Enron Mail

From:enron.announcements@enron.com
To:enron.employees@enron.com
Subject:The New Power Company; Reserved Share Program
Cc:
Bcc:
Date:Tue, 3 Oct 2000 02:21:00 -0700 (PDT)

Enron U.S. Employees:

The period during which Enron U.S. employees were afforded an opportunity to
make expressions of interest to acquire shares of common stock of TNPC, Inc,
an affiliate of Enron Corp., pursuant to the Reserved Share Program ended on
Monday, October 2, 2000. PaineWebber Incorporated will contact all persons
who expressed an interest in the Reserved Share Program on or before such
expiration date.

In connection with such program, the Securities and Exchange Commission has
requested that PaineWebber inform participants in the TNPC, Inc. Reserved
Share Program that by acknowledging in the Expression of Interest Form for
TNPC, Inc. that they have received and read the preliminary prospectus, they
have in no way waived any rights under the federal securities laws of the
United States.

The following statements are required to be included in this E-Mail by the
rules and regulations of the Securities and Exchange Commission:

"A registration statement relating to the shares has been filed with the
Securities and Exchange Commission but has not yet become effective. These
securities may not be sold nor may offers to buy be accepted prior to the
time the registration statement becomes effective. This E-Mail shall not
constitute an offer to sell or the solicitation of an offer to buy nor shall
there be any sales of these securities in any state in which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such state."

"No offer to buy the securities can be accepted and no part of the purchase
price can be received until the registration statement has become effective,
and any such offer may be withdrawn or revoked, without obligation or
commitment of any kind, at any time prior to notice of its acceptance given
after the effective date. An indication of interest in response to this
advertisement will involve no obligation or commitment of any kind."