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ENRON POWER MARKETING SIGNS FOUR
CUSTOMERS IN ILLINOIS POWER PILOT
FOR IMMEDIATE RELEASE: Tuesday, May 28, 1996
HOUSTON -- Enron
Power Marketing Inc. (EPMI), an affiliate of Enron Capital &
Trade Resources (ECT), announced today that, to date, it has signed
agreements to supply power to four industrial customers through
Illinois Power's retail wheeling pilot.
LTV Steel, Air Products & Chemicals,
Inc., Bridgestone/Firestone and Continental General Tire has each
signed contracts with EPMI. The contracts, which total 13 megawatts
of load, comprise a 26 percent share of the pilot's total 50 megawatts
of load.
"Enron is a committed proponent of choice
for all electricity consumers," said Jeffrey K. Skilling,
chairman and CEO, ECT. "We commend Illinois Power for its
move to open the market to competition and look forward to serving
our new customers in the state of Illinois."
ECT is a leading provider of physical and
financial energy products worldwide. The organization is the
largest buyer and seller of natural gas in North America, with
physical and financial volumes of 45 trillion British thermal
units of energy equivalent per day. The company also manages
the largest portfolio of fixed-price natural gas risk management
contracts in the world; is the largest non-regulated U. S. power
marketer; is the largest supplier of gas to the electric generation
industry in North America; is among the leading entities arranging
new capital to the North American energy industry; and, through
affiliates, owns and/or operates two intrastate pipelines in Texas
and Louisiana.
Enron Corp., one of the world's largest
integrated natural gas companies with approximately $13 billion
in assets, operates the second largest natural gas transmission
system in the world; is the largest purchaser and marketer of
natural gas and the largest non-regulated marketer of electricity
in North America; produces and markets natural gas liquids worldwide;
owns 60 percent of Enron Oil & Gas Company, one of the largest
independent (non-integrated) exploration and production companies
in the United States; owns 55 percent of Enron Global Power &
Pipelines L.L.C., which is owner and manager of operating power
plants and natural gas pipelines in emerging markets; and is one
of the largest independent developers and producers of electricity
in the world. Enron Corp. is traded under the ticker symbol,
"ENE."
For additional information please contact:
Terrie James
(713) 853-7727
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