Exhibit 23

                        CONSENT OF INDEPENDENT AUDITORS


We consent to the incorporation by reference in the Registration Statement on
Form S-8 (No. 333-24595) pertaining to the EEX Corporation Employee Stock
Purchase and Savings Plan of our report dated June 1, 2001, with respect to the
financial statements and schedule of the EEX Corporation Employee Stock Purchase
and Savings Plan included in this Annual Report (Form 11-K) for the year ended
December 31, 2000, filed with the Securities and Exchange Commission.


                                           /s/ ERNST & YOUNG LLP



June 27, 2001
Houston, Texas

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