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ENRON ENTERS TOLEDO RESIDENTIAL NATURAL GAS MARKET -- "CLEAN START" PROVIDES RESIDENTS 15 PERCENT LOWER GAS PRICE
FOR IMMEDIATE RELEASE: Thursday, March 27, 1997
HOUSTON -- Enron Energy Services (EES), an operating unit of Enron Capital & Trade Resources, announced today that it has entered the Toledo, Ohio, natural gas market as a supplier to residential consumers. Through its product "Clean Start," Enron will provide residential gas consumers a 15 percent discount from the average of the last twelve month's base natural gas price.
Enron, one of the largest integrated natural gas companies in North America, has been supplying natural gas to commercial customers in Ohio for nearly 15 years through its office in Dublin, Ohio. Now, through a program offered by Columbia Gas, Toledo residents are able to select from among numerous competitive natural gas suppliers.
"Enron's presence in Toledo is a testament to our commitment to serve residential consumers as energy markets continue to open to competition," said Lou L. Pai, chairman and CEO, EES. "In Toledo, as in other areas of the country, Enron will provide home owners significant savings on their energy bills; and in the future, new and innovative service options."
Enron Capital & Trade Resources is a subsidiary of Enron Corp. 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:
Terrie James
(713) 853-7727
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