ADMINISTRATIVE PROCEEDING
FILE NO. 3-10909

UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
March 11, 2003

ORDER DIRECTING RESPONSE TO PETITIONS FOR REVIEW

On February 6, 2003, an administrative law judge issued an Initial Decision ("Initial Decision") in this matter. The Initial Decision denied the applications of Enron Corp. ("Enron") for exemptions under Sections 3(a)(1),(3) and (5) of the Public Utility Holding Company Act of 1935. Our Division of Investment Management ("the Division") was a party to the proceeding and opposed those applications.

On February 27, 2003, petitions for review of that decision were filed by parties Enron Corp. and the Oregon Public Utility Commission, and by limited participants Southern California Edison Company and FPL Group, Inc. Pursuant to Rule of Practice 410(d), the Commission has determined that it will significantly aid the decisional process to have the Division file a response to the petitions.

Accordingly, it is ORDERED that the Division file a response to the petitions for review in this proceeding by no later than fourteen days from the date of this Order, such response being no more than 30 pages in length.

By the Commission.

Jonathan G. Katz
Secretary

http://www.sec.gov/litigation/aljdec/enronpetorder.htm