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Enron Clean Fuels

Jim Prentice

President

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ENRON CLEAN FUELS
MTBE Margins (Index)
Cents Per Gallon

Margin- Act.	21.0	19.1	15.0	18.3	23.6	27.0	52.9	72.7	65.8
Plan	20.4	21.4	17.7	18.6	18.6	18.6	18.6	18.6	18.6

158.1 152.1

160
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120
100

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90.1 95.7

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  1998 1999 Jan. Feb Mar Apr May Jun Jul
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r
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  Natural Gas
Methanol
Normal Butane
-+- MTBE

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ENRON CLEAN FUELS

MTBE Political Environment

March 1999 - California executive order announces phase out

of MTBE by end of 2002. (California represents 113 of

U.S. demand).

June 1999 - California legislative panel affirms executive

order.

July 1999 - EPA Blue Ribbon Panel urges reduction in use of

MTBE.

March 2000 - EPA and Dept. of Agriculture jointly announce

they will seek to reduce or eliminate use of MTBE.

* Several bills have been introduced in both houses of

congress and several state legislatures are seeking to

curtail the use of MTBE.

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Enron Clean Fuels

• Divest Enron's Clean Fuels businesses on terms that avoid further write-offs.

• Status

- Methanol: Praxair interested in converting plant to syngas

- MTBE: No active discussions. Political situation makes sale of facility
difficult.


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Enron Gas Pipeline Group

Summary

• We are on target to meet our 2000 Objectives which include
generating $391 MM of IBIT and achieving funds flow of
$305 MM.

• We are positioned to remain North America's leading energy
transportation service company through our commitments
to operate our pipelines and facilities safely, to grow our
systems and to serve our customers more effectively.


E0004391635 41$01

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