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ENRON AFFILIATES ANNOUNCE DIVIDENDS
FOR IMMEDIATE RELEASE: Thursday, December 14, 2000
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 December, payable Dec. 29, 2000 to stockholders of record as of Dec. 28, 2000. 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 December, payable Dec. 29, 2000 to holders of record as of Dec. 28, 2000. The annual dividend rate is $2.25.
Enron Capital Trust I, a Delaware statutory business trust, announced today the declaration of its quarterly dividend of $0.51875 on the Enron Capital Trust I 8.30% Trust Originated Preferred Securities, payable Dec. 29, 2000 to holders of record as of Dec. 28, 2000. The annual dividend is equivalent to $2.075 per preferred security.
Enron Capital Trust II, a Delaware statutory business trust, announced today the declaration of its quarterly dividend of $0.5078 on the Enron Capital Trust II 8.125% Trust Originated Preferred Securities, payable Dec. 29, 2000 to holders of record as of Dec. 28, 2000. The annual dividend is equivalent to $2.03125 per preferred security.
Enron is one of the world’s leading electricity, natural gas and communications companies. The company, with revenues of $40 billion in 1999 and $60 billion for the first nine months of 2000, markets electricity and natural gas, delivers physical commodities and financial and risk management services to customers around the world, and is developing an intelligent network platform to facilitate online business. Fortune magazine has named Enron “America’s Most Innovative Company” for five consecutive years, the top company for “Quality of Management” and the second best company for “Employee Talent.” Enron’s Internet address is www.enron.com. The stock is traded under the ticker symbol “ENE.”
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Karen Denne
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