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ENRON CAPITAL & TRADE HIRES NORTHERN CALIFORNIA POWER AUTHORITY'S MICHAEL MCDONALD TO HEAD PUBLIC POWER EFFORTS
FOR IMMEDIATE RELEASE: Wednesday, February 11, 1998
HOUSTON - Reaffirming its commitment to the public power sector, Enron Capital & Trade Resources Corp. (ECT), a subsidiary of Enron Corp., announced today that Michael W. McDonald has joined the company as vice president of public power initiatives. In this newly created position, McDonald will head ECT's efforts to develop relationships with public power entities and assist them in becoming competitive in the new energy market.
McDonald joins Enron after 13 years as the general manager of the Northern California Power Agency (NCPA), a nonprofit joint powers agency that serves 19 member cities in central and northern California by providing wholesale electric services including power plant finance, construction and operation, power supply management and legislative and regulatory advocacy. Prior to heading NCPA, McDonald was the city manager in Healdsburg, California.
"Public power is a vitally important sector of the electricity industry, and Mike's vast experience at NCPA and in the public power arena will help ECT better serve public power's interests," said Kenneth D. Rice, chairman and CEO of ECT-North America.
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."
For additional information please contact:
Karen Denne
(713) 853-9757
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