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ENRON CAPITAL LLC AND ENRON CAPITAL RESOURCES, L.P. ANNOUNCE DIVIDENDS ON CUMULATIVE PREFERRED SECURITIES
FOR IMMEDIATE RELEASE: Tuesday, November 17, 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 November, payable November 30, 1998 to stockholders of record as of November 27, 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 November, payable November 30, 1998 to holders of record as of November 27, 1998. The annual dividend rate is $2.25.
Enron is one of the world's leading integrated electricity and natural gas companies. The company, which owns approximately $30 billion in energy related assets, produces electricity and natural gas, develops, constructs and operates energy facilities worldwide and delivers physical commodities and risk management and financial services to customers around the world. Enron's Internet address is www.enron.com, and the stock is traded under the ticker symbol, "ENE."
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For additional information please contact:
Karen Denne - Enron
(713) 853-9757
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