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ENRON CAPITAL LLC AND ENRON CAPITAL RESOURCES, L.P. ANNOUNCE DIVIDENDS ON CUMULATIVE PREFERRED SECURITIES
FOR IMMEDIATE RELEASE: Tuesday, January 20, 1998
HOUSTON -- Enron Capital LLC, a wholly owned subsidiary of Enron Corp., announced today the declaration of its monthly dividend of $0.166667 on the Enron Capital LLC 8% Cumulative Guaranteed Monthly Income Preferred Shares for the month of January, payable February 2, 1998 to stockholders of record as of January 30, 1998. The annual dividend rate is $2.00.
Enron Capital Resources, L.P., a Delaware limited partnership in which Enron Corp. is the sole general partner, announced today the declaration of its monthly dividend of $0.1875 on the Enron Capital Resources, L.P. 9% Cumulative Preferred Securities, Series A, for the month of January, payable February 2, 1998 to holders of record as of January 30, 1998. The annual dividend rate is $2.25.
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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