Dabhol - Trigger Dates for Possible Security Incidents

Steve,

Attached is Business Controls' assessment of factors that could cause a
significant deterioration in the security posture at Dabhol. Essentially,
the likelihood of serious security problems seems to be low, but because the
situation is both complicated and extremely fluid, it will need to be watched
closely as matters move toward resolution. We're continuing our on-site
assistance in both Dabhol and Mumbai and fleshing out contingency plans for
evacuation and other worst-case scenarios. A hard copy of this document has
been delivered to Rebecca McDonald.

David Cromley
Director, Business Analysis
Enron Corp.
(713) 345-4513