity affiliates	4,632	4,779	4,968	5,036	6,020	5,621	5,376	5,294
Assets from price risk management activities	2,271	2,364	3,052	2,929	3,428	5,228	7,367	8,988
Goodwill	2,690	2,696	2,636	2,799	2,905	3,408	3,646	3,638
Other	5,076	5,599	5,578	4,681	5,101	5,728	6,348	5,459
Total Investments and Other Assets	14,669	15,438	16,234	15,445	17,454	19,985	22,737	23,379
Property, Plant and Equipment, at cost	17,197	17,507	12,924	13,912	14,012	14,682	15,133	15,459
Less accumulated depreciation, depletion and amortization	5,612	5,691	3,149	3,231	3,315	3,471	3,680	3,716
Net Property, Plant and Equipment	11,585	11,816	9,775	10,681	10,697	11,211	11,453	11,743
Total Assets	$ 32,699 $	34,147 $	33,576 $	33,381	$ 37,484 $	45,566 $	52,996 $	65,503
								
Current Liabilities								
Accounts payable	$ 2,694 $	2,603 $	2,281 $	2,154	$ 2,914 $	4,400 $	5,390 $	9,777
Liabilities from price risk management activities	1,542	2,386	2,829	1,836	2,697	4,292	6,187	10,495
Short-term debt	-	-	-	1,001	1,884	1,486	3,117	1,679
Other	1,408	1,457	1,559	1,768	1,695	2,044	2,408	6,455
Total Current Liabilities	5,644	6,446	6,669	6,759	9,190	12,222	17,102	28,406
Long-term Debt	9,419	8,979	8,592	7,151	8,288	10,211	10,664	8,550
Deferred Credits and Other Liabilities								
Deferred income taxes	2,194	2,352	1,908	1,894	1,791	1,678	1,565	1,644
Liabilities from price risk management activities	1,852	2,068	2,521	2,990	3,510	5,525	7,314	9,423
Other	1,640	1,620	1,718	1,587	1,594	2,369	2,282	2,692
Total Deferred Credits and Other Liabilities	5,686	6,040	6,147	6,471	6,895	9,572	11,161	13,759
Minority Interests	2,125	2,475	1,822	2,430	1,872	1,893	1,889	2,414
Company-Obligated Preferred Securities of Subsidiaries	1,001	1,001	1,001	1,000	1,099	899	904	904
Shareholders' Equity								
Cumulative second preferred convertible stock	131	131	130	130	129	127	127	124
Junior voting convertible preferred stock	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000
Common stock	6,249	6,588	6,640	6,637	7,041	7,665	8,003	8,348
Retained earnings	2,256	2,369	2,537	2,698	2,922	3,101	3,277	3,226
Cumulative foreign currency translation adjustment	(711)	(760)	(853)	(741)	(756)	(861)	(958)	(1,048)
Common stock held in treasury	(50)	(1)	(1)	(49)	(16)	(84)	(18)	(32)
Restricted stock and other	51	121	108	105	180	179	155	148
Total Shareholders' Equity	8,824	9,206	9,345	9,570	10,140	10,769	11,276	11,470
Total Liabilities and Shareholders' Equity	$ 32,699 $	34,147 $	33,576 $	33,381	$ 37,484 $	45,566 $	52,996 $	65,503

*1

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CONSOLIDATED STATEMENT OF CASH FLOWS
Enron Corn. and Subsidiaries


(In Millions)	
3131	YTD
6130	1999
9130	
12131	
3131	YTD
6130	2006
9130 -	
12/31
Cash Flows From Operating Activities								
Reconciliation of net income to net cash provided by (used in) operating activities								
Net income	$ 122 $	344	$ 634	$ 893	$ 338 $	627	$ 919 $	979
Cumulative effect of accounting changes	131	131	131	131	-	-	-	-
Depreciation, depletion and amortization	215	451	676	870	172	364	620	855
Impairment of long-lived assets (including equity investments)	-	-	441	441	-	-	-	326
Deferred income taxes	2	(11)	(38)	21	30	31	22	207
Gains on sales of non-merchant assets	(12)	(12)	(461)	(541)	(18)	(90)	(135)	(146)
Changes in components of working capital	(556)	(909)	(1,072)	(1,000)	(313)	(524)	(188)	1,769
Net assets from price risk management activities	(518)	247	55	(395)	(52)	(799)	(952)	(763)
Merchant assets and investments:								
Realized gains and losses on sales	(22)	(161)	(252)	(756)	(31)	29	15	(104)
Proceeds from sales	26	561	708	2,217	199	553	683	1,838
Additions and unrealized gains	(135)	(829)	(657)	(827)	(517)	(1,095)	(1,414)	(1,295)
Other operating activities	87	150	208	174	265	357	530	1,113
Net Cash Provided by (Used in) Operating Activities	660	38	43	1,228	457	547	100	4,779
Cash Flows From Investing Activities								
Capital expenditures	(519)	(969)	(2,022)	(2,363)	(496)	(1,009)	(1,549)	(2,381)
Equity investments	(409)	(648)	(718)	(722)	(316)	(390)	(870)	(933)
Proceeds from sales of non-merchant assets	43	138	245	294	17	105	222	494
Acquisition of subsidiary stock	-	-	-	-	(485)	(485)	(485)	(485)
Business acquisitions, net of cash acquired	(38)	(40)	(213)	(311)	(144)	(358)	(773)	(777)
Other investing activities	207	340	447	405	69	117	147	182
Net Cash Used in Investing Activities	(1,130)	(1,859)	(3,155)	(3,507)	(1,493)	(2,254)	(3,602)	(4,264)
Cash Flows From Financing Activities								
Issuance of long-term debt	114	1,301	1,570	1,776	1,361	2,479	2,725	3,994
.Repayment of long-term debt	(68)	(645)	(1,417)	(1,837)	(393)	(431)	(545)	(2,337)
Net increase (decrease) in short-term borrowings	1,119	128	2,038	1,565	962	1,301	1,694	(1,595)
Net issuance (redemption) of company-obligated preferred securities of subsidiaries	-	-	-	-	105	(95)	(95)	(96)
Issuance of common stock	839	889	889	852	179	264	182	307
Issuance of subsidiary equity		513	513	568	-	-	-	500
Dividends paid	(113)	(227)	(346)	(467)	(156)	(265)	(396)	(523)
Net (acquisition) disposition of treasury stock	119	181	223	139	70	(129)	354	327
Other financing activities	35	68	67	140	-	107	8	6
Net Cash Provided by Financing Activities	1,975	2,072	3,403	2,456	2 128	3,231	3,911	571
Increase (Decrease) in Cash and Equivalents	185	175	205	177	178	430	409	1,086
Cash and Cash Equivalents, Beginning of Period	111	111	111	111	288	288	288	288
Cash and Cash Equivalents, End of Period	296	286	316	288	466	718	697	1 374
Capital Expenditures								
Transportation and Distribution								
Transportation Services	$ 25 $	50	$ 66	$ 120	$ 10 $	2	$ 33 $	71
Portland General	29	60	128	196	31	78	130	199
Wholesale Services	278	610	1,035	1,216	317	523	862	1,280
Retail Energy Services	22	34	49	64	17	30	40	70
Broadband Services	-	-	-	-	71	219	280	436
Exploration and Production	92	180	227	226	-	-	-	-
Corporate and Other	73	35	517	541	50	157	204	325
Total	519	969	2,022	2.363	496	1,009	1,549	2,381
Equity Investments								
Transportation and Distribution								
Transportation Services	$ - $	-	$ -	$ -	$ - $	-	$ - $	1
Portland General	-	-	-	-	-	-	-	-
Wholesale Services	381	647	709	712	304	372	848	911
Retail Energy Services	-	-	-	-	-	-	-	-
Broadband Services	-	-	-	-	-	-	-	-
Exploration and Production	-	-	-	-	-	-	-	-
Corporate and Other	28	1	9	10	12	18	22	21
Total	409	648	718	722	316	390	870	933



ECO6419BO101194

Printed: 4/17/2001 12:38 AM

EXH066-00423


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SELECTED FINANCIAL AND OPERATING HIGHLIGHTS

1rarispuiL4UVnanu IwU! ULMI-iialid ulLOUVuv					
1999								
2000					
2001
(In Millions, Except Where Noted		1st Qtr		2nd Qtr	3rd Qtr		4th Qtr	Year		1st Qtr		2nd Qtr	3rd Qtr		4th Qtr	Year		1st Qtr
																		
Transportation Services
Gross Margin	
$	
181	
$	
124	
$ 145	
$	
176	
$ 626	
$	
201	
$	
148	
$ 119	
$	
182	
$ 650	
$	
243
Operating Expenses		61		65	64		74	264		65		76	63		76	280		107
Depreciation and Amortization		17		17	18		14	66		16		17	16		18	67		17
Equity in Earnings of Unconsolidated Affiliates		8		8	14		8	38		7		10	28		18	63		14
Other
net		15		22	8		1	46		1		12	15		(3)	25		-
,
Reported Income Before Interest and Taxes	$	126	$	72	$ 85	$	97	$ 380	$	128	$	77	$ 83	$	103	$ 391	$	133
																		
Northern Natural Gas (100% Owned)																		
Transportation Revenues	$	140	$	87	$ 86	$	137	$ 450	$	164	$	69	$ 77	$	136	$ 446	$	170
Average Transportation Rate (per MMBtu)	$	0.35	$	0.27	$ 0.27	$	0.40	$ 0 32	$	0.44	$	0.23	$ 0.28	$	0.40	$ 0.34	$	0.50
Gas Transportation BBtu/d		4,464		3,553	3,525		3,738	3,820		4,147		3,237	3,009		3,728	3,529		3,750
																		
Transwestern Pipeline (100% Owned)																		
Transportation Revenues	$	35	$	35	$ 36	$	36	$ 142	$	36	$	36	$ 39	$	40	$ 151	$	41
Average Transportation Rate (per MMBtu)	$	0.28	$	0.27	$ 0.25	$	0.27	$ 0.27	$	024	$	0.25	$ 0.24	$	0.25	$ 0.25	$	0.24
Gas Transportation BBtu/d		1,393		1,419	1,575		1,460	1,462		1,566		1,606	1,746		1,715	1,657		1,725
Florida Gas Transmission (50% Owned)																		
Transportation Revenues	$	75	$	76	$ 78	$	76	$ 305	$	76	$	77	$ 78	$	77	$ 308	$	80
Average Transportation Rate (per MMBtu)	$	0.68	$	0.54	$ 0.47	$	0.54	$ 0.56	$	0.54	$	0.53	$ 0.51	$	0.66	$ 0.56	$	0.72
Gas Transportation BBtu/d		1,225		1,546	1,659		1,538	1,495		1,563		1,591	1,649		1,270	1,501		1,234
Northern Border Pipeline (8% Owned)																		
Transportation Revenues	$	74	$	73	$ 74	$	78	$ 299	$	76	$	77	$ 78	$	79	$ 310	$	77
Gas Transportation (BBtu/d)		2,388		2,405	2,419		2,406	2,405		2,464		2,429	2,420		2,460	2,443		2,490
Rate per 100 Dekatherm Miles _	$	0.037	$	0.037	$ 0.036	$	0.036	$ 0.037	$	0.041	$	0.041	$ 0.040	$	0.040	$ 0.041	$	0.037

.43 ECO6419BO101195 Printed 4/17/2001 12:38AM

EXH066-00424


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SELECTED FINANCIAL AND OPERATING HIGHLIGHTS
Tranennrtatinn and rlietrihutinn . Pnrtland (;anaral Flertric

2000

(In Millions Except Where Noted	1st Qtr	2nd Qtr	3rd Qtr	4th Qtr	Year	1st Qtr	2nd Qtr	3rd Qtr	4th Qtr	Year	1st Qtr
Revenues (Portland General Group)											
Residential	$ 134	$ 98	$ 86	$ 120	$ 438	$ 135	$ 99 $	90	$ 124	$ 448	$ 134
Commercial	89	86	96	96	367	92	92	102	102	388	94
Industrial	36	39	46	52	173	46	51	56	55	208	48
Accrued (Collected) Revenues	10	6	7	3	26	3	2	9	-	14	-
Retail Revenues	269	229	235	271	1,004	276	244	257	281	1,058	276
Wholesale	25	62	166	102	355	114	182	466	409	1,171	480
Other	5	5	6	4	20	7	5	6	9	27	11
Total Revenues	299	296	407	377	1,379	397	431	729	699	2,256	767
Purchased Power &Fuel	100	119	241	179	639	202	252	522	485	1,461	582
Operating Expenses	70	79	74	81	304	78	76	85	82	321	67
Depreciation & Amortization	46	48	43	44	181	46	46	60	59	211	51
Other Income (Expense)	9	6	3	32	50	34	5	12	27	78	7
Income Before Interest and Taxes	$ 92	$ 56	$ 52	105	$ 305	$ 105	$ 62 $	74	$ 100	$ 341	$ 60
Operating Statistics (Portland General Electric)											
Retail Customers (End of Period, Thousands)	708	711	714	719	719	724	726	722	725	725	727
Electricity Sales (Thousand MWh)											
Residential	2,342	1,618	1,440	2,004	7,404	2,361	1,480	1,444	2,148	7,433	2,171
Commercial	1,816	1,746	1,951	1,879	7,392	1,872	1,769	1,964	1,922	7,527	1,820
Industrial	1,020	1,083	1,162	1,198	4,463	1,169	1,235	1,249	1,259	4,912	1,200
Total Retail	5,178	4,447	4,553	5,081	19,259	5,402	4,484	4,657	5,329	19,872	5,191
Wholesale	1,338	3,053	4,921	3,300	12,612	4,281	4,909	5,703	3,655	18,548	2 739
Total Sales	6,516	7,500	9,474	8,381	31,871	9,683	9,393	10,360	8,984	38,420	7,930
Average Billed Revenue (g per kWh)											
Residential	5.73	6.08	6.04	5.99	5.91	5.72	6.69	6.23	5.77	6.03	6.17
Commercial	4.91	4.92	4.87	5.12	4.97	4.91	5.20	5.19	5.31	5.15	5.16
Industrial	3.49	3.63	3.96	4.32	3.88	3.93	4.13	4.48	437	423	4.00
Total Retail	5.00	5.03	5.01	5.27	5.08	5.05	5 40	5.33	527	5.25	5.32
Wholesale	1.88	2.03	3.37	3.11	2.82	2.66	371	8.17	11.19	6.31	17.52
Total Sales	4.36	3.81	4.15	4.42	4.18	4.00	4.51	6.89	7.68	5.77	9.67
Resource Mix											
Coal	18%	12%	14%	16%	15%	13%	7%	9%	14%	11%	16%
Combustion Turbine	4%	6%	8%	14%	8%	10%	6%	14%	17%	12%	17%
Hydro	13%	10%	5%	8%	9%	8%	7%	4%	6%	6%	6%
Total Generation	35%	28%	27%	38%	32%	31%	20%	27%	37%	29%	39%
Firm Purchases	47%	61%	61%	56%	57%	62%	74%	63%	53%	63%	53%
Secondary Purchases	18%	11%	12%	6%	11%	7%	6%	10%	10%	8%	8%
Total Resources	100%	100%	100%	100%	100%	100%	100%	100%	100%	100%	100%
Average Variable Power Cost (Mills/kWh)											
Generation	8.0	87	10.1	11.5	11.3	121	14.5	15.1	16.0	14.5	24.0
Firm Purchases	16.7	16.8	30.3	25.0	23.2	23.3	25.0	50.1	43.0	34.9	91.2
Secondary Purchases	15.0	18.5	22.0	27.4	19.7	25.5	74.6	1266	226.6	123.6	173.9
Total Average Variable Power Cost	15.0	15.5	24.7	20.7__	20.0	20.8	26.9	48.8	52.1	37.2	71.9



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EXH066-00425


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SELECTED FINANCIAL AND OPERATING HIGHLIGHTS
Wholesale Services

(In Millions, Except Where Noted) 1st Qtr
Income Before Interest, Minority
Interests and Income Taxes

  Commodity Sales and Services (1)
Assets and Investments
Unallocated Expenses
Reported IBIT

Physical Volumes (BBtue/d)
Gas
  United States 9,088
Canada 3,954
Europe and Other 1,799
  Total Physical Sales Volumes 14,841
Transportation Volumes 556
Total Physical Gas Volumes 15,397
  Crude Oil and Liquids 4,284
Electricity (2) 9,594
Total Physical Volumes 29,275
Electricity Volumes (Thousand MWh)
  United States 85,962
Europe and Other 384
Transaction Volumes Marketed 86,346

Financial Settlements /Notionall(BBtue/d) 95,151

8,038	8,573	10,219	8,982
4,475	4,748	4,406	4,398
1,223	1,640	1,630	1,572
13.736	14,961	16,255	14,952
513	537	693	575
14, 249	15,498	16,948	15,527
8,822	4,699	6,824	6,160
10,637	12,406	10,306	10,742
33,708	32,603	34,078	32,429

16,217	15,851	17,176	21,417	17,674
4,389	6,587	7,449	6,993	6,359
2,469	3,593	3,605	4,866	3,637
23,075	26,031	28,230	33,276	27,670
456	595	618	925	649
23,531	26,626	28,848	34,201	28,319
6,134	5,048	5,754	7,406	6,088
12,170	15,056	18,857	23,068	17,308
41,835	46,730	53,459	64,675	51,715

20,898
6,358
8,699

35,955
506
36,461
6,836
25,732

69,029

94,966	111,336	88,254	380,518	102,903	124,089	162,963	188,832	578,787	195,246
1,833	2,795	6,564	11,576	7,844	12,912	10,525	23,389	54,670	36,339
96,799	114,131	94,818	392,094	110,747	137,001	173,488	212,221	633,457	231,585
82,699	109,351	109,872	99,337	141,865	152,627	212,174	276,865	196,148	302,694

Retail Energy Services			1999					2000			2001
In Millions, Except Where Noted	1st Qtr	2nd Qtr	3rd Qtr	4th Qtr	Year	1st Qtr	2nd Qtr	3rd Qtr	4th Qtr	Year	1st Qtr
Revenues(1)	$ 181	$ 161	$ 202	$ 332	$ 876	$ 314	$ 420	$ 535	$ 497	$ 1,766	$ 693
IBIT (recurring) (1)	$ (39)	$ (33)	$ (15)	$ 37	$ (50)	$ 6	$ 46	$ 27	$ 32	$ 111	$ 40
Total Contract Value (In Billions) (3)	$ 1.7	$ 1.7	$ 2.5	$ 2.6	$ 8.5	$ 3.7	$ 3.8	$ 4.1	$ 4.5	$ 16.1	$ 5.9

Broadband Services	1999			2000			2001
(In Millions, Except Where Noted	1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Year	1st Qtr	2nd Qtr	3rd Qtr	4th Qtr	Year	1st Qtr
Revenues	- - - - -	$ 59	$ 151	$ 135	$ 63	$ 408	$ 83
[BIT	- - - - -	$ -	$ (8)	$ (20)	$ (32)	$ (60)	$ (35)
Total Contract Value (3)	- - - - -	$ 31	$ 1,019	$ 19	$ 86	$ 1,155	$ 45
Terabytes Delivered (4)	- - - - -	6,005	13,692	19,446	33,263	72,406	43,400

(1) Beginning in 2001, risk management activities associated with Enron's retail customers are managed by Wholesale Services. Prior period Wholesale Services and Retail Energy Services amounts have been restated
(2) Represents electricity volumes, converted to BBtue/d.
(3) Represents customers' estimated future expenditures related to new contracts.
(4) Unit of measurement for data delivered, equal to one trillion bytes.

45

  1999 2000 2001
2nd Qtr 3rd Qtr 4th Qtr Year 1st Qtr 2nd Qtr_ 3rd Qtr 4th Qtr Year 1st QI

$ 232 $ 88 $ 169 $ 121 $ 610 $ 256 $ 420 $ 407 $ 539 $ 1,622 $ 785
136 325 240 149 850 220 55 305 309 889 59
(40) (50) (34) (37) (161) (47) (60) (82) (70) (259) (89
$ 328 $ 363 $ 375 $ 233 $ 1,299 $ 429 $ 415 $ 630 $ 778 $ 2,252 $ 755

E CO6419BO101197 Printed: 4/17/2001 1238 AM

EXH066-00426