Re: Envera Release

I concur

John Ambler@ENRON_DEVELOPMENT
02/12/2001 09:32 AM

To: Steven J Kean/NA/Enron@ENRON
cc:
Subject: Re: Envera Release

Steve,

Actually, EOL and other units of Enron have declined to participate and
specifically asked not to be included in the press release. Confidentially,
this is a case of a developer overselling use of the Enron name for
approximately $5 million equity stake. We have caught him in many half
truths and are uncomfortable going too far with this since we might get be
placed in an awkward position. Because of EOL and our own concerns, we
intentionally toned it down. I believe, in fact, that it is just another
platform as well as an investment. Consequently, we would prefer to keep
this to the minimum of allowing them to issue a press release as included in
the contract. Your concurrence would be appreciated. I am available, if you
wish to discuss this further.

John

From: Steven J Kean@ENRON on 02/11/2001 02:22 PM
To: John Ambler/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: Re: Envera Release

Looks fine as far as it goes ... but don't we want to explain how this fits
in to our strategy? Is it just another platform for us to bring our products
and prices to the market? We have said with respect to EOL that the
transaction is the goal not the platform. Do we want to position this the
same way? Examples of other press releases include our extension of pricing
on EOL to the two other platforms (including Houston Street) which we did a
couple of months ago.

John Ambler@ENRON_DEVELOPMENT
02/09/2001 05:35 PM

To: Steven J Kean/NA/Enron@Enron, Mark Koenig/Corp/Enron@ENRON, Mark
Palmer/Corp/Enron@ENRON, Karen Denne/Corp/Enron@ENRON
cc: Habiba Bayi/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cindy
Derecskey/Corp/Enron@Enron
Subject: Envera Release

Enron Global Markets (EGM) has entered into a cooperative agreement with
Envera, a B2B network for the chemical and petrochemical industry. As part
of this agreement EGM will receive an equity interest in Envera. The
contract allows Envera to issue a press release, subject to our approval.
Attached for your review and comment is the proposed release. This release
has been heavily scrubbed. It is significantly less exposure than in their
initial proposals. Your early approval would be appreciated.

John