ENRON CORP.
			  Table I - Earnings Summary
			(Unaudited: in mililions except per share data)

									 Year Ended
									December 31,
								      1999       1998

Revenues

Transportation and Distribution:
  Gas Pipeline Group                                     $     181  $      170
  Portland General                                             377         327
Wholesale Energy Operations and Services                     10,774      6,618
Retail Energy Services                                         468         322
Exploration and Production (a)                                    -        230
Corporate and Other (including intercompany eliminations)     (145)         35
    Total Revenues                                       $   11,655 $    7,702

								     $     653  $      653
									  1,379       1,196
									 37,125      27,725
									  1,720       1,072
									   526         884
									  (609)        (270)
								     $   40,794 $    31,260

After tax results

Net income excluding nonrecurring items
Nonrecurring Items:
Gain on sale of EOG stock
Charges related to MTBE asset
Cumulative effect of accounting changes
Net income

$     255$

171

	 -         45
	 -        (40)

$      255$       176

$    953 $

698

      345         45
      (278)       (40)
      (131)         -
$     889 $       703

Earnings (loss) per share (diluted) (b)

EPS (diluted) excluding nonrecurring items
Nonrecurring items:
 Gain on sale of EOG stock
 Charges related to MTBE asset
 Cumulative effect of accounting changes
 EPS (diluted)

Average shares outstanding (diluted) (b)

$      0.30 $    0.24

		 0.07
		 (0.06)

$      0.30 $    0.25

     779.1      716.4

$     1.17 $     1.00

      0.45       0.07
     (0.36)     (0.06)
     (0.17)       -
$     1.09 $     1.01

     769.0      695.3

(a) Reflects results of Enron Oil & Gas through August 16,1999, date of share exchange transaction.
(b) Shares outstanding and EPS amounts have been restated to reflect the two-for-one common stock split that was
   effective August 13, 1999.


									 I

  Quarter Ended
  December 31,
1999       1998

GOVERNMENT
  EXHIBIT
  28707
 Corn No. H 04-0025





					       Fourth Quarter 1999

			    ENRON CORP.
		     Table 2a - Results by Segment
		  (Unaudited: in millions, except per share amounts)


						   Non-
				    Recurring    Recurring

IBIT:
Transportation and Distribution:
  Gas Pipeline Group
  Portland General
Wholesale Energy Operations and Services
Retail Energy Services
Exploration and Production (a)
Corporate and Other
  IBIT
Interest and Related Charges, net
Dividends on Preferred Securities
 of Subsidiaries
Minority Interests
Income Tax Provision
Net Income
Preferred Dividends:
  Second preferred stock
  Series A and Series B Preferred Stock (b)
Earnings on Common Stock

Average Number of Shares Used: (c)
  Basic
  Diluted

Earnings per Common Share: (c)
  Basic
  Diluted

$      97 $
      105            -
      267            -
	7            -


      471            -
      122            -

       20            -
       41            -
       33            -
      255

	4            -
       20            -
$     231  $         -


     779.1       779.1


$     0.30 $       -   $

       97
       105
       267
	 7


       471
       122

       20
       41
       33
       255

	 4
       20
$      231


     715.3
     779.1


$      0.32
       0.30

(a) Reflects results of Enron Oil & Gas through August 16, 1999, date of share exchange transaction.
(b) The Series A and Series B Preferred Stock are antidilutive and therefore have been excluded from the
   calculation of diluted earnings per share.
(c) Shares outstanding and EPS amounts have been restated to reflect the two-for-one common stock split that wa
   effective August 13, 1999.

Total





					  Fourth Quarter 1998

			 ENRON CORP.
		   Table 2b - Results by Segment
		 (Unaudited: in millions, except per share amounts)


					      Non-
				Recurring   Recurring

IBIT:
Transportation and Distribution:
  Gas Pipeline Group
  Portland General
Wholesale Energy Operations and Service
Retail Energy Services
Exploration and Production
Corporate and Other
  IBIT
Interest and Related Charges, net
Dividends on Preferred Securities
 of Subsidiaries
Minority Interests
Income Tax Provision (Benefit)
Net Income
Preferred Dividends:
  Second preferred stock
Earnings on Common Stock

Average Number of Shares Used:
  Basic
  Diluted

Earnings per Common Share:
  Basic
  Diluted

$      84  $
       84
       201
       (26)
       31             -
       26           (39)
       400          (39)
       152            -

       19             -
       17             -
       41           (44)
       171            5

	4             -
$      167 $          5


     716.4        716.4


$      0.24 $      0.01 $

	 84
	 84
	201
	(26)
	 31

	361
	152

	 19
	 17

	176

	  4
$       172


       661.8
       716.4


$       0.26
	0.25

Note: Shares outstanding and EPS amounts have been restated to reflect the two-for-one common stock split that
     effective August 13, 1999.

Total





						1999 Year

			    EN RON CORP.
		     Table 2c - Results by Segment
		  (Unaudited: in millions, except per share amounts)


						   Non-
				    Recurring    Recurring

IBIT:
Transportation and Distribution:
 Gas Pipeline Group
 Portland General
Wholesale Energy Operations and Services
Retail Energy Services
Exploration and Production (a)
Corporate and Other
 IBIT
Interest and Related Charges, net
Dividends on Preferred Securities
 of Subsidiaries
Minority Interests
Income Tax Provision (Benefit)
Income before Cumulative Accounting Changes
Cumulative Effect of Accounting Changes, net of tax
Net Income (Loss)
Preferred Dividends:
 Second preferred stock
 Series A and Series B Preferred Stock (b)
Earnings (Loss) on Common Stock

$      380 $
       305
     1,321
       (68)
	65
       (23)
     1,980
       659

13
13

77

135
156
953

953

(54)
 67
(131)
(64)

      17           -
      49           -
$    887 $       (64)

       380
       305
     1,321
       (68)
       65
  ~A19)
     1,993
       659

       77
       135
       102
     1,020
   ili~i1
       889

	17
       49
$      823

Average Number of Shares Used: (c)
  Basic
  Diluted

Earnings (Loss) per Common Share: (c)
  Basic
  Diluted

    769.0      769.0


$    1.17 $    (0.08) $

      705.3
      769.0


$      1.17
       1.09

(a) Reflects results of Enron Oil & Gas through August 16,1999, date of share exchange transaction.
(b) The Series A and Series B Preferred Stock are antidilutive and therefore have been excluded from the
   calculation of diluted earnings per share.
(C) Shares outstanding and EPS amounts have been restated to reflect the two-for-one common stock split that wa
   effective August 13, 1999.

Total





						   1998 Year

			    ENRON CORP.
		     Table 2d - Results by Segment
		  (Unaudited: in millions, except per share amounts)


						   Non-
				    Recurring    Recurring

IBIT:
Transportation and Distribution:
  Gas Pipeline Group
  Portland General
Wholesale Energy Operations and Services
Retail Energy Services
Exploration and Production
Corporate and Other
  IBIT
Interest and Related Charges, net
Dividends on Preferred Securities
of Subsidiaries
Minority Interests
Income Tax Provision (Benefit)
Net Income
Preferred Dividends:
 Second preferred stock
Earnings on Common Stock

$      351 $
       286            -
       968            -
      (119)           -
       128            -
	 7          (39)
     1,621          (39)
       550            -

	77            -
	77
       219          (44)
       698            5

	17            -
$      681 $          5

       351
       286
       968
       (119)
       128

     1,582
       550

	77
	77
       175
       703

	17
$      686

Average Number of Shares Used:
  Basic
  Diluted

Earnings per Common Share:
 Basic
 Diluted

    695.3      695.3


$    1.00 $     0.01 $

Note: Shares outstanding and EPS amounts have been restated to reflect the two-for-one common stock split that
     effective August 13, 1999.

Total

     642.3
     695.3


$     1.07
      1.01





					    I Transportation
					     and Distribution
			ENRON CORP.
		Table 3a - Core Business Highlights
			  (Unaudited)

 Quarter Ended
 December 31,
1999      1998

  Year Ended
  December 31,
1999       1998

IGas Pipeline Group
(In Millions)
Net Revenues
Operating Expenses
Depreciation & Amortization
Equity in Earnings
Other Income, net
 IBIT

$     176 $
       74
       14
	 8
	 1        4
$      97$       84

167       $     626 $     640
71              264       276
20               66        70
 4               38        32
		 46        25
	  $     380 $     351

Total Volumes Transported (BBtuId) (a)
  Northern Natural Gas
  Transwestern Pipeline
  Florida Gas Transmission
  Northern Border Pipeline

IPortland General
(In Millions)
Revenues
Purchased Power & Fuel
Operating Expenses
Depreciation & Amortization
Other Income, net
  IBIT

$     377 $     327
      179       129
       81        65
       44        47

$     105 $      84

$    1,379 $   1,196
      639       451
      304       295
      181       183
       50        19
$     305  $    286

Retail Customers (end of period, thousands)      719       704

Electricity Sales (Thousand MWh)
 Residential
 Commercial
 Industrial
   Total Retail
 Wholesale
   Total Sales

2,004
1,879
1,198
5,081
3,300
8,381

2,052
1,725
 921
4,698
2,237

719        704

7,404
7,392
4,463
19,259

7,101
6,781

17,444
10,869
28,313

(a) Reflects 100% of each entity~s throughput volumes.

3,738
1,460
1,538
2,406

4,252
1,492
1,310
1,781

3,817
1,462
1,493
2,405

4,098
1,607
1,324
1,770





						Wholesale Energy
						   Operations
						  and Services
			  ENRON CORP.
		  Table 3b - Core Business Highlights
			    (Unaudited)

    Quarter Ended
    December 31,
1999         1998

~Wholesale Energy Operations and Services
(In Millions)
Commodity Sales and Services
Energy Assets and Investments
Unallocated Expenses
 IBIT

$        159 $
	 145

107
140

	j~7j           (46)
$        267$         201

	 Year Ended
	December 31,
     1999         1998


$       636  $       411
	846          709
	(161)      Ji~
$      1,321 $       968

Commodity Sales and Services
Physical Volumes (BBtue/d) (a)
Gas:
 United States
 Canada
 Europe
 Other

 Transport Volumes
   Total Gas Volumes
Oil
Liquids
Electricity (b)
   Total Physical Volumes (BBtueld) (a)

Electricity Volumes Marketed (Thousand MWh)
 United States
 Europe & Other
   Total


Financial Settlements (Notional)(B8tue/d)

					   10,219
					    4,406
					    1,604
					       26
					   16,255
					      693
					   16,948
					    5,877
					      947
					   10,134


					   86,666
					    6,564
					   93,230


					  109,872

							 7,941
							 4,101
							 1,605
							     4
							13,651
							   510
							14,161
							 4,923
							   586
							 8,609
							28,279


							78,969
							   242
							79,211


							79,879

(a) Includes third-party transactions of Enron Energy Services.
(b) Represents electricity transaction volumes marketed, converted to BBtue/d.

  8,982
  4,398
  1,549
     23
 14,952
    575
 15,527
  5,407
    753


378,930
i4L~Z~.
390,506


 99,337

  7,418
  3,486
  1,243
     8
 12,155
   559
 12,714
  2,960
   610
 11,024


401,843
   529


 75,266