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ENRON CORP. TO FILE REGISTRATON STATEMENT FOR EQUITY OFFERING
FOR IMMEDIATE RELEASE: Tuesday, April 21, 1998
HOUSTON - Enron Corp. announced today its intent to file with the Securities and Exchange Commission a registration statement for the offer and sale of 15 million shares of common stock. This offering, which represents a 4.5 percent increase in diluted shares, will be conducted by underwriters in the near future.
Proceeds from the sale of the common shares will be used to reduce debt and to fund capital expenditures in support of continued growth in Enron's core businesses and in its new retail energy services business.
The offering may be made only by means of a prospectus.
Enron is the world's leading integrated natural gas and electricity company. The company owns approximately $23 billion in energy related assets and delivers physical commodities and risk management and financial services to provide energy solutions 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:
Diane Bazelides
(713) 853-6285
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