Enron Direct and the Alberta Urban Municipalities Association seal a natural gas supply deal

CALGARY, Nov. 13, 2001 – Enron Direct Canada Corp., a subsidiary of Enron Corp. announced that it has entered into a long-term natural gas supply and services contract with the Alberta Urban Municipalities Association.

“Enron Direct is providing AUMA’s regular and associate members with a natural gas supply and energy services plan to help them better manage their energy costs. Enron Direct is pleased to be assisting the AUMA and its members by providing energy solutions that will deliver significant financial security.” said Darren Cross, Chief Operating Officer of Enron Direct Canada Corp.

“In this time of uncertainty, municipalities were very interested in attaining a stable price for their utility needs. Predictable gas price will ensure stability, so crucial to municipal budgets.” said Lorne Olsvik, President of Alberta Urban Municipalities Association.

“The AUMA was looking for a supplier who understood the need for competitive pricing as well as membership flexibility and independence. Alberta municipalities, both small and large, understand how a volatile energy market can affect their bottom line and needed to find a solution to help them manage their gas costs. Enron Direct’s innovative products and services meet AUMA’s goals and provide the value we are looking for,” said John McGowan, Executive Director of the Alberta Urban Municipalities Association.

Regular and associate members of the AUMA include over 200 cities, towns, villages and summer villages as well as municipally related non-profit organizations, boards and commissions.

The Alberta Urban Municipalities Association provides leadership in advocating local government interests to the provincial government and other organizations in addition to providing services that address the needs of its membership.

Enron is one of the world’s energy, commodities and services companies.

The company 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.”

For more information, visit Enron Direct’s web site at www.enrondirect.com.

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