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ENRON CAPITAL TRUST I AND ENRON CAPITAL TRUST II ANNOUNCE DIVIDENDS ON TRUST PREFERRED SECURITIES
FOR IMMEDIATE RELEASE: Wednesday, December 17, 1997
HOUSTON -- Enron Capital Trust I, a Delaware statutory business trust, announced today the declaration of its quarterly dividend of $.51875 on the Enron Capital Trust I 8.30 percent Trust Originated Preferred Securities, payable December 31, 1997 to holders of record as of December 30, 1997. The annual dividend is equivalent to $2.075 per preferred security.
Enron Capital Trust II, a Delaware statutory business trust, announced today the declaration of its quarterly dividend of $.5078 on the Enron Capital Trust II 8.125 percent Trust Originated Preferred Securities, payable December 31, 1997 to holders of record as of December 30, 1997. The annual dividend is equivalent to $2.03125 per preferred security.
Enron Corp., one of the world's largest integrated natural gas and electricity companies with approximately $23 billion in assets, operates one of the largest natural gas transmission systems in the world; is the largest marketer of natural gas and electricity in North America; is a leading participant in liberalized energy markets in the United Kingdom and the Nordic Countries; 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 and manages operating power plants and natural gas pipelines around the world; is one of the largest independent developers and producers of electricity in the world; and is a major supplier of solar and wind energy worldwide. Enron's internet address is www.enron.com and its common stock is traded under the ticker symbol, "ENE."
For additional information please contact:
Carol Hensley
(713) 853-6498
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