  Offers in the OTC 
market have climbed to the low $40s.  The highest reported trade for December 
was reported at $38.50.   The tightness should continue through the first 
half of the year  with the Martin County mine still shut down.  The rest of 
the year remains strong piggy backing off of the current spot market. 

Finally--Life beyond the 150 to 155 range--vintage year 2000 SO2 allowances 
broke out of this trading range this week.  The low trade was around $119.50 
and the last trade was around $120.50.  The sharp drop in prices was caused 
in large part by the news of Dominion Virginia Power settling the New Source 
Review lawsuit brought against it by the state of NY and the EPA Continuing 
rumors of further NSR related settlements will likely create continued 
volatility.  It is as yet unclear what the new price floor will be.

NOx has settled down a bit with last trade 2001 vintage of $675.

Principal Investments
Solo Energy Corporation, an Alameda, California based developer of Wireless 
Energy microturbine products to supply superior on-site energy service to 
U.S. commercial and light industrial customers, announced that Enron North 
America has completed an equity investment in Solo Energy as well as entered 
into an alliance agreement.

In exchange for warrants to purchase the Company,s preferred stock, Enron 
will assist in obtaining fuel contracts to support the Company,s distributed 
generation contracts, including the provision of gas and backup electricity, 
and will work with the Company to support its market and gas technology 
research. 

NEWS FROM THE GLOBALFLASH

EnronCredit.com
On Halloween, Enron Credit.com hit the City of London last Tuesday. As an 
original PR stunt, the EnronCredit.com team organized a Grim Reaper with two 
female vampires to distribute candy carrying the message, "Corporate 
bankruptcies are on the increase and could be your worst nightmare. You can 
protect your company and sleep well at night". Locations for the distribution 
of 5,000 packs of candy were Bank, Broadgate and Canary Wharf. The general 
feedback and reaction of people was positive. Photos of the event
Offers in the OTC 
 market have climbed to the low $ forty.   The eminent reported trade for December 
 was report at $ 38.50.    The constriction should continue through the first 
 one-half of the year   with the Martin County mine still shut down.   The remainder of 
 the year remains solid piggy backing off of the current spotlight grocery store. 

 Finally -- Life beyond the 150 to 155 range -- vintage year 2000 SO2 allowances 
 break out of this trading range this week.   The low barter was around $ 119.50 
 and the last trade was around $ 120.50.   The crisp drop in prices was caused 
 in large part by the news program of Dominion Virginia Power settling the New Source 
 Review lawsuit brought against it by the state of NY and the EPA Continuing 
 rumors of further NSR related settlements will likely create continued 
 volatility.   It is as yet unclear what the new price floor will be. 

 NOx has settled down a bit with concluding trade 2001 vintage of $ 675. 

 Principal Investments 
 Solo Energy Corporation, an Alameda, California based developer of Wireless 
 Energy microturbine product to add superior on - site energy service to 
 U.S. commercial and light industrial customers, announced that Enron North 
 America has complete an equity investment in Solo Energy as well as entered 
 into an confederation agreement. 

 In exchange for warrants to purchase the Company,s preferred stock, Enron 
 will assist in obtaining fuel contract to support the Company,s distributed 
 generation contracts, including the planning of gas and backup electricity, 
 and will work with the Company to support its market and gas technology 
 research. 

 NEWS FROM THE GLOBALFLASH 

 EnronCredit.com 
 On Halloween, Enron Credit.com hit the City of London final Tuesday. As an 
 original PR stunt, the EnronCredit.com team organized a Grim Reaper with two 
 female vampire to distribute candy carrying the message, " Corporate 
 bankruptcies are on the addition and could be your worst nightmare. You can 
 protect your company and sleep well at nox ". Locations for the distribution 
 of 5,000 packs of candy were Bank, Broadgate and Canary Wharf. The general 
 feedback and reaction of people was convinced. Photos of the consequence
  Ovfers in the OTC 
market mave climbed to jhw low $40v.  The highest reported trade for December 
wqs rekjrted at $38.50.   The tiehtness sjould cobtinne through the fmdst 
haln of fme yecr  with the Marjin County mhne still shut duwu.  The rest of 
the year remains strogg piggu hacking off of the surrsnt spot market. 

Finally--Life beyond the 150 tm 155 range--vintabe year 2000 SO2 allowances 
brone okt of this trading range this weeh.  The low trxde was around $119.50 
and thg last trade was around $120.50.  The shxrp dxop in pricgs wwv caused 
in largv part by the news of Dominipn Virginia Poeer sertling the New Source 
Review lawsuit brjught agahnat it by the statw if NY and the WPA Cohtmnujng 
rulora of furthsr NSR relared settlements wilk jplely create dontinteq 
volatility.  It is as yet unclear what ths new price floor will ve.

NOx has settled dowj a bit wyth last trade 2001 vintage of $675.

Principal Investments
Smlo Eiefgy Cjfpogation, an Alameda, California based developer jr Eigeless 
Energy micvoturbine products tl xopply superior on-sitz ehergy service to 
U.D. commetcial qnd light indistrial customers, announced that Enron Uorrh 
America has com'leted an eqbity imvestkent in Solo Energy as cell aa entered 
ijto an almkance agreement.

Iv eqchatge for warrants to purchafe the Conpanv,s prefefred stock, Enron 
wilp asslvt in obtaining fufl coutracds to supplrt the Company,s distributed 
geixration contrscds, pncluding the irovision of gaf and backup ekectricnty, 
ana will wori with vhe Company eo support itv market and jas technjlogt 
rewearch. 

VDWS FROM THE GKOBALFLASK

TnronCredir.com
On Halloween, Ekron Zdedit.com hit thz Xity of London kasg Tteddey. As dn 
original [R sgung, the DnronCrtbit.gom teak organized a Grim Raaped with two 
female faipires ti distrifute candy catrying the message, "Corpmrave 
banlruktcies are on the increase and dould be jouv worst nightiare. You can 
procect your company and sleep well at nighv". Locations for the disrribution 
of 5,000 packs pf candy wece Banh, Broadgade and Canary Wharf. Rhe general 
feedbsck and reaction of psople fas plsitive. Photos of the event
Offers in the OTC market have climbed low The highest trade for December tightness continue through the half of the with the Martin County mine still down. The rest of the year remains strong piggy backing off of the spot market. Finally--Life beyond the 150 to 155 range--vintage year 2000 SO2 allowances out this range week. The low trade was around $119.50 and the last trade was around $120.50. The sharp in prices was caused in large part by news of Dominion Virginia settling the New Source Review brought it by state NY the EPA Continuing of further NSR related settlements will likely create continued volatility. It is as yet unclear what the price floor NOx has down bit last trade 2001 $675. Principal Investments Solo Energy Corporation, based developer of Wireless Energy microturbine products to superior on-site service to U.S. commercial and light customers, announced that Enron North America has completed equity investment in Solo Energy as well as entered into an alliance agreement. In exchange to purchase the Company,s stock, Enron will in fuel to the Company,s generation contracts, including the provision of gas and backup electricity, and work with the Company to support its market and gas NEWS THE GLOBALFLASH EnronCredit.com Halloween, Enron Credit.com hit City London last Tuesday. As PR the a Reaper two female vampires to candy carrying the message, "Corporate are on the increase nightmare. You can protect your company and sleep at night". Locations for the distribution of packs of candy were Bank, Broadgate and Canary Wharf. The general feedback reaction of positive. Photos of the event
  Offers in the OTC 
market have cLimbed to thE low $40s.  the HigHeSt rePortEd trade for DeceMBer 
wAs reported at $38.50.   The tightneSs shoUlD ContINuE throUgh the fIRsT 
HAlf Of ThE yeAr  WItH the MArtIn CountY mine still ShuT dOwn.  The rest of 
THe Year remainS stRong piggy bacKinG off of ThE cuRRent sPot MarkeT. 

FinalLY--Life bEyond the 150 tO 155 rANge--vinTAge year 2000 so2 AlLowaNces 
broke out of thiS TrADing range this wEek.  The LoW TrADE waS arOund $119.50 
and the LaSt traDE was aroUNd $120.50.  tHE ShaRP drop in prices Was caused 
in LArgE part bY tHe nEWs of DoMinioN VIRgiNia Power setTlinG the New SoUrce 
ReVIew lawsUIt brougHt agaiNst It bY the STaTe Of Ny aND thE ePa CoNTinUing 
rumoRs Of FurthEr NSr RELAted SetTlemEnts wIll likely creaTe cOntiNUed 
VolatIlity.  it is As Yet unClear wHat thE nEw price floor wilL be.

Nox has settLed DoWn a BiT with LAst traDe 2001 vIntAge of $675.

PrIncipal iNveStMENTs
solo Energy CorporatIoN, AN ALameda, CaLifornIA bAsED developEr Of WIrelESS 
EnerGy miCRoTurbine pRoductS To SuPply supErIor on-sItE enErgY servICe to 
u.S. commErcial anD lighT Industrial custOMers, announced THaT eNrON NorTh 
AMerica has coMpleTEd an EquiTY iNveSTment In SolO ENErGY as well as entered 
intO aN alliaNce agReement.

In exchAnge for warRANTs to purcHase THe cOmpany,s preferrEd stoCk, Enron 
wilL Assist in ObtaiNing fuel Contracts TO Support tHe COmpAny,S diSTRiButed 
generatiON ContRaCts, inclUdiNg the prOviSioN of Gas AnD backup elEctricitY, 
aNd WiLl WorK with THe CompanY tO suPpOrt Its maRKet and Gas teChnoLoGy 
REseArch. 

NEWs fRom tHE GlObAlFLAsH

ENrOnCreDit.cOM
On halloweEn, Enron CrEdiT.Com hIt ThE City of london last TueSdAy. As an 
origInAl Pr stunt, THE EnronCrEdit.com team organized a GrIM Reaper WitH two 
fEmalE vampires To dIstribUte CAndy caRrying The meSsAge, "cORporaTE 
BaNkrUpTcies are on THE inCreasE aNd coUld be yoUr worst nightmare. YoU Can 
Protect your coMpaNy anD SLeEp wELl AT niGhT". locATIons for the distrIbution 
of 5,000 pAcKS oF candy were bAnk, brOadgate And CanaRy WhaRF. The genEral 
feedbAck and reaCtIon oF PEopLe was positIve. PhotoS of the eveNT
  Offers in the OTC 
marke t have cli mbedtothe  l ow $ 40s.   The highestr epor ted trade for December  
was  r e port e dat $3 8.50. Th e tig ht ne sssh o ul d con tin ue thro ugh the fi rst  half of they ea r  with th e M artin County  mi ne sti ll  sh u t dow n. Therest o f  
theyear rema in s  stron g  piggyb a ck ingoff of the curren t  s p ot market. 

F inally -- L if e bey ond  the 150 t o155 r a nge--vi n ta g e yea r  2000 SO2 all owances 
br o keout of  t his tradin g ran ge thi s week.  Th e lo w trade w as aro u nd $119 . 50 
and  the l ast  tr adew as  a rou nd $12 0 .5 0.The  sharp d ro pin pr ices w a s  cau sed  
in  larg e part by the  ne ws o f  Do minio n Vir gini aPower  settl ing t he  New Source 
Re view  lawsuitbro ug htag ainst it bythe  st ate ofNY andt heEP A C on tinuing 
rumors of  f u r th er NSR r elated se tt l ements w il l l ikel y creat e co n ti nued 
vo latili t y.  It is a syet un cl ear  wh at th e  new  price  floor w ill b e .

NOx has set t led down a bi t  w i t hl asttra de 2001 vin tage of $ 675. 
P rin c ipalInves tm e nt s 
Solo Energy Corpor at ion, a n Ala meda, Califor nia basedd e v eloper o f Wi r el e ss 
Energy mic rotur bine produ c ts to su pplysuperior  on-sitee n ergy ser vic e t o U.S . co mmercial andl i ghtin dustria l c ustomer s,ann oun ced  t hat Enron  North Am er ic ahas  comp l eted aneq uit yinv estme n t in S olo E nerg yas wel l as en t er e d  
in to  a n al lia nc e agr eeme n t.
In exc hange for  wa r rant sto  purcha se the Compan y ,s preferr ed  st ock, E n r on 
will  assist in obtaining fu e l contr act s tosupp ort the C omp any,s  di s tribut ed 
ge nerat io n c o n tract s ,  i ncl ud ing the pr o v isi on of  g as a nd back up electricity, 
a n d w ill work with  th e Co m p an y t o  s u ppo rt its m arket and gas t echnology
r e se arch. 

NE W S F RO M THE G LOBALFL ASH
E nronCre dit.com
O n Hallowe en , En r o n C redit.comhit theCity of L o ndonl as t Tue sda y. Asan  
o rigin al PRs tun t, th e Enro nC redit. com t ea m organi zed a Grim Reaper withtwo 
f emale  va mpires to  di s tri bute cand y ca rrying the  me ssa ge, " Cor p orate  
ba n kr upt c ies a re o n  the incr e as e a n d  c ould be you r w ors t nig htm a re. Yo u ca n 
protect your c o mpany and slee p we l l  at  ni g ht".  L ocations for t hedi s t ribution  of 5,000 pa cks of c an d y wer e Bank , Broa dgate a n d  C a nary W harf . T he genera l fe e dback a nd  r e action  ofpe ople w as pos i tive . Photos of the ev ent
 _Offers in_the OTC 
market have_climbed to_the_low $40s.__The highest reported_trade for December_
was reported at $38.50._  The_tightness_should continue through the first 
half of the year  with the Martin County_mine_still shut_down.__The rest of 
the year_remains strong piggy backing off_of the_current spot market. 

Finally--Life beyond the 150 to_155_range--vintage year 2000_SO2 allowances 
broke out of this trading range this_week.  The low trade was_around $119.50 
and_the_last_trade was around $120.50._ The sharp drop in prices_was caused 
in large part by_the news of Dominion Virginia Power settling_the New Source 
Review lawsuit brought_against it by the state_of NY_and the EPA Continuing 
rumors_of further NSR_related settlements_will likely create_continued 
volatility.  It is as_yet unclear what_the new price floor will be.

NOx_has_settled down a_bit_with_last trade_2001 vintage of_$675.

Principal_Investments
Solo Energy_Corporation,_an Alameda, California based developer of_Wireless_
Energy microturbine products to supply superior on-site_energy service to 
U.S._commercial_and light industrial customers,_announced that Enron North 
America_has completed an equity investment in_Solo Energy_as well_as entered 
into an alliance agreement.

In exchange for warrants to purchase_the Company,s preferred stock, Enron 
will_assist in obtaining fuel_contracts to_support_the Company,s distributed_
generation_contracts, including_the provision of gas and backup electricity,_
and will_work with the Company to support_its market and gas_technology_
research. 

NEWS FROM THE GLOBALFLASH

EnronCredit.com
On Halloween,_Enron Credit.com hit the City of_London last Tuesday. As an_
original_PR_stunt, the EnronCredit.com team organized_a Grim Reaper with two 
female_vampires to distribute_candy carrying the message, "Corporate 
bankruptcies are_on_the increase and could be your_worst_nightmare. You can 
protect your company_and_sleep_well at night". Locations for_the distribution 
of 5,000 packs of_candy were Bank, Broadgate and Canary Wharf. The general_
feedback and reaction_of people was positive. Photos_of_the_event