Enron Subsidiary to Sell Excess Real Estate at Absolute Auction

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Higgenbotham Auctioneers International (HAI) announced today that their firm has been retained by Enron Wind Systems, LLC. to offer at absolute auction 760 +/- acres of development land in Tehachapi, California. The auction will be held at 1PM (PDT) on Thursday, November 1st at the West Park Activity Center. The center is located at 410 West D St. Tehachapi, CA.

The management of Enron is enthusiastic about the auction marketing process and chose the absolute auction as being the most viable solution to liquidate the property quickly and efficiently.

Higgenbotham Auctioneers International (HAI) announced today that their firm has been retained by Enron Wind Systems, LLC. to offer at absolute auction 760 +/- acres of development land in Tehachapi, California. The auction will be held at 1PM (PDT) on Thursday, November 1st at the West Park Activity Center. The center is located at 410 West D St. Tehachapi, CA.

The 760 +/- acre tract will be sold in 10 parcels to the last and highest bidder with no reserve. Parcels will range in size between 4.77± and 501.28± acres.

According to Jim Owen, HAI Director of Western Real Estate, representatives of Enron Creditors Recovery Corporation asked the firm to organize an auction for the Tehachapi acreage, he stated, "The management of Enron is enthusiastic about the auction marketing process and chose the absolute auction as being the most viable solution to liquidate the property quickly and efficiently."

Public documents show that Enron was at one time the owner of nearly 4,600 wind turbines in the Tehachapi region.

The Tehachapi area is well known for its environmentally friendly electric generating wind turbines, its proximity to Edwards Air Force Base, and its excellent environment for gliding.

For more information on the Enron properties or other Higgenbotham auctions please contact Earl Williams at Higgenbotham Auctioneers (800) 257-4161 or visit our website at http://www.Higgenbotham.com.

About Higgenbotham Auctioneers International Ltd., Inc.:
Founded in 1959, Higgenbotham Auctioneers International (HAI) utilizes the auction method of marketing to sell real estate throughout the United States and the world. HAI is an affiliate member of NAI Global and enjoys continuing relationships with Fortune 500 clients such as Alcoa, Wal-Mart, and Albertson's Supermarkets, as well as many publicly traded and closely held companies.

About Enron Recovery Corporation:
Enron Creditors Recovery Corporation (formerly Enron Corporation) was an American energy company based in Houston, Texas. Before its bankruptcy in late 2001, Enron employed around 21,000 people and was one of the world's leading electricity, natural gas, pulp and paper, and communications companies, with claimed revenues of $111 billion in 2000

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