Weather Memo

fyi
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 11/14/2000
06:22 PM ---------------------------

Mark Tawney
11/14/2000 05:33 PM
To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: Weather Memo

The Weather Risk Management Group will transfer Catherine Woolgar from the
Oslo office to the Houston office as soon as she is able to transition out of
her responsibilities in Olso. In Houston, Catherine will assist in trading
the US portfolio and be responsible for a number of EOL cities. Catherine
has developed a very good understanding of trading weather risk management
products and the peculiarities of the weather market.

Ross McIntyre in the London Office will continue to provide general support
to the Oslo office while developing relationships with the commodity desks in
London and with the market generally. Additionally, Ross will continue to
assist in the development of the trade and portfolio analytical systems to be
utilized globally by the weather desks.

In oder to significantly grow the weather risk management business, we are
committed to the vision of trading and orginating locally while managing
globally. Tthe Weather Risk Management Group ultimately expects to have
weather trading in most Enron's offices that trade other commodities.
Accordingly, as soon as commercially feasible, Catherine will return to
London to work with Ross McIntyre to establish a trading presence in the
London office.