HOUSTON – Enron announced today that it will post definitive documents related to the sale of its North American wholesale electricity and natural gas trading business to UBS Warburg AG on both the company’s website, www.enron.com, and on the website for the Bankruptcy Court of the Southern District of New York, www.nysb.uscourts.gov, by 8:30 a.m. EST on Monday, Jan. 14, 2002.

The Bankruptcy Court has scheduled a hearing at 2 p.m. EST on Thursday, Jan. 17, 2002, to consider final approval for the transaction.

Enron markets electricity and natural gas, delivers energy and other physical commodities, and provides financial and risk management services to customers around the world. Enron’s Internet address is www.enron.com. The stock is traded under the ticker symbol “ENE.”

This press release contains statements that are forward-looking within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and that actual results could differ materially as a result of known and unknown risks and uncertainties, including: various regulatory issues, the outcome of the company’s Chapter 11 process, the outcome of the litigation discussed above, general economic conditions, future trends, and other risks, uncertainties and factors disclosed in the Company’s most recent reports on Forms 10-K, 10-Q and 8-K filed with the Securities and Exchange Commission.