Enron Mail

From:enron.announcement@enron.com
To:enron.employees@enron.com
Subject:PPA Auction
Cc:
Bcc:
Date:Thu, 3 Aug 2000 09:33:00 -0700 (PDT)

The Government of Alberta Power Purchase Arrangement Auction of the regulated
generation Plants and Units commenced Wednesday, August 2nd, and will
continue through a number of rounds over a number of days and possibly
weeks. Enron Canada Power Corp. (ECPC), a wholly-owned subsidiary of Enron
Canada Corp., is an Invited Bidder participating in the Auction. For
strategic corporate purposes and as a result of restrictions imposed under
the Auction Participation Agreement and the Auction Rules (compliance with
which is secured by a US$27MM Bid Deposit), any information, details or
speculation regarding ECPC's involvement in the Auction, including whether
ECPC is participating or continuing to participate in the Auction or has
withdrawn from the Auction at any time, the Plants or Units ECPC is or is not
bidding on, the amounts ECPC is bidding or is approved for bidding, and any
other information whatsoever about the Auction process is to be kept strictly
confidential. In particular, the Auction has been followed closely by the
media and may be of interest to shareholders, investors and other
constituents, and such communications are prohibited until after the Auction
has been completed and the Winning Bidders have been announced by the
Government of Alberta.

If you have any questions or concerns, please contact Peter Keohane, Enron
Canada Corp., at 403-974-6923 or Peter.Keohane@enron.com.