EXHIBIT 99.1


                                                          ENRON
                                                          P.O. Box 1188
                                                          Houston, TX 77251-1188

                                                          NEWS RELEASE

                                                          Mark Palmer
                                                          (713) 853-4738


ENRON FILES AMENDED CHAPTER 11 PLAN WITH BANKRUPTCY COURT

FOR IMMEDIATE RELEASE:  Thursday, Sept. 18, 2003

         HOUSTON - Enron Corp. filed an amended Joint Chapter 11 Plan and
related disclosure statement with the U.S. Bankruptcy Court today.

         The disclosure statement includes revised estimated recovery
percentages, before potential recoveries from litigation, for more than 350
classes of creditors.  The estimated recoveries for unsecured claims against the
three top debtors are: Enron Corp., 16.6 percent; Enron North America, 19.5
percent; and Enron Power Marketing, Inc., 22.5 percent.

         "We're pleased that we are continuing to generate support for this
plan, which maximizes recovery for our stakeholders," said Stephen F. Cooper,
Enron's acting CEO and chief restructuring officer. "This widespread support
will help expedite this very complicated bankruptcy process."

         The amended plan also includes financial projections for the three
going-forward businesses that will ultimately be separated from the bankruptcy
proceedings: CrossCountry Energy, Prisma Energy International, and Portland
General Electric (PGE). If PGE is not sold, the Plan provides for the
distribution of PGE common stock to creditors. A break-up of PGE is not an
option under the Plan.

         The Plan covers Enron's 178 debtor entities and must be approved by 50
percent of the creditors and two-thirds of the dollar amount of claims in at
least one creditor class for each of the debtors.

         The Bankruptcy Court is expected to hold a hearing on the disclosure
statement in late October.

         The amended Plan and accompanying disclosure
statement can be viewed at
http://www.enron.com/corp/pressroom/releases/2003/ene/091803rel.html.

         Enron's Internet address is www.enron.com.



THE AMENDED PLAN, THE DISCLOSURE STATEMENT AND THIS PRESS RELEASE, INCLUDING THE
EXHIBITS ATTACHED HERETO, MAY CONTAIN STATEMENTS THAT ARE FORWARD-LOOKING WITHIN
THE MEANING OF SECTION 27A OF THE SECURITIES ACT OF 1933 AND SECTION 21E OF THE
SECURITIES EXCHANGE ACT OF 1934. INVESTORS ARE CAUTIONED THAT ANY SUCH
FORWARD-LOOKING STATEMENTS ARE BASED ON MANAGEMENT'S CURRENT EXPECTATION AND, AS
SUCH, ARE NOT GUARANTEES OF FUTURE PERFORMANCE. ACCORDINGLY, ACTUAL RESULTS
COULD DIFFER MATERIALLY AS A RESULT OF KNOWN AND UNKNOWN RISKS AND
UNCERTAINTIES, INCLUDING, BUT NOT LIMITED TO: VARIOUS REGULATORY ISSUES; THE
OUTCOME OF THE COMPANY'S CHAPTER 11 PROCESS; RISKS INHERENT IN THE COMPANY'S
CHAPTER 11 PROCESS, SUCH AS THE NON-CONFIRMATION OF THE AMENDED PLAN,
NON-OCCURRENCE OR DELAYED OCCURRENCE OF THE AMENDED PLAN'S EFFECTIVE DATE OR
DELAYED DISTRIBUTION OR NON-DISTRIBUTION OF SECURITIES OR OTHER ASSETS UNDER THE
AMENDED PLAN; THE UNCERTAIN OUTCOMES OF ONGOING LITIGATION AND GOVERNMENTAL
INVESTIGATIONS INVOLVING THE COMPANY'S OPERATING SUBSIDIARIES AND THE DEBTORS,
INCLUDING THOSE INVOLVING FOREIGN REGULATORS AND THE U.S. CONGRESS, THE
DEPARTMENT OF JUSTICE, THE SECURITIES AND EXCHANGE COMMISSION ("SEC"), THE
DEPARTMENT OF LABOR, THE INTERNAL REVENUE SERVICE, THE PENSION BENEFIT GUARANTY
CORPORATION, THE NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC., THE FEDERAL
ENERGY REGULATORY COMMISSION, THE COMMODITY FUTURES TRADING COMMISSION, THE
FEDERAL TRADE COMMISSION, THE CALIFORNIA AND CONNECTICUT ATTORNEYS GENERAL AND
NUMEROUS CONGRESSIONAL COMMITTEES AND STATE AGENCIES; THE UNCERTAIN OUTCOMES OF
NUMEROUS LAWSUITS AND CLAIMS; THE EFFECTS OF NEGATIVE PUBLICITY ON THE COMPANY'S
OPERATING SUBSIDIARIES' BUSINESS OPPORTUNITIES; THE EFFECTS OF THE DEPARTURE OF
PAST AND PRESENT EMPLOYEES OF THE DEBTORS; UNCERTAIN RESOLUTION OF SPECIAL
PURPOSE ENTITY ISSUES; THE PRELIMINARY AND UNCERTAIN NATURE OF VALUATIONS AND
ESTIMATES CONTAINED IN THE AMENDED PLAN; FINANCIAL AND OPERATING RESTRICTIONS
THAT MAY BE IMPOSED ON AN OPERATING SUBSIDIARY OF THE COMPANY IF THE COMPANY IS
REQUIRED TO REGISTER UNDER THE PUBLIC UTILITY HOLDING COMPANY ACT; POTENTIAL
ENVIRONMENTAL LIABILITIES; INCREASING COMPETITION AND OPERATIONAL HAZARDS FACED
BY THE DEBTORS AND OPERATING SUBSIDIARIES OF THE COMPANY; THE POTENTIAL LACK OF
A TRADING MARKET FOR THE SECURITIES DISTRIBUTED TO CREDITORS; UNCERTAINTIES
CREATED BY THE LACK OF REPORTED INFORMATION FOR SECURITIES DISTRIBUTED TO
CREDITORS AND THE LACK OF INDEPENDENT OPERATING HISTORY OF THE COMPANY'S
OPERATING SUBSIDIARIES; ECONOMIC, POLITICAL, REGULATORY AND LEGAL RISKS
AFFECTING THE FINANCES AND OPERATIONS OF THE DEBTORS AND THE COMPANY'S OPERATING
SUBSIDIARIES; AND THE UNCERTAIN TIMING, COSTS AND RECOVERY VALUES INVOLVED IN
THE DEBTORS' EFFORTS TO RECOVER ACCOUNTS RECEIVABLE AND TO LIQUIDATE THE
REMAINING ASSETS.

THE UNITED STATES BANKRUPTCY CODE (THE "CODE") DOES NOT PERMIT SOLICITATION OF
ACCEPTANCES OR REJECTIONS OF THE AMENDED PLAN UNTIL THE BANKRUPTCY COURT
APPROVES THE DISCLOSURE STATEMENT RELATING TO THE AMENDED PLAN AS PROVIDING
ADEQUATE INFORMATION OF A KIND, AND IN SUFFICIENT DETAIL, AS FAR AS IS
REASONABLY PRACTICABLE IN LIGHT OF THE NATURE AND HISTORY OF THE DEBTORS AND THE
CONDITION OF THE DEBTORS' BOOKS AND RECORDS, THAT WOULD ENABLE A HYPOTHETICAL
REASONABLE INVESTOR TYPICAL OF THE HOLDER OF CLAIMS OR INTERESTS OF THE RELEVANT
CLASS TO MAKE AN INFORMED JUDGMENT ABOUT THE AMENDED PLAN. NEITHER THE AMENDED
PLAN NOR THE DISCLOSURE STATEMENT HAS BEEN APPROVED BY THE BANKRUPTCY COURT AS
CONTAINING ADEQUATE INFORMATION UNDER THE CODE FOR USE IN SOLICITATION OF
ACCEPTANCES OR REJECTIONS OF THE AMENDED PLAN. ACCORDINGLY, NONE OF THE AMENDED
PLAN, THE DISCLOSURE STATEMENT OR THIS PRESS RELEASE, IS INTENDED TO BE, NOR
SHOULD THEY IN ANY WAY BE CONSTRUED AS, A SOLICITATION OF VOTES ON THE AMENDED
PLAN. THE INFORMATION CONTAINED IN THE DISCLOSURE STATEMENT SHOULD NOT BE RELIED
ON FOR ANY PURPOSE BEFORE A DETERMINATION BY THE BANKRUPTCY COURT THAT THE
DISCLOSURE STATEMENT CONTAINS ADEQUATE INFORMATION.

THE INFORMATION CONTAINED IN THE AMENDED PLAN AND THE DISCLOSURE STATEMENT IS
NOT TO BE USED FOR INVESTMENT PURPOSES. THE DEBTORS RESERVE THE RIGHT TO AMEND
OR SUPPLEMENT THE AMENDED PLAN AND THE DISCLOSURE STATEMENT AT A FUTURE DATE.

AS EXPLAINED IN A NOVEMBER 8, 2001 FORM 8-K FILED BY THE COMPANY WITH THE SEC,
THE PREVIOUSLY ISSUED FINANCIAL STATEMENTS OF THE COMPANY FOR THE FISCAL YEARS
ENDED DECEMBER 31, 1997 THROUGH 2000 AND FOR THE FIRST AND SECOND QUARTERS OF
2001 AND THE AUDIT REPORTS COVERING THE YEAR-END FINANCIAL STATEMENTS FOR 1997
THROUGH 2000 SHOULD NOT BE RELIED UPON. IN ADDITION, AS EXPLAINED IN AN APRIL
22, 2002 FORM 8-K FILED BY THE COMPANY, THE FINANCIAL STATEMENTS OF THE COMPANY
FOR THE THIRD QUARTER OF 2001 SHOULD NOT BE RELIED UPON. THE COMPANY CONTINUES
TO BELIEVE THAT THE EXISTING COMMON AND PREFERRED STOCK OF THE COMPANY HAVE NO
VALUE. HOWEVER, THE AMENDED PLAN PROVIDES THE COMPANY'S STOCKHOLDERS WITH A
CONTINGENT RIGHT TO RECEIVE RECOVERY IN THE VERY UNLIKELY EVENT THAT THE
AGGREGATE VALUE OF THE COMPANY'S ASSETS EXCEEDS THE TOTAL AMOUNT OF ALLOWED
CLAIMS.


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