Centrica plc - exposure to Enron Corp

Centrica plc confirms that it has been monitoring and is working to reduce its trading exposure to Enron Corp.  We have existing contracts which currently have a positive mark-to-market of approximately £30m.  This represents our exposure to Enron (and the potential write-off) on our forward trading activities, should Enron cease to perform under these contracts. 

In the event Enron defaults on its contractual obligations, we remain confident in our ability to supply all our customers and believe that the market will continue to function in an orderly manner.