Regulatory Risk Analysis- Phase II

FYI. We are focusing the "Next 20" on Non-US and Non-European assets. Our
goal is to have this phase complete by July 7, 2000.

Thanks,

Jim

---------------------- Forwarded by James D Steffes/HOU/EES on 06/14/2000
07:18 AM ---------------------------

John Neslage @ ENRON_DEVELOPMENT

06/13/2000 06:25:04 PM

To: Mike Dahlke/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Alberto Levy@Enron, Jose
Bestard/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Thane
Twiggs/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jane
Wilson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Amr
Ibrahim/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Gloria
Ogenyi/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mac
McClelland/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: James D Steffes@EES, Mark Schroeder@ECT, Richard Shapiro@EES, Gia
Maisashvili/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Regulatory Risk Analysis- Phase II

Please see the attached memorandum and spreadsheet detailing the second phase
of our Global Regulatory Risk Review Process. Our deadline for completion
of this phase is July 7th, 2000, so we will be in contact with each of you
individually soon.

Thanks-
Regulatory Risk Analytics Group