Enron Mail

From:kay.chapman@enron.com
To:enron.administration@enron.com
Subject:Organizational Changes
Cc:chris.behney@enron.com
Bcc:chris.behney@enron.com
Date:Thu, 7 Dec 2000 06:57:00 -0800 (PST)

Adriana Domingues/SA/Enron Adriana Perrone/SA/Enron@Enron, Adriana=20
Salvia/SA/Enron@Enron, Adriano Pereira/SA/Enron@Enron, Adriano=20
Santos/SA/Enron@Enron, Alexandre Bueno/SA/Enron@Enron, Ana Cristina=20
Santos/SA/Enron@Enron, Andre Salomao/SA/Enron@Enron, Andreia=20
Almeida/SA/Enron@Enron, Annelise Vendramini/SA/Enron@Enron, Antonio=20
Duarte/SA/Enron@Enron, Bernardino Santos/SA/Enron@Enron, Breno=20
Nogueira/SA/Enron@Enron, Carlos Luvizotto/SA/Enron@Enron, Carlos Gustavo=20
Azevedo/SA/Enron@Enron, Cecilia Mercio/SA/Enron@Enron, Christian=20
Krelling/SA/Enron@Enron, Christian Vasconcellos/SA/Enron@Enron, Claudia=20
Brun/SA/Enron@Enron, Claudia de Araujo Bomfim/SA/Enron@Enron, Claudia=20
Lemos/SA/Enron@Enron, Cristiana Mateus/SA/Enron@Enron, Cristiane=20
Ronza/SA/Enron@Enron, Debora Klinger/SA/Enron@Enron, Dilma=20
Lopes/SA/Enron@Enron, Edineth R Santos/SA/Enron@Enron, Edmundo=20
Picucci/SA/Enron@Enron, Eduardo Cancian/SA/Enron@Enron, Eduardo=20
Camara/SA/Enron@Enron, Eliana Marcon/SA/Enron@Enron, Eliane=20
Eusebio/SA/Enron@Enron, Elio Kumoto/SA/Enron@Enron, Elizabeth=20
Serralheiro/SA/Enron@Enron, Emmanuel Rengade/SA/Enron@Enron, Erica=20
Wolf/SA/Enron@Enron, Fabiana Lopes/SA/Enron@Enron, Fernanda=20
Fernandes/SA/Enron@Enron, Fernando Bacellar/SA/Enron@Enron, Flavio=20
Ferrari/SA/Enron@Enron, Flavio Silberberg/SA/Enron@Enron, Francesco M=20
Sirangelo/SA/Enron, Francisco Carneiro/SA/Enron@Enron, Francisco=20
Riggio/SA/Enron, Francy Botaro/SA/Enron@Enron, Franz Coelho/SA/Enron@Enron,=
=20
Fred Sampaio/Sao Paulo/ELEKTRO, Giovanna Poladian/SA/Enron@Enron, Gisela=20
Schwalm/SA/Enron@Enron, Gisele S Braz/SA/Enron@Enron, Gisele=20
Soares/SA/Enron@Enron, Glauco Palhoto/SA/Enron@Enron, Gustavo=20
Moraes/SA/Enron@Enron, Guy Ishikawa/SA/Enron@Enron, Idel=20
Metzger/SA/Enron@Enron, Isaque Nagata/SA/Enron@Enron, Ivan=20
Padilha/SA/Enron@Enron, Ivan G Rodrigues/SA/Enron@Enron, Joao Carlos=20
Albuquerque/SA/Enron@Enron, Joao Guimaraes/SA/Enron@Enron, Joao=20
Machado/SA/Enron@Enron, Joca Paciello/SA/Enron@Enron, Jose Lucio=20
Reis/SA/Enron@Enron, Jose Salles/SA/Enron@Enron, Jose Anson/SA/Enron@Enron,=
=20
Joyce Teixeira/SA/Enron@Enron, Juliana Rocha/SA/Enron@Enron, Julie=20
Ramos/SA/Enron@Enron, Katia Cardeano/SA/Enron@Enron, Karla=20
Azevedo/SA/Enron@Enron, Liliana Casey/SA/Enron@Enron, Lindolfo Ernesto=20
Paixao/SA/Enron@Enron, Livia Cabral/SA/Enron@Enron, Luciana=20
Rinaldi/SA/Enron@Enron, Luis Berti/SA/Enron@Enron, Luiz=20
Watanabe/SA/Enron@Enron, Luiz Baccaro/SA/Enron@Enron, Luiz=20
Otavio/SA/Enron@Enron, Luiz Maurer/SA/Enron@Enron, Marcel=20
Mattos/SA/Enron@Enron, Marc Grossmann/SA/Enron@Enron, Marcelo=20
Alves/SA/Enron@Enron, Marcelo Rassekh/SA/Enron@Enron, Marcelo=20
Parodi/SA/Enron@Enron, Marcia Manarin/SA/Enron@Enron, Marcus=20
Stephan/SA/Enron@Enron, Margaret Santos/SA/Enron@Enron, Maria Ines=20
Brunetti/SA/Enron@Enron, Maria Pereira/SA/Enron@Enron, Marianne M=20
Arake/SA/Enron@Enron, Marina Silva/SA/Enron@Enron, Marlene S=20
Muniz/SA/Enron@Enron, Mary Ann Oliveira/SA/Enron@Enron, Mateus=20
Andrade/SA/Enron@Enron, Mervyn Lowe/SA/Enron@Enron, Milena=20
Matone/SA/Enron@Enron, Mina Miyakawa/SA/Enron@Enron, Moacyr=20
Carmo/SA/Enron@Enron, Monica Brissac/SA/Enron@Enron, Monica=20
Matias/SA/Enron@Enron, Murilo Hyai/SA/Enron@Enron, Nadege=20
Araujo/SA/Enron@Enron, Nilson Busto/SA/Enron@Enron, Patricia=20
Dutra/SA/Enron@Enron, Patricia Scholz/SA/Enron@Enron, Paula=20
Oliveira/SA/Enron@Enron, Plinio Prado/SA/Enron@Enron, Regina=20
Oliveira/SA/Enron@Enron, Renata Teke/SA/Enron@Enron, Ricardo D=20
Cunha/SA/Enron@Enron, Ricardo Mucci/SA/Enron@Enron, Ricardo=20
Konishi/SA/Enron@Enron, Ricardo Lisboa/SA/Enron@Enron, Ricardo=20
Szlejf/SA/Enron@Enron, Robert Gross/SA/Enron@Enron, Roberta=20
Luccas/SA/Enron@Enron, Roberto Hukai/SA/Enron@Enron, Roberto=20
Silveira/SA/Enron@Enron, Roberto Schloesser/SA/Enron@Enron, Roderick=20
Blackham/SA/Enron@Enron, Rodrigo Garcia/SA/Enron@Enron, Rosane=20
Fabozzi/SA/Enron@Enron, Sami Arap/SA/Enron@Enron, Samira=20
Ravagnani/SA/Enron@Enron, Sandra Vassel/SA/Enron@Enron, Sergio=20
Nomura/SA/Enron@Enron, Sergio Santos/SA/Enron@Enron, Silvana=20
Granata/SA/Enron@Enron, Simone Noda/SA/Enron@Enron, Sueli=20
Soave/SA/Enron@Enron, Suhail Arap/SA/Enron, Tomas Mohovic/SA/Enron, Tu=20
Ling/SA/Enron@Enron, Vera Elias/SA/Enron@Enron, Walter Lopes/SA/Enron@Enron=
,=20
Jorge Gumucio/SA/Enron, Orlando Gonzalez/SA/Enron, Britaldo Soares/SA/Enron=
,=20
Marcia Rezende/SA/Enron, Rejane Pansiera/SA/Enron, Rinaldo Pecchio/SA/Enron=
,=20
Sergio Assad/SA/Enron, Alfredo Bottone/SA/Enron, Andre=20
Cangucu/ENRON_DEVELOPMENT, Fabio Garcia/NA/Enron, Paulo Squariz/SA/Enron,=
=20
Ricardo Sassatani/SA/Enron@Enron, Adela Viana Presa/SA/Enron@Enron, Anderso=
n=20
Bastos/SA/Enron@Enron, Andrea Marques/SA/Enron@Enron, Ane=20
Borges/SA/Enron@Enron, Armando Laudorio/SA/Enron@Enron, Carla=20
Santanna/SA/Enron@Enron, Celina Ozorio/SA/Enron@Enron, David=20
Mouta/SA/Enron@Enron, Eduardo Requena/SA/Enron@Enron, Fabio=20
Silva/SA/Enron@Enron, Fernanda Araujo/SA/Enron@Enron, Francisco=20
Panaro/SA/Enron@Enron, Gabrielle Silva/SA/Enron@Enron, Isabel=20
Pojo/SA/Enron@Enron, Joana Alvares/SA/Enron@Enron, Joao=20
Milanez/SA/Enron@Enron, Joao Nelson/SA/Enron@Enron, Jose=20
Garcez/SA/Enron@Enron, Leymir Melo/SA/Enron@Enron, Marcio=20
Goes/SA/Enron@Enron, Orlando Puppin/SA/Enron@Enron, Paula=20
Porto/SA/Enron@Enron, Sergio Cunha/SA/Enron@Enron, Valeria=20
Lima/SA/Enron@Enron, Erik Kingshill/NA/Enron@Enron, Ezequiel=20
Benitez/NA/Enron@Enron, Felipe Ospina/NA/Enron@ENRON, Flavia=20
Negrete/NA/Enron@Enron, G G Garcia/NA/Enron@Enron, Gerald L=20
Gobbi/NA/Enron@Enron, Glenn E Matthys/NA/Enron@Enron, Grisela=20
Escamilla/NA/Enron@Enron, Jeremy Dawson/NA/Enron@Enron, Joana Ryan=20
Bekerman/NA/Enron@Enron, John Guidry/NA/Enron@Enron, John R=20
Ayres/NA/Enron@Enron, Joy Oliver/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Karen=
E=20
Campos/NA/Enron@Enron, Kathleen Wagner/NA/Enron@Enron, Keith=20
Miceli/Corp/Enron@Enron, Lewis May/SA/Enron@Enron, Lisa B=20
Alderman/NA/Enron@Enron, Lisa Connolly/NA/Enron@Enron, Lisa=20
Wolfe/NA/Enron@Enron, Luly Stephens/NA/Enron@Enron, Lynn Aven/NA/Enron@Enro=
n,=20
Mary Kimball/NA/Enron@Enron, MaryHelen Martinez/NA/Enron@Enron, Mercy=20
Gil/NA/Enron@Enron, Michael Cunningham/NA/Enron@Enron, Michael J=20
Popkin/NA/Enron@Enron, Miguel Padron/NA/Enron, Mike G Smith/NA/Enron@Enron,=
=20
Molly Bobrow/NA/Enron@Enron, Nancy H Vu/NA/Enron@Enron, Nancy=20
Muchmore/NA/Enron@Enron, Neil Sainsbury-Carter/NA/Enron@Enron, Peter E=20
Weidler/NA/Enron@Enron, Rafael Rangel/NA/Enron@Enron, Rick=20
Hopkinson/NA/Enron@Enron, Rob G Gay/NA/Enron@Enron, Robin L=20
Treadwell/NA/Enron@Enron, Samantha Bryce/NA/Enron@Enron, Sergio=20
Avila/NA/Enron@Enron, Terri Denning/Corp/Enron@Enron, Thach C=20
Phan/Corp/Enron@Enron, Tracee Bersani@ECT, Veronica Perez/NA/Enron@Enron,=
=20
Yvette Pinero/NA/Enron, Roberto Daniels/NA/Enron, Alberto Carreno/NA/Enron,=
=20
Andrea Calo/SA/Enron, Ariel Bruch/ENRON_DEVELOPMENT, Bernardo=20
Andrews/ENRON_DEVELOPMENT, Carolina Waingortin/ENRON_DEVELOPMENT, Cecilia=
=20
Morellato/ENRON_DEVELOPMENT, Cristian Folgar/ENRON_DEVELOPMENT, Diego=20
Hollweck/ENRON_DEVELOPMENT, Eduardo Ojea Quintana/ENRON_DEVELOPMENT, Erica=
=20
Mestre/SA/Enron, Federico Boveda/SA/Enron, Gabriela Aguilar/SA/Enron,=20
Guillermo Atenor/SA/Enron, Guillermo Canovas/SA/Enron, Guillermo=20
Mulville/SA/Enron, John J Shoobridge/ENRON_DEVELOPMENT, Julian=20
Poole/ENRON_DEVELOPMENT, Julieta Sedarkevich/SA/Enron, Laura=20
Feldman/SA/Enron, Luis Juarros/SA/Enron, Maria Pia Beccaccini/SA/Enron, Mar=
ia=20
Fernanda Perez Cometto/ENRON_DEVELOPMENT, Mariana Loaiza/SA/Enron, Mario=20
Aguilar Benitez/SA/Enron, Marisa Pardellas/SA/Enron, Marta Ortiz/SA/Enron,=
=20
Miguel Cordoba/SA/Enron, Nadia Rodriguez/SA/Enron, Nancy Dominguez/SA/Enron=
,=20
Pablo Acevedo/SA/Enron, Pablo De Rose/SA/Enron, Patrick=20
Hansen/ENRON_DEVELOPMENT, Rodolfo Freyre/SA/Enron, Santiago=20
Porta/ENRON_DEVELOPMENT, Veronica Leppez/ENRON_DEVELOPMENT, Gustavo=20
Bertocchi/SA/Enron, Carlos Bastos/SA/Enron, Fabian Valle/SA/Enron, Silvia=
=20
Dalton/SA/Enron, Sara Dorfman/SA/Enron, Maria Belen Salvador/SA/Enron,=20
Leandro Colosqui/SA/Enron, Jorge Lamoure/SA/Enron, Bernardita De=20
Negri/SA/Enron, Maria Jose Minguillon/SA/Enron, Steve Hopper/TRANSREDES, Ra=
y=20
Alvarez/TRANSREDES, Frank M Sugranes/TRANSREDES, John A Hatton/TRANSREDES,=
=20
Nasim H Khan/TRANSREDES, Denise Almoina/ENRON_DEVELOPMENT, Ernesto=20
Blanco/ENRON_DEVELOPMENT, Mark Provenzano/ENRON_DEVELOPMENT, Ronald=20
Pantin/Ventane/Enron, Miguel Mendoza/ENRON_DEVELOPMENT, Enrique=20
Cadena/HOU/EES, Carlos Alencar/SA/Enron@Enron, Carlos Leme/SA/Enron@Enron,=
=20
Claudio Camargos/SA/Enron@Enron, Helder Mendes/SA/Enron@Enron, Lauro=20
Perdiz/SA/Enron@Enron, Olga Guerreiro/SA/Enron@Enron, Ricardo=20
Cavalcanti/SA/Enron@Enron, Taciana Amaral/SA/Enron@Enron,=20
Garcia.edi@compagas.com.br, Aamelia@scgas.com.br, Estefano=20
Vaine/SA/Enron@Enron, Jacy Britto/SA/Enron@Enron, Rblima@scgas.com.br, D'Ar=
cy=20
Carroll/SA/Enron@Enron, James M Bannantine/ENRON_DEVELOPMENT, Jose=20
Bestard/ENRON_DEVELOPMENT, Joe Kishkill/SA/Enron@Enron, Jose=20
Linardi/SA/Enron@Enron, Ricky Lynn Waddell/SA/Enron@Enron, Brett R=20
Wiggs/SA/Enron@Enron, Edward E Graham/SA/Enron@Enron, John=20
Novak/SA/Enron@Enron, Vicky Martinez/SA/Enron@Enron, James Joseph=20
Monroe/SA/Enron@Enron, Remi Collonges/SA/Enron@Enron, Michael=20
Guerriero/SA/Enron, Jeff Kabel/SA/Enron, Federico Cerisoli/SA/Enron, David =
M=20
Rosenberg/SA/Enron@Enron, Maria Ines Granado/SA/Enron, Abraham=20
Moreno/NA/Enron@Enron, Allen W Ueckert/NA/Enron@Enron, Blanca=20
Bollom/NA/Enron@Enron, Brenda Garza-Castillo/NA/Enron@Enron, Brian=20
Swinford/NA/Enron@Enron, Clarissa Cooper/NA/Enron@Enron, Connie F=20
Estrems/NA/Enron@Enron, Danthea Dumayas/NA/Enron@Enron, Darryl S=20
Free/NA/Enron@Enron, Erik Kingshill/NA/Enron@Enron, Ezequiel=20
Benitez/NA/Enron@Enron, Felipe Ospina/NA/Enron@ENRON, Flavia=20
Negrete/NA/Enron@Enron, G G Garcia/NA/Enron@Enron, Gerald L=20
Gobbi/NA/Enron@Enron, Glenn E Matthys/NA/Enron@Enron, Grisela=20
Escamilla/NA/Enron@Enron, Jeremy Dawson/NA/Enron@Enron, Joana Ryan=20
Bekerman/NA/Enron@Enron, John Guidry/NA/Enron@Enron, John R=20
Ayres/NA/Enron@Enron, Joy Oliver/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Karen=
E=20
Campos/NA/Enron@Enron, Kathleen Wagner/NA/Enron@Enron, Keith=20
Miceli/Corp/Enron@Enron, Lewis May/SA/Enron@Enron, Lisa B=20
Alderman/NA/Enron@Enron, Lisa Connolly/NA/Enron@Enron, Lisa=20
Wolfe/NA/Enron@Enron, Luly Stephens/NA/Enron@Enron, Lynn Aven/NA/Enron@Enro=
n,=20
Mary Kimball/NA/Enron@Enron, MaryHelen Martinez/NA/Enron@Enron, Mercy=20
Gil/NA/Enron@Enron, Michael Cunningham/NA/Enron@Enron, Michael J=20
Popkin/NA/Enron@Enron, Miguel Padron/NA/Enron, Mike G Smith/NA/Enron@Enron,=
=20
Molly Bobrow/NA/Enron@Enron, Nancy H Vu/NA/Enron@Enron, Nancy=20
Muchmore/NA/Enron@Enron, Neil Sainsbury-Carter/NA/Enron@Enron, Peter E=20
Weidler/NA/Enron@Enron, Rafael Rangel/NA/Enron@Enron, Rick=20
Hopkinson/NA/Enron@Enron, Rob G Gay/NA/Enron@Enron, Robin L=20
Treadwell/NA/Enron@Enron, Samantha Bryce/NA/Enron@Enron, Sergio=20
Avila/NA/Enron@Enron, Terri Denning/Corp/Enron@Enron, Thach C=20
Phan/Corp/Enron@Enron, Tracee Bersani@ECT, Veronica Perez/NA/Enron@Enron,=
=20
Yvette Pinero/NA/Enron, Roberto Daniels/NA/Enron, Alberto Carreno/NA/Enron,=
=20
Andrea Calo/SA/Enron, Ariel Bruch/SA/Enron, Bernardo Andrews/SA/Enron,=20
Carolina Waingortin/SA/Enron, Cecilia Morellato/SA/Enron, Cristian=20
Folgar/SA/Enron, Diego Hollweck/SA/Enron, Eduardo Ojea=20
Quintana/ENRON_DEVELOPMENT, Erica Mestre/SA/Enron, Federico Boveda/SA/Enron=
,=20
Gabriela Aguilar/SA/Enron, Guillermo Atenor/SA/Enron, Guillermo=20
Canovas/SA/Enron, Guillermo Mulville/SA/Enron, John J Shoobridge/SA/Enron,=
=20
Julian Poole/ENRON_DEVELOPMENT, Julieta Sedarkevich/SA/Enron, Laura=20
Feldman/SA/Enron, Luis Juarros/SA/Enron, Maria Pia Beccaccini/SA/Enron, Mar=
ia=20
Fernanda Perez Cometto/SA/Enron, Mariana Loaiza/SA/Enron, Mario Aguilar=20
Benitez/SA/Enron, Marisa Pardellas/SA/Enron, Marta Ortiz/SA/Enron, Miguel=
=20
Cordoba/SA/Enron, Nadia Rodriguez/SA/Enron, Nancy Dominguez/SA/Enron, Pablo=
=20
Acevedo/SA/Enron, Pablo De Rose/SA/Enron, Patrick Hansen/SA/Enron, Rodolfo=
=20
Freyre/SA/Enron, Santiago Porta/SA/Enron, Veronica Leppez/SA/Enron, Gustavo=
=20
Bertocchi/SA/Enron, Carlos Bastos/SA/Enron, Fabian Valle/SA/Enron, Silvia=
=20
Dalton/SA/Enron, Sara Dorfman/SA/Enron, Maria Belen Salvador/SA/Enron,=20
Leandro Colosqui/SA/Enron, Jorge Lamoure/SA/Enron, Bernardita De=20
Negri/SA/Enron, Maria Jose Minguillon/SA/Enron, Steve Hopper/TRANSREDES, Ra=
y=20
Alvarez/TRANSREDES, Frank M Sugranes/TRANSREDES, John A Hatton/TRANSREDES,=
=20
Nasim H Khan/TRANSREDES, Denise Almoina/ENRON_DEVELOPMENT, Ernesto=20
Blanco/ENRON_DEVELOPMENT, Mark Provenzano/ENRON_DEVELOPMENT, Ronald=20
Pantin/Ventane/Enron, Miguel Mendoza/ENRON_DEVELOPMENT, Enrique=20
Cadena/HOU/EES, German Mutis/ENRON_DEVELOPMENT, Adriana=20
Cabrera/ENRON_DEVELOPMENT, Alberto Levy/SA/Enron, Marilyn Rios/Ventane/Enro=
n,=20
Jesus Rivero/SA/Enron, Sandra Lugo/ENRON_DEVELOPMENT, Mark Frevert/NA/Enron=
,=20
Greg Whalley/HOU/ECT, David W Delainey/HOU/ECT, John J Lavorato/Corp/Enron,=
=20
Mark E Haedicke/HOU/ECT, Richard Shapiro/NA/Enron, Wes Colwell/HOU/ECT, Dav=
id=20
Oxley/HOU/ECT, Joseph Deffner/HOU/ECT, Rebecca McDonald/ENRON_DEVELOPMENT,=
=20
James A Hughes/ENRON_DEVELOPMENT, Nicki Daw/NA/Enron, Kay Chapman/HOU/ECT,=
=20
Kimberly Hillis/HOU/ECT



------------------------------------------------------------message--
-----------------------------------------------------------------
I need ASAP-- South America is going home & they are off tomorrow ----Thank=
s,=20
kay


On November 8, the Office of the Chairman, issued an important communicatio=
n,=20
announcing significant organizational changes in Enron's worldwide=20
operations. The purpose of this memo is to share with you the decisions tha=
t=20
are underway to restructure Enron=01,s operations in South America. The b=
asic=20
organizational framework has been set.=20

As you know, Diomedes Christodoulou and Jim Bannantine will be assuming new=
=20
responsibilities within Enron. Replacing them will be Orlando Gonzalez and=
=20
Joe Kishkill, who will become the Co-Presidents of South America, reporting=
=20
to Dave Delainey and John Lavorato. They will share overall responsibility=
;=20
however, Orlando=01,s focus will be on direct sales origination,=20
commercial/government relationships and regulatory issues. Joe=01,s focus =
will=20
be on wholesale origination, financial and operating performance and overal=
l=20
country management. In addition, Orlando will continue as President and CE=
O=20
of Elektro until its ultimate sale.

The existing, large integrated asset base in South America (excluding=20
Elektro) will be managed and operated by Rebecca McDonald and Jim Hughes in=
=20
Enron Global Assets, which is part of Enron Wholesale Services under Mark=
=20
Frevert. Ultimately, there will be very close coordination in both Brazil a=
nd=20
Argentina between Enron Americas and Enron Global Assets to ensure that our=
=20
reputation in South America is protected, our asset positions are being=20
managed prudently and that commercial opportunities surrounding these asset=
s=20
are pursued.

The remaining natural gas and electrical commercial activities in South=20
America will be organized around the highly successful North American netwo=
rk=20
business model. This model employs people, market making, physical=20
commodities, capital and assets to provide reliable, flexible and high-valu=
e=20
products to our customers. It is people and intellectual capital based and=
=20
enjoys high rates of return on invested capital.

In the interest of pursuing this strategy, the following teams will report =
to=20
Joe and Orlando:
=20
The Commercial Origination team will be lead by Brett Wiggs. The team will=
=20
focus on covering South American markets, primarily Brazilian and Argentine=
=20
natural gas and electricity, with the following goals:

? Generating new, innovative, reliable and high value products and services=
=20
needed by the market by utilizing our commodity, asset and capital=20
capabilities;
? Providing those products and services across South America and across the=
=20
value chain, including wholesale and retail, based upon the highest value=
=20
opportunity;
? Finding structural value arbitrages in the South American market and move=
=20
quickly to capitalize;
? Assisting the Risk Management and Trading organization in managing the=20
overall risk of the organization;
? Managing all new power and asset development opportunities in South Ameri=
ca=20
consistent with this strategy, and
? Providing the Risk Management and Trading organization information and de=
al=20
flow.

The Commercial Origination team will consist of a diverse group of people w=
ho=20
work as a single team which bring the required skills including commodity,=
=20
capital, regulatory, asset, development, market, structuring, deal executio=
n,=20
finance and country knowledge necessary to reach our goals.=20

The Trading and Risk Management team will be headed by Remi Collonges. The=
=20
team will continue to develop pricing information and manage the price book=
=20
for the relevant energy markets in support of the wholesale and direct sale=
s=20
efforts. Additionally, the team will work toward implementation of activel=
y=20
trading South American energy commodities. This group will be responsible=
=20
for managing Enron South America=01,s overall risk and will have a direct=
=20
reporting relationship with John Lavorato in his role as head of the Americ=
as=20
risk activities.

The Argentine effort will be integrated into the overall South American=20
Commercial Origination and Trading and Risk Management groups; however, we=
=20
will continue to maintain an Argentine office headed by Michael Guerriero. =
=20

The goal of the reorganization is to create a flat team oriented organizati=
on=20
that is very market and commercially focused. The following support=20
functions will assist the overall business objectives of the commercial tea=
m=20
and will report into Joe and Orlando, plus into their line functions in=20
Houston. The overall goal is to ensure that the South American business=20
units have an adequate support organization to evaluate opportunities, as=
=20
well as manage day-to-day business and risk. Otherwise, the Houston=20
infrastructure will provide resources as needed to manage peak requirements=
=20
in South America, not unlike other businesses in Enron Americas.

These groups include:

The Government Affairs team, which will be headed by Sergio Assad, will=20
manage the relationships with the relevant regulatory agencies as well as=
=20
governmental ministries. The primary regulatory goal will be to facilitate=
,=20
in the near term, substantive changes to the regulatory rules to allow a=20
functioning wholesale traded market in Brazil and Argentina. Sergio will=20
assume his responsibilities upon completion of the Elektro sale. During th=
is=20
interim period, Jose Bestard will continue to be in charge of the regulator=
y=20
function. Once Sergio makes the transition, he will also report to Rick=20
Shapiro in Enron Government Affairs.

The Finance team will be headed by Britaldo Soares. The team will manage t=
he=20
interface with Enron Global Finance. Britaldo will transition from his=20
current duties at Elektro upon completion of the Elektro sale. Britaldo wi=
ll=20
also report to Joe Deffner in Enron Global Finance. Rob Gay will be=20
assisting Britaldo during the transition, while continuing his work on the=
=20
Cuiaba project.

The Legal team, which will be lead by Randy Young, as general counsel, and=
=20
John Novak, as deputy general counsel, will manage South America=01,s legal=
=20
requirements. Randy and John will also report to Mark Haedicke in Enron=20
Wholesale Services - Legal Department.

Miguel Padron will become Chief of Staff. Human Resources, Information=20
Technology, Treasury, Accounting & Reporting, as well as Administration wil=
l=20
report to Miguel. This will bring focus to essential, but non-commercial=
=20
functions, as well as more efficiently manage key matrix reporting=20
relationships with Enron. Miguel will also report to David Oxley in Enron=
=20
Wholesale Services =01) Human Resources and Wes Colwell in Enron Wholesale=
=20
Services =01) Business Analysis and Reporting.

These changes are consistent with Enron's evolving business strategy and=20
reflect our continuing commitment to grow the company by maximizing our=20
financial and intellectual capital. However, in line with the new=20
organizational structure and the near term potential for business in the=20
region, further budget reductions will be necessary. People directly=20
affected will be notified shortly.
=20
Enron is committed to continue the successful implementation of its=20
businesses in South America. We believe that as the markets develop, we ar=
e=20
uniquely positioned to leverage Enron=01,s core capabilities and create=20
shareholder value.=20