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ENRON CAPITAL TRUST I AND ENRON CAPITAL TRUST II ANNOUNCE DIVIDENDS ON TRUST PREFERRED SECURITIES
FOR IMMEDIATE RELEASE: Tuesday, March 18, 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 March 31, 1997 to holders of record as of March 28, 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 a dividend of $.4232 on the Enron Capital Trust II 8.125 percent Trust Originated Preferred Securities, payable March 31, 1997 to holders of record as of March 28, 1997. The dividends accrue from January 16, 1997, the date of original issuance of the preferred securities. 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 $16 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; is one of the largest independent developers and producers of electricity in the world; and is a major supplier of solar and wind renewable energy worldwide. Enron is traded under the ticker symbol, "ENE."
For additional information please contact:
Carol Hensley
(713) 853-6498
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