|
FOR IMMEDIATE RELEASE: Tuesday, June 11, 1996
HOUSTON -- Enron Corp. announced today that the Board of Selectmen
of Peterborough, New Hampshire has chosen its power marketing
affiliate ("Enron") as the town's preferred provider
of electricity.
As part of New Hampshire's statewide electric competition pilot,
nearly 1,250 residents and business owners from the Town of Peterborough
have qualified to choose their electric provider. Almost half
of the townspeople have submitted proxies to allow the local Selectmen
to evaluate and choose a supplier that would bring the most value
to the town. At a meeting in Peterborough on June 7, the Selectmen
named Enron as their preferred provider.
"After carefully evaluating various suppliers' proposals,
we felt Enron was by far the strongest," said Lawrence Ross,
Peterborough Selectman. "Enron offers the best short and
long-term solution for the Town of Peterborough and we look forward
to having the company as an energy partner."
Ross cited Enron's environmental record as a significant contributor
to the Selectmen's decision.
"The environment is a primary concern for residents in Peterborough
and throughout the state of New Hampshire," Ross said. "Enron's
recent award from the Council on Economic Priorities for environmental
stewardship, as well as its commitment to clean energy, weighed
heavily in our decision."
"We commend Peterborough's Selectmen for their decision,"
said Jeffrey K. Skilling, chairman and CEO, Enron Capital &
Trade Resources (ECT). "Our agreement with Peterborough
represents Enron's partnering approach with its customers. We
are confident that Enron will benefit the town by lowering residents'
and business owners' electric rates and encouraging greater economic
development."
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 volumes of 7.2 billion-cubic-feet-per-day
and financial volumes of 32.3 trillion-cubic-feet-per-day. The
company also manages the largest portfolio of fixed-price natural
gas risk management contracts in the world; through its power
marketing affiliate, is the largest independent 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
largest natural gas transmission system in the Western Hemisphere
and the second largest 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:
Carol Hensley
(713) 853-6498
 |
