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ENRON CAPITAL TRUST I ANNOUNCES DIVIDENDS ON
TRUST PREFERRED SECURITIES
FOR IMMEDIATE RELEASE: Thursday, December 19, 1996
HOUSTON -- Enron Capital Trust I, a Delaware statutory business trust, announced today the declaration of a dividend of $.23056 on the Enron Capital Trust I 8.30% Trust Originated Preferred Securities, payable December 31, 1996 to holders of record as of December 30, 1996. The dividends accrue from November 21, 1996, the date of original issuance of the preferred securities. The annual dividend is equivalent to $2.075 per preferred security.
Enron, one of the world’s largest integrated natural gas and electricity companies with approximately $15 billion in assets, operates one of the largest natural gas transmission systems in the world; is the largest purchaser and marketer of natural gas and the largest non-regulated marketer of electricity in North America; markets natural gas liquids worldwide; manages the largest portfolio of fixed-price natural gas risk management contracts in the world; is among the leading entities arranging new capital to the energy industry; owns a majority interest in Enron Oil & Gas Company, one of the largest independent (non-integrated) exploration and production companies in the United States; owns a majority interest in Enron Global Power & Pipelines L.L.C., which is owner and manager of operating power plants and natural gas pipelines around the world; and is one of the largest independent developers and producers of electricity in the world. Enron is traded under the ticker symbol, "ENE."
For additional information please contact:
Diane Bazelides
(713) 853-6285
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