Exhibit 99.2


ENRON ARRANGES $1.5 BILLION OF DEBTOR-IN-POSSESSION FINANCING

FOR IMMEDIATE RELEASE: Monday, December 3, 2001

HOUSTON - Enron Corp. (NYSE: ENE) announced today that, in
connection with its Chapter 11 filings, it has arranged up
to $1.5 billion of debtor-in-possession (DIP) financing. The
financing, arranged by Citigroup and JP Morgan Chase, will
be syndicated and is secured by substantially all of the
company's assets.

Upon Court approval, which the company expects to receive
shortly, $250 million of the new funding will become
available on an interim basis to supplement Enron's existing
capital and help the company fulfill obligations associated
with operating its business, including its employee payroll
and payments to vendors for goods and services provided on
or after yesterday's filing.

"With this financing in place, Enron can continue to do
business and move forward to implement the first steps of
its reorganization. We appreciate the support of our lenders
and are fully committed to meeting our obligations to our
creditors as best we can," said Kenneth L. Lay, Enron
chairman and CEO.

An additional $250 million will be made available to Enron
as soon as the company provides the lenders with a
satisfactory business plan. The $1 billion balance of the
facility will be available to the company upon the
satisfaction of certain conditions, including the entry of a
final order and the successful completion of syndication.
The remaining $1 billion balance of the facility will be
used in part to repay $550 million of existing indebtedness
of Transwestern Pipeline.

Enron Corp. 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."

This press release contains 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 not guarantees of future performance
and that actual results could differ materially as a result
of known and unknown risks and uncertainties, including:
various regulatory issues, the outcome of the Chapter 11
process, the actions of the Bankruptcy Court with respect to
the referenced debtor-in-possession financing, general
economic conditions, future trends, and other risks,
uncertainties and factors disclosed in the Company's most
recent reports on Forms 10-K, 10-Q and 8-K filed with the
Securities and Exchange Commission.