Press Release

ENRON AND OCEAN SPRAY SIGN LONG-TERM ENERGY MANAGEMENT CONTRACT

HOUSTON - Enron Energy Services, Inc., a subsidiary of Enron Corp., and Ocean Spray Cranberries, Inc., North America’s best-selling brand of canned and bottled juices and juice drinks, announced today a $116 million long-term agreement for total energy management services, saving Ocean Spray millions of dollars at its domestic manufacturing and distribution facilities.

Throughout the 10-year agreement, Enron will:

• provide capital to fund certain infrastructure improvements, including upgrading or replacing energy equipment such as boilers and chillers and certain process equipment;

• review existing energy contracts to ensure the company’s rates are optimized;

• supply natural gas and/or electricity when appropriate;

• manage energy information, including the installation of meters and analytical software; and

• provide energy-related consulting services, including exploration of co-generation opportunities.

"Enron Energy Services will reduce Ocean Spray’s total energy and facility management costs by investing capital and management expertise in all aspects of the energy supply chain," said Lou Pai, chairman and chief executive officer of Enron Energy Services.

"This agreement is an across-the-board win for Ocean Spray," said Kevin Murphy, chief operating officer of Ocean Spray. "We gain the expertise of one of the world’s leading energy companies to help increase our ability to compete in the marketplace. We free up our employees to focus on our own core processes and products. We reduce our impact on the environment through lower fuel and electricity consumption, and we save millions of dollars over the life of the contract."

Ocean Spray, headquartered in Lakeville, MA, is North America’s leading producer of canned and bottled juices and juice drinks with annual sales of nearly $1.5 billion. A marketing cooperative, Ocean Spray is owned by 950 cranberry and citrus growers in the United States and Canada. Ocean Spray’s Internet address is www.oceanspray.com.

Enron is one of the world’s leading integrated natural gas and electricity companies. The company owns approximately $30 billion in assets, produces electricity and natural gas, develops, constructs and operates energy and water facilities worldwide and delivers physical commodities and risk management and financial services to customers around the world. Enron’s Internet address is www.enron.com, and the stock is traded under the ticker symbol, "ENE."

Click here to download this press release in Microsoft Word format.

For additional information please contact:

Peggy Mahoney

Enron Energy Services

713-345-7034

Jackie Barry

Ocean Spray

508-923-3117