overview investor conference call today enron hosted conference call give investors current overview company update discussed call told investors everything protect interests regain confidence focus remains credit quality balance sheet liquidity essential continued success expansion wholesale businesses took weeks get today snapshot significant events led current situation hindsight definitely made bad investments non core businesses past several years include investments azurix india brazil performed far worse could ever imagined made investments bad investments become leveraged company negative impact investments exacerbated extensive use debt capital balance sheet also entered related party transactions led loss investor confidence damaging criticized lack transparency hard understand financial operating disclosures top discovered errors financial statements discussed 8 k filing last week required restatement previously reported earnings taken new look businesses separated three areas core businesses non core businesses businesses review core businesses core businesses remain strong consistent sources significant earnings cash flows company competitive advantage include natural gas pipeline businesses gas power businesses north america europe retail businesses north america europe coal businesses north america europe events past weeks temporary negative impact projected fourth quarter profitability early tell time impact might operating results considering actions quickly return normal business 2002 also remain optimistic actions taken past couple weeks addressed customer counterparty credit liquidity concerns according business unit leaders definitely seen improvement counterparty relationships non core businesses non core businesses include global assets group broadband division invested 8 billion businesses return dismal aggressive program place exit businesses expect sale businesses generate billions dollars cash use repay debt reinvest core businesses already 800 million assets contracted sale year include ceg rio gas ldc brazil ecoelectrica power plant lng receiving terminal puerto rico asset sales offshore oil gas properties india approximately 2 9 billion portland general sale also target close late 2002 pending regulatory approvals businesses review businesses comprised operations outside power gas wholesale businesses include global industrial markets several businesses strong future prospects need determine capital requirements near term growth prospects sufficient enough terms earnings cash generation reviewing businesses way help determine need make reductions work force information follow soon becomes available credit rating 10 q filing continue meet regularly credit rating agencies believe liquidity enhancements scheduled asset sales strengthen balance sheet maintain investment grade credit rating current credit ratings three major rating agencies follows moody baa 3 review downgrade fitch bbb evolving status investor relations enron corp enron building 1400 smith street houston tx 77002 phone 713 853 3956 fax 713 646 3302 addition identity persons sec rules may considered participants solicitation dynegy enron shareholders connection proposed transactions description direct indirect interests security holdings otherwise available sec filing schedule 14 made dynegy enron