May 2, 2002

HOUSTON – Enron Interim CEO, Stephen F. Cooper will hold a one-hour media conference call on Friday, May 3, 2002 at 4:00pm EDT to discuss a plan to create a new power and pipeline company in North, Central and South America apart from bankrupt Enron. The call will begin at 4:00pm EDT or soon thereafter if the unsecured creditors committee meeting runs long.

The dial-in number is: 719-457-2679, passcode: 172005. The call may also be heard on the web at https://cis.premconf.com/sc/scw.dll/usr?cid=vlllrdlcmmsvclz.

For more information, please call Eric Thode at (713) 853-9053.