HoustonStreet / EnronOnline Release

[Donna Bungard <dbungard@beaupre.com>]

Hi There, 

I was told that you may be interested in the latest release from
HoustonStreet involving EnronOnline. Please feel free to contact me if you
have any questions. 

Thank you.

Donna Bungard
Account Coordinator
Beaupre & Co. Public Relations, Inc.
A Brodeur Worldwide Partner
One Harbour Place
Portsmouth NH 03801
(v) 603-559-5827
(f) 603-559-5877
 <<Enron Press Release FINAL.doc>> 


Contact:	Deb Dargie					Kim Salem
		Beaupre & Co. Public Relations, Inc.
HoustonStreet Exchange
		(603) 559-5826				(603) 766-8703
		ddargie@beaupre.com
ksalem@houstonstreet.com

HoustonStreet and EnronOnline link to provide greater liquidity to online
energy markets 

EnronOnline to post prices on HoustonStreet.com

PORTSMOUTH, NH, July 12, 2000 - HoustonStreet Exchange today announced a
Memorandum of Understanding with Enron. Under this arrangement, North
American electricity and natural gas prices posted on EnronOnline will
automatically be posted on HoustonStreet.com. Traders will be able to act on
the EnronOnline prices via either platform. The addition of EnronOnline
pricing will correspond with the launch of HoustonStreet's natural gas
platform in September.  

This link between HoustonStreet and Enron, both leaders in Web-based energy
trading, is expected to accelerate the development of the rapidly evolving
online energy trading market. In mid-May HoustonStreet, the first fully
Web-based energy trading portal, announced the successful launch of new
trading platforms for electricity, crude oil and refined products. The
combination of Enron's liquidity and HoustonStreet's trading platforms and
existing strategic relationships with Conoco, Equiva (the U.S. trading arm
for Shell, Texaco and Saudi Aramco), Sithe Energies, Inc., Williams and
Vivendi will provide energy traders with the trading functionality they want
and the competitive markets they need.

"Enron's goal is to continue increasing liquidity in natural gas and
electricity markets," said Louise Kitchen, president and COO of EnronOnline.
"By extending our pricing to HoustonStreet, more potential buyers and
sellers will be able to transact with Enron."

Frank Getman, president and CEO of HoustonStreet, shared Enron's excitement
about the alliance.  "Enron is clearly a leader in the 'new economy.' This
link is yet another step toward HoustonStreet's goal of becoming 'how energy
companies do business.'"
- more -About HoustonStreet Exchange

Designed by traders for traders, HoustonStreet Exchange represents the first
Web portal for the trading of wholesale energy products. HoustonStreet.com
provides an online trading engine that allows traders a faster, easier and
more efficient means for buying and selling their energy products.
Forbes.com named HoustonStreet Exchange one of the 200 "most promising and
competitive" business-to-business Web sites in the first annual Best of the
Web: B2B guide. CIO magazine named HoustonStreet a "2000 Web Business 50/50
Award winner," citing HoustonStreet.com as one of the top 50 internet sites
that demonstrate a keen ability to blend technology and design of their Web
site with the needs of their target audience. HoustonStreet Exchange is
headquartered in Portsmouth, New Hampshire with offices in Houston, Texas.
HoustonStreet Exchange is a majority-owned subsidiary of BayCorp Holdings,
Ltd., (AMEX: MWH). For more information, visit HoustonStreet at
www.houstonstreet.com.


# # #


This press release contains forward-looking statements. There are a number
of important factors that could cause these forward-looking statements to be
materially inaccurate. These factors include, without limitation, that (i)
energy traders may be unwilling or unable to use Internet-based energy
trading systems, including HoustonStreet.com, (ii) HoustonStreet.com may not
be able to operate profitably, (iii) technological or systems outages could
occur, (iv) competitors with greater financial, marketing or other 
resources could emerge, (v) performance is contingent upon successful
completion of design, implementation and improvement to the electricity,
crude, refined products and natural gas sites, and (vi) market acceptance of
HoustonStreet.com cannot be predicted. HoustonStreet.com is a registered
service mark of HoustonStreet Exchange.

Enron Press Release FINAL.doc