enron mentions 11 29 01 daschle calls congressional investigation enron collapse bloomberg 11 29 01 enron troubles hit houston office market tower project delayed bloomberg 11 29 01 newpower enough cash run 2 nd quarter updatel bloomberg 11 29 01 txu taylor comments effect possible enron bankruptcy bloomberg 11 29 01 nymex tells members enron trades must approved updatel bloomberg 11 29 01 enron metals close finding buyer administrators say bloomberg 11 29 01 german bank enron exposure 9 million 100 million bloomberg 11 29 01 enron corp poised file largest ever bankruptcy case bloomberg 11 29 01 enron overseas assets could complicate bankruptcy dow jones emerging markets report 11 29 01 usa ice electronic energy trade soars enron woes reuters english news service 11 29 01 unwind enron derivatives could mkt biggest ever dow jones capital markets report 11 29 01 usa us 10 yr note full point weak data enron reuters english news service 11 29 01 reliant resources says enron situation manageable presents opportunities pr newswire 11 29 01 enron european counterparties largely blase exposure dow jones energy service 11 29 01 usa u stocks buoyed corporate earnings reuters english news service 11 29 01 enron troubles hand ammunition dollar bears dow jones news service 11 29 01 uk uk prompt electricity dives enron backlash reuters english news service 11 29 01 enron trade swiss power market thursday dow jones international news 11 29 01 us power gas markets remain orderly despite enron exit dow jones energy service 11 29 01 usa enron opens eol trade system unwind positions reuters english news service 11 29 01 germany german power jumpy cal 02 enron crisis reuters english news service 11 29 01 europe funds exposure enron limited many sold early dow jones international news 11 29 01 enron metals trading staff say bnp coke metals hsbc rumoured possible buyers afx news 11 29 01 enron said guarantee europe pwr delivery thu fri dow jones energy service 11 29 01 usa dynegy cites deterioration enron operations reuters english news service 11 29 01 csfb three big banks 1 5 b loan exposure enron dow jones capital markets report 11 29 01 usa update 1 daschle says congress needs answers enron reuters english news service 11 29 01 enron crisis hits four japanese money mgmt funds nikkei dow jones international news 11 29 01 enron bonds signal anticipated enron bankruptcy filing dow jones capital markets report 11 29 01 usa nymex restricts trading enron reuters english news service 11 29 01 enron fallout continues pressure bank sector bonds dow jones capital markets report 11 29 01 williams president reaffirms 2001 earnings guidance 15 annual earnings growth pr newswire 11 29 01 daschle calls congressional investigation enron collapse 2001 11 29 12 30 new york washington nov 29 bloomberg following comments made morning senate majority leader tom daschle asked collapse enron corp certainly going try find answers questions involving collapse enron know anybody knows yet happened happened quickly think need find much information possible make assessment whether indicative energy larger context ought clearly raises serious questions enron troubles hit houston office market tower project delayed 2001 11 29 12 25 new york enron troubles hit houston office market tower project delayed houston nov 29 bloomberg trammell crow co delayed construction 108 million office development downtown houston first real estate project city suffer fallout enron financial troubles trammell crow delayed groundbreaking planned 34 story tower least next year said leah rogers trammell crow spokeswoman construction started next week given national economic uncertainty uncertainty associated future availability class space springing recent events enron decided delay construction start future visibility improves matt khourie heads trammell crow houston development operations said statement enron largest u energy trader may file bankruptcy protection liquidate assets dynegy inc abandoned proposed purchase company investors analysts said enron expected give 3 million square feet occupies houston developers harder time filling projects forcing rental rates brokers said 2 million square feet enron space city downtown trammell crow ballpark place project planned project include apartments retail space sit next enron field home major league baseball team houston astros according houston chronicle reported delay earlier houston 4 projects construction including 40 story 1 17 million square foot tower built enron next current headquarters projects mainly built power companies said peyton collins head property broker insignia esg houston office downtown market 5 percent vacant look five years space coming line vacancy rates could double said collins houston office projects underway include 800 000 square foot building reliant resources lease 550 000 square feet 600 000 square foot tower half occupied calpine corp according insignia newpower enough cash run 2 nd quarter updatel 2001 11 29 12 36 new york newpower enough cash run 2 nd quarter updatel updates financing details second paragraph enron third quarter loss investments sixth paragraph purchase new york nov 29 bloomberg newpower holdings inc venture formed enron corp compete traditional natural gas electric utilities said enough cash credit run second quarter company negotiating lenders 50 million next year another 50 million 2003 spokeswoman gael doar said newpower 44 percent owned enron may need money buy gas winter inventories next year said newpower said possible enron bankruptcy filing probably affect earnings purchase new york based company said meet credit obligations enron utilities continue deliver customers newpower 805 000 customers end third quarter said expects 840 000 860 000 end year electricity customers texas georgia largest gas market doar said also business ohio pennsylvania elsewhere dynegy inc yesterday abandoned bid rival enron biggest energy trader standard sure expect sort stuff nothing yet today sure got things think nymex tells members enron trades must approved updatel 2001 11 29 12 47 new york nymex tells members enron trades must approved updatel adds margin increases fourth fifth paragraphs new york nov 29 bloomberg new york mercantile exchange president j robert collins told floor members could accept orders enron corp unless receive written authorization exchange clearing member fax collins member firms today said order effective immediately would remain effect notice exchange clearing members companies guarantee transactions exchange trades energy metals futures options exchange yesterday said raise margins natural gas crude oil futures contracts close trading today margins deposits traders must make exchange buying selling futures contracts ensure obligations met exchange gave reason increase decision followed day wide changes natural gas prices swings began dynegy inc abandoned plans purchase enron biggest gas trader traders grew concerned enron might forced bankruptcy enron metals close finding buyer administrators say 2001 11 29 13 32 new york enron metals close finding buyer administrators say london nov 29 bloomberg enron corp metals unit one biggest traders london metal exchange close sold administrator said accord would end 18 month foray markets copper similar products possible buyers include hsbc holdings plc glencore international ag current management company traders analysts speculated officials companies immediately reached comment already serious interest enron metal business negotiations expected lead successful deal soon said tony lomas pricewaterhousecoopers administrator enron europe primary focus large physical assets trading position group traders analysts speculated enron metals would sold since dynegy inc agreed earlier month buy enron corp 23 billion accord collapsed yesterday metals unit seemed slated sale analysts said enron agreed buy business formerly mg plc 445 million may last year mg metals trading unit germany metallgesellschaft ag century old operation upon german construction engineering trading company built one 11 floor traders london metal exchange world biggest metals bourse enron earned commissions though brokering trades charged rent warehouses owned henry bath son ltd speculated direction metals prices declining market former chief executive metallgesellschaft heinz schimmelbusch interview earlier month denied speculation pennsylvania based safeguard international fund lp interested buying enron metals trading operation hsbc europe biggest bank market value said last month considering plan add trading industrial metals copper aluminum precious metals trading operation meet demand customers interest glencore may stem desire expand existing operations said mike price head mining metals societe generale called ring dealer floor trader lme whoever buys enron metals somebody pretty substantial price said current management hopes buyer would need find somebody deep pockets new owner enron metals entering metals market time copper prices declined 15 percent year aluminum prices 7 percent demand dropped users aircraft makers electronics companies amid slowing economies declining prices led n rothschild sons member lme quit base metals trading prompted scotiamoccata metals trading unit canada bank nova scotia leave lme ring departure scotiamoccata reduced number ring dealers 11 raised doubts future open outcry trading exchange lme promoting less expensive electronic trading german bank enron exposure 9 million 100 million 2001 11 29 13 32 new york german bank enron exposure 9 million 100 million frankfurt nov 29 bloomberg dresdner bank ag owned allianz ag said exposure enron corp 100 million deutsche bank ag commerzbank ag said exposure enron amounts double digit million euros amount europe largest bank exposure significantly 100 million euros 89 million said ronald weichert spokesman deutsche bank commerzbank exposure 10 million euros less 50 million euros spokesman peter pietsch said dresdner expects way less 100 million default take appropriate loan loss reserves end year said spokeswoman elke pawellek largest u energy trader may file bankruptcy protection dynegy inc yesterday abandoned proposed merger enron forcing enron liquidate assets pay 15 billion publicly held debt enron corp poised file largest ever bankruptcy case 2001 11 29 14 04 new york enron corp poised file largest ever bankruptcy case washington nov 29 bloomberg enron corp poised file largest bankruptcy reorganization history dynegy inc scuttled plans acquire energy trader saddled 15 billion debt enron less 2 billion cash last week must pay 690 million lenders mid december responsible another 3 9 billion debt owed affiliated partnerships houston based company collapse underscored new restrictions operations new york mercantile exchange barred floor members accepting orders enron without special written authorization company internet trading reduced 30 commodities three products bankruptcy filing enron would top texaco inc record 35 9 billion case 1987 creditors lining claim left company 61 billion assets black hole said gary hindes managing director deltec asset management llc investment enron forensic accountants get sort things know enron worth duke energy corp j p morgan chase co williams cos dozen companies say may lose 1 billion combined enron collapse electricity natural gas companies said enron owed almost 600 million yesterday london appointed administrator enron european holding company operating companies step companies taken filing chapter 11 papers u enron shares lost 26 billion market value last six months lawyers enron hired law firm weil gotshal manges llp nation largest bankruptcy practice blackstone group lp investment banking firm arthur newman head restructuring blackstone said firm retained declined comment chapter 11 would let enron officials continue control company negotiating recovery plan creditors provision u bankruptcy law automatically blocks debt collection efforts lawsuits actions company chapter 11 filing great thing cash starved company attacked sides said nancy rapoport dean university houston law center thousands affected enron bankruptcy would affect thousands people including company 21 000 employees customers suppliers investors creditors court supervised recovery process would give enron chance change strategies fix mistakes might take years complete may end company liquidation addition energy trading operation enron operates nationwide gas pipeline system spanning 25 000 miles also owns portland general electric generates distributes power 725 000 customers pacific northwest company enron broadband services building global fiber optic communications network chapter 11 reorganization lets companies abandon onerous contracts unprofitable leases every bad business deal enron got walk away said peter chapman distressed debt investor also publishes newsletters high profile bankruptcy reorganizations recovery goal chapter 11 recovery plan allows company pay creditors come bankruptcy plan typically must approved majority creditors representing two thirds company debts company would ask bankruptcy judge final approval recovery plan divides company value among various classes creditors hierarchy set u bankruptcy code secured creditors collateral backing claims paid ahead unsecured creditors bondholders suppliers financial advisers creditors companies large bankruptcies say chapter 11 recovery plan enron would particularly difficult produce host intangible assets combined morass contingent liabilities creating potential witches brew bankruptcy said jeff werbalowsky houlihan lokey howard zukin investment banking firm contacted advice enron bondholders shareholders enron shareholders likely lose investment chapter 11 case would last line get paid enron shares fell 20 cents 33 percent 41 cents afternoon trading shares traded 54 54 june 4 company said morning evaluating whether pay scheduled 12 5 cent quarterly dividend dec 20 enron bond prices reflect uncertainty company value company 6 4 percent notes mature 2006 unchanged 22 cents dollar traders said price notes yield 53 percent recovery enron creditors bankruptcy case may come lawsuits said russell belinsky investment banker chanin capital partners also approached advice enron bondholders lot juicy legal issues said belinsky potential targets include enron accounting firm officers directors disentangling pieces reorganization going painstaking job said liability dynegy might face liability canceling purchase enron dynegy invoked terms buyout agreement gave right purchase enron natural gas pipeline takeover fell apart dynegy received right pipeline exchange 1 5 billion investment enron chevrontexaco corp owns one fourth dynegy enron might use bankruptcy prevent dynegy walking away buyout claiming ownership pipeline dynegy acquisition valued 23 billion proposed nov 9 collapsed bankers failed raise 1 5 billion enron needed operate deal completed lack funds credit downgrade contributed dynegy decision bankers led j p morgan chase co vice chairman james b lee tried two weeks raise cash enron needed investors turned heightened concern enron able pay debts three credit rating agencies yesterday cut enron credit rating junk status triggering acceleration company debt obligations unraveling enron unraveling began october said shareholders equity reduced 1 2 billion way company accounted outside partnerships created announcement prompted lawsuits investigation u securities exchange commission enron ended restating earnings almost five years shares plunged enron trading partners lost confidence company would cash pay bills trading partners mirant corp either demanded collateral trade restricted trading company situation dire said deltec hindes one going trade enron right could wind unsecured creditor tomorrow enron overseas assets could complicate bankruptcy charles roth dow jones newswires 11 29 2001 dow jones emerging markets report copyright c 2001 dow jones company inc new york dow jones enron corp ene teeters edge insolvency creditors power industry players even foreign governments angling lay claim company assets example far ripples felt brazilian government said thursday legally entitled seize enron assets country u energy titan files bankruptcy houston based company 60 billion assets little 10 considered non core located overseas indeed enron 10 453 megawatts total power production 8339 mw generated internationally established presence dozens countries enron also diversified oil gas exploration production power generation even non energy related businesses forest products metals steel broadband credit evaluation systems although enron non core global forays whole profitable value hard assets clear whether claims foreign governments enron assets would honored certain company myriad overseas holdings addle would likely vastly complex bankruptcy proceeding following overview number holdings outside north american continent according recent data provided company however specify extent equity interests operational control majority assets listed approximately 70 enron assets outside north america europe located central south america caribbean brazil enron controls electricity distributor elektro eletricidade e servico sa e eko acquired 1998 brrl 479 billion 1 brr 2 48 also owns two gas fired thermoelectric plants eletrobolt capacity 380 megawatts cuiaba 480 mw capacity enron also owns important stakes natural gas distributor companhia distribuidora de gas rio de janeiro e cdr ceg smaller unit ceg rio late april brazil oil giant petroleo brasileiro pbr petrobras agreed pay 240 million stake enron owns ceg petrobras agreed buy 25 38 stake u energy group owns ceg well 33 75 stake enron ceg rio deal still seen closing next days puerto rico enron poised sell weeks ahead 49 interest 507 mw ecoelectrica power plant liquified natural gas terminal 250 million also involved 20 000 metric ton liquefied petroleum gas storage terminal san juan gas distribution company capacity carry approximately 400 000 cubic feet day bolivia enron operator bolivian side 3 000 kilometer bolivia brazil natural gas pipeline holds small 4 interest brazilian side argentina enron interest transportadora de gas del sur 5 005 kilometer pipeline venezuela enron cooperation vengas involved leading transporter distributor lpg among assets colombia enron stakes centragas pipeline 578 km natural gas transmission system promigas top natural gas company panama enron holds 355 mw electricity generation plant guatemala enron two power plants combined generating capacity 234 mw dominican republic enron 185 mw power facility company also sizeable footprint asia particularly india india 14 enron international assets located india home mammoth 3 billion dabhol power project generation capacity 2184 mw enron also poised sell offshore india oil 201 938 2226 charles roth dowjones com geoffrey smith london contributed article copyright 2000 dow jones company inc rights reserved usa ice electronic energy trade soars enron woes 11 29 2001 reuters english news service c reuters limited 2001 new york nov 29 reuters intercontinental exchange ice atlanta based electronic energy metals marketplace said thursday trade system late november 65 percent october ice setting new trading records recent weeks concerns energy trader enron corp crumbling credit rating diverted line business exchange enron suspended operations enrononline ice main rival internet based trading wednesday standard poor cut enron credit rating junk status killing potential takeover dynegy inc enron said plans permanently dismantle electronic trading system said reopened enrononline thursday allow parties unwind outstanding positions month enron far nation largest trader north american natural gas electricity industry analysts estimating involved 25 percent daily trade markets addition increased volumes ice also seen big jump number users tapping system 30 percent october exchange said statement past couple weeks experienced increase total volumes registered users said jeffrey sprecher chief executive officer ice believe inherent credit concerns otc counter market spawned interest many many trading platform opposed one many platform sprecher also said ice would continue look ways expand trading platform accommodate new participants open access marketplace intercontinental exchange 400 commodity trading firms participating ice electronic trading system installed 7 500 desktops worldwide 7 percent gain past two weeks products traded ice include natural gas power crude oil refined products precious metals emissions allowances intercontinental exchange offices new york houston chicago london singapore owned 100 energy metals traders brokers bankers copyright 2000 dow jones company inc rights reserved unwind enron derivatives could mkt biggest ever joe niedzielski dow jones newswires 11 29 2001 dow jones capital markets report copyright c 2001 dow jones joe niedzielski dowjones com copyright 2000 dow jones company inc rights reserved usa us 10 yr note full point weak data enron 11 29 2001 reuters english news service c reuters limited 2001 new york nov 29 reuters u benchmark 10 year notes soared full point thursday broad treasury market rally hopes another federal reserve rate cut extended amid concerns beleaguered energy trading company enron soon file bankruptcy enron corp stood abyss bankruptcy thursday european arm filed creditor protection creditors assessed exposure one world biggest ever corporate collapses looks like enron going file bankruptcy said jim claire head fixed income trading evergreen institutional asset management charlotte north carolina kind flight quality early report showing spike weekly jobless claims past week highlighted frail u economy boosting market expectations fed cut interest rates 11 th time year policy meeting december 11 1 13 p 1813 gmt two year notes 8 32 100 1 32 yielding 2 96 percent five year notes climbed 22 32 97 3 32 yielding 4 15 percent benchmark 10 year notes 30 32 101 14 32 yielding 4 81 percent thirty year bonds 1 15 32 101 24 32 yielding 5 26 percent copyright 2000 dow jones company inc rights reserved reliant resources says enron situation manageable presents opportunities 11 29 2001 pr newswire copyright c 2001 pr newswire houston nov 29 prnewswire reliant resources inc nyse rri today announced confident wholesale energy markets work implications caused enron recent credit rating downgrade deterioration enron credit position occurred period weeks market reliant resources opportunities prepare event reliant resources current exposure enron approximately 80 million primarily power sales company asset portfolio natural gas sales trading portfolio reliant resources already seen additional market opportunities result situation increasing efforts serve new existing customers reliant resources based houston texas provides electricity energy services wholesale retail customers u europe marketing services reliant energy brand name company nearly 18 000 megawatts power generation capacity operation construction advanced development contract u reliant resources one five companies rank among ten largest power marketers ten largest natural gas marketers north america company also wholesale trading marketing operations nearly 3 500 megawatts power generation operation western europe retail level reliant resources provides energy services serve approximately 1 7 million customers texas electricity market opens full retail competition january 2002 reliant resources currently majority owned subsidiary reliant energy nyse rei news release includes forward looking statements actual events results may differ materially projected factors could affect actual results include timing impact future regulatory legislative decisions changes reliant resources business plans financial market conditions factors discussed reliant resources filings securities exchange commission make opinion count click contact media sandra fruhman 1 713 207 3123 investors dennis barber 1 713 207 3042 reliant resources inc 13 13 est copyright 2000 dow jones company inc rights reserved enron european counterparties largely blase exposure mark long dow jones newswires 11 29 2001 dow jones energy service copyright c 2001 dow jones company inc london dow jones three major spot power market exchanges suspended enron corp ene right trade thursday one time energy giant major european counterparties relaxed exposure company indicating made full use breathing space afforded dynegy inc dyn unsuccessful rescue bid ukpx banned enron spot power trade thursday defaulted contracts nord pool suspended enron trading rights enron failed meet margin requirements apx declined comment enron suspended u k trade spanish pool operator omel unavailable comment enron status market participant spain statements leading u k german companies hint energy companies without balanced portfolios assets may see biggest problems back enron debacle u k multi utility innogy plc iog chief executive brian count told journalists early thursday company overexposed defunct energy trader although declined comment innogy level exposure sit one less competitor still number customers want risk management services count told journalists telephone conference call following release innogy first half results enron review last five weeks added actively managed situation company comfortable position enron regard opportunity powergen plc pwg u k power giant said overexposed enron anticipates negative change market position enron goes bankrupt powergen manages risk way negative material impact us enron becomes insolvent said spokeswoman powergen industry sources say powergen among first stop trading enron company generally highly credit conscious spokesmen scottish power plc spi scottish dow jones newswires 44 0 20 7842 9356 mark long dowjones com copyright 2000 dow jones little bit better feels like going really explode upside said todd clark co head equity trading wr hambrecht market going sit continue correct rally markets go straight line technology laced nasdaq composite index rose 27 01 points 1 43 percent 1 914 98 blue chip dow jones industrial average 32 24 points 0 33 percent 9 744 10 broader standard poor 500 index 5 84 points 0 52 percent 1 134 36 among active nasdaq stocks palm rose hand held computer maker said expects meet analysts estimates palm rose 15 cents 3 56 4 4 percent software provider freemarkets inc rose sharply nasdaq raised revenue profit outlook freemarkets jumped 3 98 17 57 29 2 percent storage networking company brocade communications systems inc rose 2 43 31 25 nasdaq profits fell sharply slower economy kept corporate buyers sidelines still managed meet wall street estimates enron teetering brink one biggest corporate implosions u history plunged 85 percent frenzied trading wednesday fell 34 4 percent 20 cents 41 cents new york stock exchange sank low 35 cents initially enron crushed rival dynegy inc decision pull planned 9 billion takeover beleaguered energy trader p natural gas index lost nearly 4 percent one point later cut losses thursday drop reflected losses firms williams cos inc 1 26 05 dynegy fell 87 cents 35 02 enron went done deal dead deal said alan ackerman market strategist brokerage fahnestock co enron collapse may significant ramifications banks energy companies contracts enron may honored enron equity may worthless financial giants citigroup inc j p morgan chase co inc lent money proposed enron dynegy merged company saw stocks fall second day running later rebounded citigroup rose 51 cents 48 31 j p morgan rose 5 cents 37 55 components dow index nvidia corp soared standard poor said multimedia graphics firm replace energy trade enron p index 500 top companies nvidia soared 3 24 54 60 6 percent sales new u homes rose second straight month october inching 0 2 percent annual rate 880 000 units suggesting housing market continues bright spot ailing u economy orders costly u durable goods surged fastest rate record october 12 8 percent 184 8 billion largest gain since commerce department began records march 1992 increase led huge orders aircraft defense capital goods well cars data may help rekindle hopes economy rebounded since sept 11 attacks orders motor vehicles likely spurred increased demand due zero interest rate loans car purchases jumped 10 6 percent number americans lining first time jobless benefits rose 54 000 last week exceeding wall street expectations saw encouraging number durable goods early see sustained trend layoffs continue real concern ackerman added h r block inc 1 u tax preparer rose 2 22 38 22 6 percent company raised profit forecasts current fiscal year helped new accounting rules strong mortgage business conexant systems inc rose saying expects revenue december quarter 5 percent 7 percent prior quarter driven strong demand chips used wireless devices like mobile phones stock rose 53 cents 15 60 3 5 percent acambis plc american depositary receipts shot higher news u government awarded british company along baxter international inc 428 million smallpox vaccine contract acambis adrs rose 7 3 45 19 3 percent baxter shares rose 1 74 51 90 bioreliance corp 8 percent 2 14 28 19 company said would help acambis produce vaccines huge contract copyright 2000 dow jones company inc rights reserved enron troubles hand ammunition dollar bears grainne mccarthy dow jones newswires 11 29 2001 dow jones news service copyright c 2001 dow jones 201 938 2381 grainne mccarthy dowjones com copyright 2000 dow jones company inc rights reserved uk uk prompt electricity dives enron backlash 11 29 2001 reuters english news service c reuters limited 2001 london nov 29 reuters british day ahead electricity prices slumped thursday traders dumped power onto market cutting ties troubled enron day ahead electricity trading 15 pounds per megawatt hour 26 5 pounds wednesday certain parties cut lines counter parties ended dump electricity market said one trader electricity flooding prompt market power would gone enron likely generated plants easily switched nuclear power stations enron european business placed administration thursday parent stands brink bankruptcy rescue deal smaller rival dynegy fell apart forward curve trading prices summer 02 baseload contract finished 10 pence higher 17 39 pounds winter 02 baseload ten pence 19 25 pounds traders said traders said companies could start terminating contracts enron terms counter market standard gtma contract clause gtma allows immediate termination counterparty become insolvent copyright 2000 dow jones company inc rights reserved enron trade swiss power market thursday 11 29 2001 dow jones international news copyright c 2001 dow jones 41 1 211 70 1 goran mijuk dowjones com copyright 2000 dow jones company inc rights reserved us power gas markets remain orderly despite enron exit dina meara mark golden andrew dowell dow jones newswires 11 29 2001 dow jones energy service copyright c 2001 dow jones company inc new york dow jones trading u natural gas electricity markets generally remained orderly thursday price movements continued muted despite exit one time market leader enron corp ene gas markets however saw volatility result enron absence traders said electricity prices seemed stronger justified fundamentals perhaps result buying traders covering exposure enron moves dramatic almost business usual one power trader said enron presenting full range prices internet based platform enrononline thursday although traders said enron briefly making markets products traders part business company attributed activity last minute efforts energy companies flatten positions enron energy giant efforts close positions lot unwinding going trader said new york mercantile exchange world largest energy futures exchange advised floor members thursday morning accept orders placed directly trading floor enron enron affiliates without written authorization clearing member carrying enron account exit company accounted quarter north american power gas markets produced substantial changes way business done energy markets traders used transacting enrononline spending time phone turning platforms like run electronic marketplace founded consortium energy financial companies traders accustomed looking enrononline pricing guidance left figure market result abnormally high volatility physical gas markets particularly gas delivery next month trader said gas delivery december southern california topak hub trading range 1 95 2 55 per million british thermal units trader said december gas san juan basin trading 1 70 2 44 traders sure trading trader said copyright 2000 dow jones company inc rights reserved usa enron opens eol trade system unwind positions 11 29 2001 reuters english news service c reuters limited 2001 san francisco nov 29 reuters beleaguered energy giant enron corp said thursday reopened widely used electronic trading system allow parties unwind outstanding positions company also said plans permanently dismantle enrononline eol system month far liquid marketplace trading north american electricity natural gas enrononline available customers transact order provide means manage enron credit exposure message posted trading system said message warned transactions may available customers entering transactions carefully evaluate positions enron current credit status transacting enron spokesman eric thode confirmed enrononline recently accounted 60 percent enron business restarted operations late wednesday internet based eol trading platform shut earlier wednesday credit rating agencies cut enron debt junk status thode also said company plans cease operations enrononline parties closed outstanding positions system also carries products trading various commodities like metals pulp paper enron teetering brink bankruptcy rescue deal smaller rival dynegy inc fell apart wednesday copyright 2000 dow jones company inc rights reserved germany german power jumpy cal 02 enron crisis 11 29 2001 reuters english news service c reuters limited 2001 frankfurt nov 29 reuters german electricity prices jumped around widely thursday year 2002 firmed 35 eurocents due uncertainty value long term contracts crisis hit counterparty enron enron liquidity crisis reached head thursday firm announced european arm filed creditor protection prices jumpy today part due uncertainty enron trader said enron actually tapering volumes market really miss big volumes today added day ahead baseload traded 31 5 33 euros early high 35 euros mid session low 29 5 euros peakload traded 39 75 42 25 euros peaking 45 euros troughing 39 75 euros week ahead rangebound 29 75 31 euros peakload changed hands 41 5 44 euros quiet trading december baseload traded 27 6 euros retracing wednesday range 26 65 26 7 euros january baseload traded 26 65 27 1 also steady previous levels year 2002 firmed 22 75 22 4 euros falling back 22 45 last traded 22 35 55 speculation enron covering long term postions since delivery guaranteed beyond friday dealer said copyright 2000 dow jones many sold early ellen thalman dow jones newswires 11 29 2001 dow jones international news copyright c 2001 dow jones company inc berlin dow jones european mutual funds may stuck holding enron inc ene shares bonds exposure appears fairly limited number fund companies saying already sold holdings recent months nevertheless funds said exposure stock bonds company stopped trading wednesday standard poor downgraded credit rating junk dynegy inc dyn abandoned plans buyout fund manger helle bendorff bg invest copenhagen said end october bg invest international corporate bond fund 6 1 million kroner 3 2 invested enron corporate bonds total fund dkkl 95 million 1 dkk 8 3652 naturally something like happens anyone see take toll returns said bendorff however give details enron 4 3 8 bonds dated 2005 trading around 20 cents dollar thursday 50 cents buyout fell collapse dynegy deal leaves enron bondholders holding 13 billion debt versus unknown base assets analysts widely expect enron file insolvency protection liquidation value focus bondholders bondholders therefore likely get something back investors left holding stocks contrast u counterparts european stock funds exposure appears fairly low however hit value probably already taken last months fund managers spokespeople number european fund houses known holdings enron shares past said sold assets recent months weeks spokesman dutch funds company ohra beleggingen beheer bv said fund sold enron holdings end october comprised around 4 7 eur 20 million new energy fund also included funds according funds tracking company morningstar said took loss investment stressed still unwound holdings time fund manager denmark uni invest said firms electronic business unit trust sold holdings enron prior current troubles end september unit trust held 3 6 assets enron stock size unit trust dkk 585 million manager said dresdner bank dit funds arm also sold enron holdings energie fonds company third quarter earnings report spokesman said ubs ag ef energy fund european energy funds tend rather small even fund highly exposed unlikely market impact largest energy funds several hundred million euros example u picture somewhat different enron may held major u funds according funds recent securities exchange commission filings include fmr corp x fin fidelity investments stilwell financial inc sv janus capital corp alliance capital management ac putnam investments vanguard group inc x vgi held stock various portfolios including giant passively managed index funds according filings 11 billion alliance premier growth fund 4 assets enron shares sept 30 according morningstar based sept 30 filing fund stake dropped value 445 million wednesday spokeswoman janus said company mercury fund 3 6 assets invested enron stock april 30 disposed enron shares mid november many stock funds europe still holding enron funds also reduced weightings considerably recent months according representatives spokesman u k based investec said company still holding enron stock give specific data morningstar listed global privatization fund wired index fund holders enron stock investec web site list funds top 10 holdings enron positions funds less 3 non material exposure cut loss positions two months ago underweight even year said wired index fund tracks wired index u new economy index enron constituent holding constituent portion separately standard poor said enron removed sdow jones newswires 49 302888410 anita greil xueling lin neil moorhouse nisha gopalan henry j pulizzi contributed story copyright 2000 dow jones company inc rights reserved enron metals trading staff say bnp coke metals hsbc rumoured possible buyers 11 29 2001 afx news c 2001 afp extel news ltd new york afx enron corp metal trading division sparked interest potential buyers rumours company trading floor putting bnp paribas coke metals group hsbc banking group goldman sachs co inc frame enron metals trader said added employees yet received information management future troubled energy giant following news london morning enron european office gone administration everybody showed work today still working entity word internal memos yet employee told afx news completely dark according reports official administrator said strong interest company metals trading division sparking speculation within company potential acquirers said parties rumoured interested acquiring division include bnp paribas coke metals hsbc goldman sachs enron still membership london metals exchange interest banks want get back business said employee requested anonymity asset would interest though pipeline fact enron warehousing worth hundreds millions dollars enron employs total 21 000 people flooded phone calls morning customers seeking information company plans still optimistic solution found lose jobs said employee analysts expecting enron file bankruptcy protection dynegy inc yesterday terminated merger agreement company ratings reduced junk status stock lost 85 pct value yesterday forced p 500 cl jad copyright 2000 dow jones company inc rights reserved enron said guarantee europe pwr delivery thu fri 11 29 2001 dow jones energy service copyright c 2001 dow jones 331 4017 1740 sarah wachter dowjones com copyright 2000 dow jones company inc rights reserved usa dynegy cites deterioration enron operations 11 29 2001 reuters english news service c reuters limited 2001 houston nov 29 reuters dynegy inc chairman chief executive chuck watson thursday said disclosures enron corp deterioration operations led dynegy pull deal acquire beleaguered energy trading giant keep afloat nov 19 filing regulators showed enron faced insurmountable problems long term short term causing dynegy invoke material adverse change clauses allowing pull agreement acquire enron watson said interview cnbc television announcements wednesday credit rating agencies downgraded enron debt junk status also played key role dynegy decision said watson said dynegy confident take control enron northern natural gas pipeline unit next month clause acquisition agreement allowed keep 16 500 miles pipeline deal collapsed enron said contest dynegy claim pipeline copyright 2000 dow jones company inc rights reserved csfb three big banks 1 5 b loan exposure enron 11 29 2001 dow jones capital markets report copyright c 2001 dow jones 201 938 4192 michael derby dowjones com copyright 2000 dow jones company inc rights reserved usa update 1 daschle says congress needs answers enron 11 29 2001 reuters english news service c reuters limited 2001 washington nov 29 reuters u senate majority leader tom daschle said thursday congress find brought one time energy giant enron corp brink bankruptcy see broader ramifications energy industry certainly need try find answers questions involving collapse enron south dakota democrat told reporters think need find much information possible make assessments whether indicative energy larger context ought clearly raises serious questions daschle said activity many enron units 40 countries around world ground halt week global giant employs 21 000 people operations ranging marketing electricity natural gas delivering commodities metals coal pulp paper house energy commerce committee chairman billy tauzin said wednesday see way government try rescue enron near collapse rival energy trader dynergy inc pulled deal buy right envision anything government encourage parties discussing merger continue efforts said tauzin louisiana republican copyright 2000 dow jones company inc rights reserved enron crisis hits four japanese money mgmt funds nikkei 11 29 2001 dow jones international news copyright c 2001 dow jones company inc tokyo nikkei reverberations crisis u energy trading giant enron corp starting shake japanese investors nihon keizai shimbun reported friday morning edition enron edge bankruptcy money management funds managed nikko asset management co three fund companies fell par value yl 0 000 thursday due losses enron bonds money management funds apparently fallen 0 5 7 par value significant loss principal given funds total 3 trillion size japan experienced two previous cases money management funds falling face value losses smaller scale four fund companies besieged redemptions nervous investors anxious retrieve money nikko asset management example reportedly received requests redemptions totaling yl trillion total fund balance 2 7 trillion japan investment trust management co sumisei global investment trust management co two firms hit losses enron bonds also received redemption requests equivalent nearly 30 total fund assets fourth firm affected ufj partners asset management co jittery investors meanwhile asking fund companies even affected enron crisis disclose asset holdings money management funds response shinko investment trust management co drawn plans send brokers materials disclosing holdings money management fund medium term government bond investment fund daiwa asset management co also considering ways beef disclosure largest money management fund industry analysts industry executives expressing concern declines par value could cause investors rethink safety money management funds funds marketed ultrasafe investment vehicles good alternative bank deposits cap deposit insurance protection reimposed april next year interest rates continuing languish extremely low levels fund managers tempted add riskier corporate bonds holdings attempt pump fund yields money management funds yl 8 trillion assets end october accounting one third assets investment trusts copyright 2000 dow jones company inc rights reserved enron bonds signal anticipated enron bankruptcy filing michael c barr dow jones newswires 11 29 2001 dow jones capital markets report copyright c 2001 dow jones company inc new york dow jones corporate bond market signaling anticipation imminent bankruptcy filing beleaguered energy services company enron corp ene 22 1 2 bid bonds maturing 2003 2009 neither bid accrued interest combination bonds trading without accrued interest flat withering normal gap price shorter longer dated maturities means market believes company probably going bankruptcy said tom haag senior analyst charge distressed securities lutheran brotherhood minneapolis trading flat investors saying expect receive interest payments enron sameness price regardless maturity signals market believes bonds treated bankruptcy proceeding said haag normally bond prices reflect greater risk repayment longer dated maturities wednesday standard poor two major ratings agencies downgraded enron speculative grade investment grade enron 7 7 8 coupon bonds maturing 2003 offered price 59 accrued interest traders said downgrades prices fell 20 bonds still quoted accrued interest said harold rivkin principal h rivkin 201 938 2008 michael barr dowjones com copyright 2000 dow jones company inc rights reserved usa nymex restricts trading enron 11 29 2001 reuters english news service c reuters limited 2001 new york nov 29 reuters new york mercantile exchange thursday morning restricted trades beleaguered energy firm enron corp affiliates floor traders said thursday opening floor trade 10 est 1500 gmt nymex president j robert collins sent fax nymex traders calling restrictions effective immediately trades enron floor member may accept order placed directly trading floor enron enron affiliate unless floor member received express written authorization exchange clearing member carrying enron account clearing member agrees accept orders placed directly enron fax stated nymex lists futures options crude oil natural gas heating oil unleaded gasoline platinum palladium comex subsidiary carries futures options gold silver copper copyright 2000 dow jones company inc rights reserved enron fallout continues pressure bank sector bonds richard bravo dow jones newswires 11 29 2001 dow jones capital markets report copyright c 2001 dow jones company inc new york dow jones yield margins treasurys bank bonds continued widen thursday aftershocks enron corp ene debacle continued affect sector three major ratings agencies lowered ratings energy services company junk status wednesday dynegy inc dyn pulled plug potential acquisition company citigroup inc c j p morgan chase co jpm estimated direct line exposure enron 500 million according research report issued thursday credit suisse first boston open thursday j p morgan chase 10 year bonds quoted spread 132 basis points treasurys moving wide 139 basis points morning dealings ratcheted back 134 basis points treasurys late morning citigroup 10 year paper opened day 112 basis points treasurys outstanding debt widened far 119 basis points treasurys moving back 116 basis points treasurys wednesday spreads citigroup j p morgan debt widened 11 basis points bank spreads general seven eight basis points wider wells fargo 201 938 2087 richard bravo dowjones com copyright 2000 dow jones 15 annual earnings growth 11 29 2001 pr newswire copyright c 2001 pr newswire steve malcolm says expected net exposure linked enron less 100 million tulsa okla nov 29 prnewswire steven j malcolm president chief operating officer williams nyse wmb said today expects company meet exceed previously announced earnings targets traditionally conservative managing risk currently believe net exposure related enron less 100 million malcolm said expected earnings growth validates strategy balanced approach investing strategic energy assets deploying marketing company focused offering customers risk management products versus relying pure trading activities believe capable growing profitability years come remain enthusiastic business mix relish opportunity clearly establish solid position ultimately continue demonstrated ability deliver superior results shareholders said malcolm said believes company deliver recurring 2001 earnings per share 2 40 capacity deliver ongoing recurring earnings growth rate estimate 15 percent per year williams williams subsidiaries connects businesses innovative reliable energy products services williams information available www williams com portions document may constitute forward looking statements defined federal law although company believes statements based reasonable assumptions assurance actual outcomes materially different statements made reliance safe harbor protections provided private securities reform act 1995 additional information issues could lead material changes performance contained company annual reports filed securities exchange commission make opinion count click contact media relations jim gipson 1 918 573 2111 jim gipson williams com investor relations rick rodekohr 1 918 573 2087 rick rodekohr williams com richard george 1 918 573 3679 richard george williams com williams 11 07 est copyright 2000 dow jones company inc rights reserved