EXHIBIT 23.1

                        CONSENT OF INDEPENDENT AUDITORS

   We consent to the incorporation by reference in the Registration Statements
(Form S-8 No. 333-24595 registering 6,313,432 shares of common stock pursuant
to the Employee Stock Purchase and Savings Plan, Employee Stock Option Plan,
Revised and Amended 1996 Stock Incentive Plan, Non-Qualified Stock Option
Agreement and Restricted Stock Agreement and Form S-8 No. 333-41979
registering 1,500,000 shares of common stock pursuant to the 1997 Non-Officer
Stock Option Plan, and Form S-3 No. 333-64427 for the registration of EEX
Corporation debt securities, preferred stock, warrants, and common stock, and
Form S-8 No. 333-81203 registering 2,500,000 shares of common stock pursuant
to the Amended and Restated 1998 Stock Incentive Plan) of EEX Corporation of
our report dated February 19, 2001, with respect to the consolidated financial
statements of EEX Corporation included in this Annual Report (Form 10-K) for
the year ended December 31, 2000.

                                          ERNST & YOUNG LLP

Houston, Texas
March 9, 2001