Regulatory Risk Conference Call Agenda

Please refer to agenda below for today's conference call. A spreadsheet has
been attached detailing
assets that are currently under review, along with persons responsible for
assisting in this review
process.

The Regulatory Risk Assessment Working Group Agenda:

1. Brief recap of meetings held in Canada and England

- Review the trends discovered from the first phase of risk assessment,
primarily the lack of a standardized due diligence process for Enron's
businesses

2. Focus on development of formal due diligence procedures for various
business segments - i.e. Generation, Distribution, possibly transmission and
retail

- Formation of teams to tackle each of the segments separately

3. Wrap up the second phase of regulatory risk assessment

Conference Room EB-4741 has been reserved for this call.