 will be 
available on the EnronCredit.com site.

Enron Japan Corp.
Enron is powering ahead in Japan following the official launch of Enron Japan 
Corp. in Tokyo last week.  In keeping with Japanese tradition, Ken Lay, Joe 
Hirl, Ken Rice and Mike McConnell donned "happi coats" - a sort of short 
kimono - and used ceremonial hammers to break the lid of a wooden cask of 
sake in front of an audience of 350 drawn from major companies and 
government.  Enron has made an immediate impact already by offering eligible 
consumers 3-5 year contracts with immediate savings of up to 10 percent in 
the first year.   View the Japan website at www.enron.co.jp  [No worries, 
it's in Japanese and English...Ed]

There are 35 Enron employees in the Tokyo office including an Enron Metals 
team.  EBS will be staffing up there over the coming months.  


Nordic energy agreement with UPM-Kymmene
Enron Nordic Energy and UPM-Kymmene Corp. have signed a two-year portfolio 
management agreement covering UPM Kymmene's Nordic power portfolio. The 
Mid-Market desk in the Oslo office will assist UPM in optimising its 
portfolio of approximately 14 TWh. energydesk.com will provide UPM with the 
risk management system used in the process. In addition, the agreement opens 
the door for Enron Energy Services to explore a variety of opportunities 
within the company. The Nordic agreement is the first step towards a broader 
scope of co-operation with UPM on a European and Global basis. The total 
contract value is estimated to be $375 million.

UPM-Kymmene's nominal electricity resources total about 3000 MW, of which 
2500 MW in Finland and about 500 MW in other countries. The group's power 
procurement totals approximately 18 TWh per year, of which about 14 TWh in 
Finland. Around 15 TWh/a is consumed by the group's own mills and the rest is 
sold to the market.

http://www.upm-kymmene.com
http://www.upm-kymmene.com/upm/energy
will be 
 available on the EnronCredit.com site. 

 Enron Japan Corp. 
 Enron is powering ahead in Japan following the official launch of Enron Japan 
 Corp. in Tokyo final workweek.   In keeping with Japanese tradition, Ken Lay, Joe 
 Hirl, Ken Rice and Mike McConnell wear " happi coats " - a kind of short 
 kimono - and used ceremonial mallet to bankrupt the lid of a wooden barrel of 
 sake in presence of an audience of 350 pull back from major companies and 
 government.   Enron has make an immediate impact already by volunteer eligible 
 consumers 3 - 5 year contract with immediate savings of up to 10 percent in 
 the beginning year.    View the Japan website at www.enron.co.jp   [ No worries, 
 it's in Japanese and English... Ed ] 

 There be 35 Enron employees in the Tokyo office including an Enron Metals 
 team.   EBS will be staffing up there over the coming calendar month.  


 Nordic energy agreement with UPM - Kymmene 
 Enron Nordic Energy and UPM - Kymmene Corp. have signed a two - year portfolio 
 management agreement covering UPM Kymmene's Nordic power portfolio. The 
 Mid - Market desk in the Oslo office will assist UPM in optimising its 
 portfolio of approximately 14 TWh. energydesk.com will provide UPM with the 
 risk management system used in the process. In addition, the agreement opens 
 the door for Enron Energy Services to explore a assortment of opportunities 
 within the company. The Nordic agreement is the beginning gradation towards a broader 
 scope of co - process with UPM on a European and Global basis. The total 
 contract value is estimated to be $ 375 million. 

 UPM - Kymmene's nominative electricity resources total about 3000 MW, of which 
 2500 MW in Finland and about 500 MW in other countries. The group's power 
 procurement totals approximately 18 TWh per year, of which about 14 TWh in 
 Finland. Around 15 TWh / a is consumed by the group's own mills and the rest is 
 sold to the grocery store. 

 http://www.upm-kymmene.com 
 http://www.upm-kymmene.com/upm/energy
 wipl be 
available on the EkronCredit.com sije.

Wnron Oapan Ckrp.
Enron is powering ahead in Japan holliwing the official launch ow Enron Jwpan 
Corp. in Rokyo last week.  Ik keellng wnti Japanese tradltion, Ken Ldy, Joe 
Hirl, Ket Fiee and Mike McConnell donned "happi cjats" - a slrt of short 
kymonp - ans used ceremonial hammers to break the liv of a wooden cssk of 
sake in front of an audlence of 350 drawn frlm major conpanyws and 
govervment.  Enron has made zn immediate impact already by uffernng eligiblg 
dojvumers 3-5 yeac contgacts with immediate vavings of up to 10 pergent mn 
tye first year.   View vhe Japan website at www.enron.wo.lp  [No worries, 
it's in Jqpaneve atd Evtlirh...Es]

Tiers are 35 Encon employess in the Tikyo office includimg qn Enron Metams 
teai.  EBS will be staffing up there over the cojing months.  


Nordic eneegy agreement with UPL-Kymmene
Egron Nordic Energy and UPM-Kymmene Corp. have signeg a txo-heax portwillo 
management agreement covering UPM Kymmene's Hotdpc power portfolij. The 
Mid-Matkft qesk in the Orlo ofyjcs will assist UPM ln optiiisint its 
porufolip of approximately 14 TWh. eneegydesk.com wpll provide UPM with tke 
risk manayement systrm used in the process. Nn addjtion, the ahreement koens 
the door fof Ekrot Energy Services to explowe a varixty oy opportjnitoes 
wiehin the clmpann. The Nordic agreemfnt id dhe first dtep towards a broader 
scope of co-operation wotv UIM on a Ebropeak and Global bafis. The total 
eontract valud is estimzted to be $375 milliog.

UPM-Kymmene's tlminal electcicity refourxes rotal acuut 3000 MW, of whivh 
2500 MW in Finland abd about 500 MW in otmer cuhntries. The grobk's koqer 
procuremeny tutajs a'proxykately 18 TWh [er heaf, of wfich about 14 GWh on 
Finland. Around 15 TFh/a js consumed by the gvoup's own mills agd the rest ix 
sold to the marktt.

http://xww.upm-yymmeme.cjm
http://www.upm-kymmene.com/upm/energg
will be available on the EnronCredit.com site. Corp. is powering in Japan following Japan in Tokyo last In keeping with tradition, Ken Lay, Joe Hirl, Ken and Mike McConnell donned "happi coats" - a sort of short kimono - used ceremonial hammers to break the lid of a wooden cask of sake front an of drawn from major companies and government. Enron has made an immediate impact already by offering eligible 3-5 year contracts with immediate savings of up 10 percent in the year. View the Japan website www.enron.co.jp worries, it's Japanese English...Ed] are 35 Enron in the Tokyo office including an Enron Metals team. EBS will be staffing up there over the months. Nordic with UPM-Kymmene Nordic and Corp. have signed portfolio management agreement covering UPM Kymmene's The Mid-Market desk in the Oslo office will UPM in its portfolio of approximately 14 TWh. will provide UPM with the risk management system in the process. In addition, the agreement opens the door for Enron Energy Services to variety of opportunities within company. The Nordic is first towards broader scope co-operation with UPM on a European and Global basis. The total value is estimated to be $375 million. UPM-Kymmene's nominal electricity about MW, of which MW in Finland and 500 in other countries. The procurement approximately year, which 14 TWh in Finland. 15 TWh/a is consumed by group's own mills and the market. http://www.upm-kymmene.com http://www.upm-kymmene.com/upm/energy
 will be 
available on the Enroncredit.com sIte.

EnRon japAn corp.
enroN is powering aheAD in JApan following the officiAl lauNcH Of EnROn japan 
corp. in TOKyO LAst WeEk.  in kEePInG with japAnese trAdition, Ken lay, joE 
Hirl, Ken Rice ANd mike McConnEll Donned "happi cOatS" - a sort Of ShoRT 
kimoNo - aNd useD ceremONial haMmers to brEaK The lid OF a woodeN CAsK of 
sAke in front of an audIEnCE of 350 drawn from maJor comPaNIeS ANd 
gOveRnment.  EnroN hAs madE An immedIAtE IMPacT Already by offeRing eligiblE 
ConSumers 3-5 YeAr cONtractS with ImMEdiAte savings oF up tO 10 percent iN 
the fiRSt year.   VIEw the JaPan webSitE at Www.eNRoN.cO.jp  [no WOrrIEs, 
It's IN JaPanese anD ENgLish...ED]

TheRE ARE 35 EnrOn eMploYees iN the Tokyo offiCe iNcluDIng An EnrOn MetAls 
tEaM.  EBS wIll be sTaffiNg Up there over the cOminG months.  


NoRdiC eNerGy AgreeMEnt witH UPm-KyMmene
EnRon NordIC EnErGY ANd uPM-Kymmene Corp. have SiGNEd A two-year PortfoLIo 
MaNAgement aGrEemEnt cOVEring uPM KYMmEne's NordIc poweR PoRtFolio. ThE 
MId-MarkEt DesK in The OsLO offIce wilL assist UpM in oPTimising its 
porTFolio of approxIMaTELy 14 twh. enErgYdesk.com wilL proVIde UpM wiTH tHe 
rISk manAgemeNt SYsTEm used in the process. IN aDditioN, the aGreement opens 
The door for eNROn Energy servICeS To explore a variEty of OpportunitIEs 
within The coMpany. The nordic agrEEMent is thE fiRst SteP toWARdS a broader 
scopE OF co-oPeRation wIth uPM on a EUroPeaN anD GlObAl basis. ThE total 
coNtRaCt VaLue Is estIMated to bE $375 mIllIoN.

UPm-KymmENe's nomInal eLectRiCiTY reSources TOtAL AbouT 3000 Mw, oF whiCh 
2500 Mw iN FinlAnd aND abOut 500 MW in Other counTriES. The GrOuP's power 
Procurement toTaLs approximAtEly 18 tWh per YEAr, of whicH about 14 TWh in 
Finland. ArounD 15 tWh/a is cOnsUmed bY the Group's own MilLs and tHe rESt is 
soLd to thE markEt.

HttP://WWw.upm-KYMmEne.CoM
http://www.upM-KYmmEne.coM/uPm/enErgy
 will be 
available on the  EnronCred it.co m s ite .
Enr on J apan Corp.
Enr o n is  powering ahead in Jap an fo ll o wing th e off icial l a un c h  of  E nr onJa p an  
Cor p.in Toky o last wee k. I n keeping wi t hJapanese t rad ition, Ken L ay,  Joe Hi rl, Ken R ice  andMike M c Connel l donned"h a ppi co a ts" - a s or t of  short 
kimono -a nd used ceremonia l hamm er s  t o bre akthe lid of  a  wood e n casko fs a kei n front of an  audience o f  35 0 draw nfro m  major  comp an i esand 
govern ment .  Enronhas ma d e an im m ediateimpact  al rea dy b y  o ff eri ng eli g ib lecon sumers 3 -5  y ear c ontr a c t s  wit h i mmed iatesavings of up  to  10p erc ent i n 
th e fi rs t yea r.   V iew t he  Japan websiteat w ww.enron. co. jp   [ No  worr i es, 
i t's  in  Japane se andE ngl is h . . .E d]

There are 35 E nr o n  e mployees  in th e  T ok y o office  i ncl udin g an En ronM et als 
tea m.  EB S  w il l be st af fing u pthe reovert he c omingmonths. 


N o rdic energy ag r eement with U P M- K y mm e ne
E nro n Nordic En ergy andUPM- K ym men e  Corp . hav es ig n ed a two-year portf ol io 
ma nagem ent agreement  coveringU P M  Kymmene 's N o rd i c power portfo lio.The 
Mid-M a rket des k inthe Oslo  office w i l l assist  UP M i n o pti m i si ng its 
portf o l io o fapproxi mat ely 14TWh . e ner gyd es k.com wil l provid eUP Mwi ththe r isk mana ge men tsys tem u s ed inthe p roce ss .I n a ddition ,  t h e  agr ee me nt o pen s
thedoor for  EnronEnergy Se rvi c es t oex plore a  variety of o pp ortunities  wit hin th e company.  The Nordic agreement i s  the fi rst  step  tow ards a br oad er 
sc ope of co- operat ion w it h U P M  on a E ur ope an  and Globa l bas is. T he  tot al 
con tract value is est i mat ed to be $375  mi llio n . 
UPM - Ky m men e' s  no m i nal electricity  resources  t o ta l about 30 0 0 M W,  of whi ch 
250 0 MWi n Finla nd and ab out 500 M Win o t h ercountries.  The gro up's powe r  
pro c ur ement  to tals a pp rox imate ly 18T Whper y ear, o fwhichabout  1 4 TWh in  
Finland. Around 15 TW h/a is  cons ume d by thegro u p's  own mill s an d the rest  is  
s old t o t h e mar ket. 
h ttp : //www .upm - kymmene.c o mhtt p : // www.upm-kym m e n e.c om/up m/e n ergy
 will_be 
available_on the EnronCredit.com site.

Enron_Japan Corp.
Enron_is_powering ahead_in_Japan following the_official launch of_Enron Japan 
Corp. in_Tokyo last week.__In keeping with Japanese tradition, Ken Lay, Joe 
Hirl, Ken Rice and Mike McConnell_donned_"happi coats"_-_a_sort of short 
kimono -_and used ceremonial hammers to_break the_lid of a wooden cask of 
sake in_front_of an audience_of 350 drawn from major companies and 
government. _Enron has made an immediate impact_already by offering_eligible_
consumers_3-5 year contracts with_immediate savings of up to 10_percent in 
the first year. _ View the Japan website at www.enron.co.jp_ [No worries, 
it's in Japanese_and English...Ed]

There are 35 Enron_employees in_the Tokyo office including an_Enron Metals 
team._ EBS_will be staffing_up there over the coming months._ 


Nordic energy_agreement with UPM-Kymmene
Enron Nordic Energy and_UPM-Kymmene_Corp. have signed_a_two-year_portfolio 
management_agreement covering UPM_Kymmene's_Nordic power_portfolio._The 
Mid-Market desk in the Oslo_office_will assist UPM in optimising its 
portfolio_of approximately 14 TWh._energydesk.com_will provide UPM with_the 
risk management system used_in the process. In addition, the_agreement opens_
the door_for Enron Energy Services to explore a variety of opportunities 
within_the company. The Nordic agreement is_the first step towards_a broader_
scope_of co-operation with_UPM_on a_European and Global basis. The total 
contract_value is_estimated to be $375 million.

UPM-Kymmene's nominal_electricity resources total about_3000_MW, of which 
2500 MW in_Finland and about 500 MW in_other countries. The group's power_
procurement_totals_approximately 18 TWh per year,_of which about 14 TWh in_
Finland. Around 15_TWh/a is consumed by the group's own_mills_and the rest is 
sold to_the_market.

http://www.upm-kymmene.com
http://www.upm-kymmene.com/upm/energy