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Enron: Facts and Figures

ImpactResearch: A Program of the DataCenter
June 1st, 2000

Basic Business Information

Publicly Traded on the New York Stock Exchange (ticker symbol ENE)

Headquarters:
1400 Smith Street
Houston, TX 77002

Telephone: 713-853-6161
Fax: 713-853-3129

Enron's Sales in 1999: $40,112,000,000
Net Income: $893,000,000
Cash on hand at end of 1999: $288,000,000
(Hoover's Company Profile, 2000)

Top Individual Stock Holders

BELFER, ROBERT A., 1.18% (PRX 03-21-2000) Common Stock
BELFER, ROBERT A., 17.02% (PRX 03-21-2000) Preferred Convertible Stock
Office Address: Belco Petro. Corp. 67 5th Ave., 46th Fl. New York, New York 10153-0002
Age: 64
Director since 1983 Mr. Belfer's principal occupation is Chairman and Chief Executive Officer of Belco Oil & Gas Corp., a company formed in 1992. Prior to his resignation in April, 1986 from Belco Petroleum Corporation ("BPC"), a wholly owned subsidiary of Enron, Mr. Belfer served as President and then Chairman of BPC. (Proxy Statement, March 21, 2000)

RUBEN, LAWRENCE, JR., ET AL, 1.43% (PRX 03-21-2000) Common Stock
RUBEN, LAWRENCE, JR., ET AL, 22.06% (PRX 03-21-2000) Preferred Convertible Stock
Married to Selma Belfer (see above)
Office Address: 600 Madison Ave, New York, NY, 10022-1615

Chairman and CEO

Kenneth L. Lay
Age: 57
Pay: $5,200,000

US Political Connections

As of June 2000, Enron had contributed $10,265 to Sen. Slade Gorton 's Campaign (Center for Responsive Politics)

As of January 2000, Enron had contributed $99, 750 to George W. Bush's Presidential Campaign - the 11th largest contributor to Bush's campaign (Center for Responsive Politics)

Kenneth Lay contributed a total of more than $100,000 to Bush's gubernatorial campaigns of 1994 and 1998, this made Lay's Bush top 21st individual donor (Associated Press, April 7, 2000)

Kenneth Lay and his wife, Linda contributed $76,000 to the Republican National State Elections Committee since 1997 (Associated Press, April 7, 2000)

Enron's total lobbying expenditures for 1998 were $1,600,000 Of this, $200,000 was lobbying expenditures for Enron Wind Corp. (Center for Responsive Politics)

Enron hired former members of Pres. George Bush's Cabinet, Secretary of State James Baker and Commerce Secretary Robert Mosbacher in 1993 to help develop overseas projects. Mosbacher had served on the board of Enron in the 1980's (The New York Times, February 23, 1993)

New Jersey State Attorney General is accusing Enron of violating state laws that prohibit some energy providers from making donations to politicians (Megawatt Daily, March 27, 2000)

Foreign Political Involvement

In order to get approval from the British Government to purchase one of Britain's largest public water utilities, Enron funneled "Labour almost pounds 30,000 in the last two years" (The Independent (London), September 11, 1998)

Shortly after his father won the US Presidency in 1988, George W. Bush called the Argentine Minister of Public Works, Rodolfo Torragno to pressure him to accept Enron's "laughable" bid for a large pipeline project. (Mother Jones, March 1, 2000; The Nation, November 21, 1994)

There were accusations in Panama that Enron was using it's influence with Energy Minister Luis Carlos Valenzuela to force the state oil company to sign a "sweetheart deal" with Enron to export natural gas to Central American (Latin America Energy Alert, December 8, 1999; The Nation, May 22, 2000)

"Gas giant Enron Corp.'s plan to develop Mozambique's Pande natural gas field appears to have been saved from cancellation last month by a blunt threat from the U.S. National Security Council to cut off future U.S. aid to the country." (The Oil Daily, December 1, 1995) Enron beat out South Africa's state petroleum company, Sasal to build the pipeline in 1995 and recently sold the gas and oil rights to Sasal.

Enron and Native Peoples in the United States

Manager of Enron's American Indian Affairs is Roger Fragua.
Fragua was formerly the Jemez Tribe Administrator in New Mexico (Las Vegas Review-Journal, September 27, 1997)

In 1997, Confederated Tribes of Warms Springs, Oregon, expressed their wish to gain control over the three Portland General Electric Co. hydropower dams on the Tribes' land in order to restore abandoned fish ladders. Enron owned PGE and "intended to keep the license". (Engineering News-Record, August 4, 1997) In early 2000, Enron Corp.'s Portland General Electric Co. agreed to sell stakes in its hydroelectric system over four decades to the Tribes, (Houston Chronicle, February 2, 2000) At the same time, Enron is in the process of selling it's interests in PGE to Sierra Pacific Resources. (Inside F.E.R.C.'s Gas Market Report, March 17, 2000)

Activists challenging Enron's wind farm on the Columbia River Gorge "maintain that Enron has been unresponsive to tribal and environmental concerns, refusing to reply to repeated invitations to visit the site or meet with elders." (Indian Country Today (Lakota Times) April 12, 2000) In testimony to the US Congress in 1999, Enron's manager of American Indian Affairs stated, "We seek Tribal partners that are motivated in seeking "for-profit" energy projects that are culturally, environmentally and economically soundEnron has a long history of responsibly working with many American Indian Tribes...". (Federal Document Clearing House Congressional Testimony, July 1, 1999)

Kenneth L. Lay, CEO and Chairman of Enron, received the American Spirit Award from the Council of Energy Resource Tribes in 1988. The award is "given to a corporate executive who has supported CERT and its efforts to enhance higher education opportunities for American Indian students in the fields of science, engineering and business". (Coal, March 1988)

Enron and the Environment

In 1996, Enron received the Corporate Conscience Award for Environmental Stewardship sponsored by the Council on Economic Priorities. (PR Newswire, June4, 1996)

Patagonia, Inc, and outdoor clothing and equipment company committed to environmentally friendly business decisions, purchases all of it's electricity from Enron Wind. The first company in California to do so. (The Energy Report, July 13, 1998)

Enron's pipeline project with Florida Gas Transmission Co, was found in violation 109 times regarding wetlands destruction and improper land clearing and damaging waterways in 1994. It paid $575,400 in fines. (Oregonian, August 6, 1996 and Southeast Energy Power Report, December 16, 1994)

Enron and Dutch Shell's pipeline in Bolivia ruptured on January, 2000, and spilled 29,000 barrels of crude petroleum. This contaminated "hundreds of acres of organic farmland, killing fish and birds in the Andes' lake Poopo, and destroying the livelihood of a 5,000 year old native tribe, Uru Morato". Enron and it's Bolivian partner, Transredes has spent $ 10-mil so far on the oil spill, and clean-up has not yet been completed, a spokesman for Enron Corp, which owns 50% of Transredes, said late Mar 21. (Friends of the Poopo and the Uru Morato, Vermont, USA and Platt's Oilgram News, March 23, 2000)

Enron, Shell and Transredes are building a 390 mile pipeline in Bolivia that has "brought serious environmental and social problems " to local communities living along its path. They have so far experienced, "pollution of local water resources, degradation of local roads, soil and air pollution". (A World Class Disaster: The Case of the Bolivia-Cuiaba Pipeline, A Report on the Failures of Enron international to Comply with Bolivian Environmental Laws and OPIC Loan Conditions in the Construction of the Lateral Ipias-Cuiaba Gas Pipeline, December 8, 1999) Activist have been pressuring the US Overseas Private Investment Corporation to pull it's support of the Cuiaba Pipeline Project, however, Enron has stated that it will proceed with the project, whether or not it gets OPIC funding. (Financial Times (London) July 15, 1999)

International Violations

Enron's activities with their Dabhol Power project in India has been documented by Human Rights Watch as violating the human rights of locals protesting the project, the largest power plant in the world. "The Dabhol Power Corporation and it's parent company, Enron, are complicit in these human rights violations. Enron's local entity, the Dabhol power Corp. benefited directly from an official policy of suppressing dissent through misuse of the law, harassment of anti-Enron protest leaders and prominent environmental activists, and police practices ranging from arbitrary to brutal". (The Enron Corporation: Corporate Complicity in Human Rights Violations, Jan 1999, Human Rights Watch)

Enron's water division, Azurix Corp, is the city water supply company for the community of Bahia Blanca in Buenos Aires. In April, 2000, the water supply was laced with toxic bacteria that cause skin irritation and possible neurological damage. (Reuters, April 25, 2000)

The World Bank is objecting to the terms of a power purchase agreement between Enron and the state of Lagos (Nigeria) in December of 1999. The terms are too favorable to Enron: they acquired a long-term right to sell power to Lagos without competitive bidding; can charge a high price for the fuel used by its power plant; cannot be penalized for the poor performance of its plants; does not fully bear the completion risks for the plants under its control; benefits from generous arrangements for payment security; and would receive excessive contract termination payments. (EIU ViewsWire, May 25, 2000)

Enron Wind

13000 Jameson Rd.
Tehachapi, CA 93581

Telephone: 661-823-6700
Fax: 661-822-7880
wind@enron.com

In 1999, Enron Wind agreed to relocate a proposed wind farm away from endangered California Condor flight patterns after The National Audubon Society and Tejan Ranch began a public campaign targeting Enron Wind after the California Energy Commission approved development of the project (Global Power Report, November 12, 1999)

Enron's Board of Directors (Proxy, March 23, 2000)

NORMAN P. BLAKE, JR., 58 Director since 1993 Mr. Blake is the Chief Executive Officer and Secretary General of the United States Olympic Committee. Mr. Blakeserved as Chairman, President and Chief Executive Officer of the Promus Hotel Corporation from December, 1998 untilNovember, 1999 when it merged with the Hilton Hotels Corporation. From November, 1990 until May, 1998, he servedas Chairman, President and Chief Executive Officer of USF&G Corporation until its merger with the St. Paul Companies. He is also a director of Owens-Corning Corporation.

RONNIE C. CHAN, 50 Director since 1996 For over nine years, Mr. Chan has been Chairman of Hang Lung Development Limited, a publicly traded Hong Kong company involved in property development and investment as well as hotel development and management. Mr. Chan also co-founded and is a director of various companies within Morningside/Springfield Group, which invests in private industrial companies internationally and he is also a director of Standard Chartered Bank plc and Motorola, Inc.

JOHN H. DUNCAN, 72 Director since 1985 Mr. Duncan's principal occupation has been investments since 1990. Mr. Duncan is also a director of EOTT Energy Corp. (the general partner of EOTT Energy Partners, L.P.), Azurix Corp. and Group I Automotive Inc.

WENDY L. GRAMM, 55 Director since 1993 Dr. Gramm is an economist and Director of the Regulatory Studies Program of the Mercatus Center at George Mason University. From February, 1988 until January, 1993, Dr. Gramm served as Chairman of the Commodity Futures Trading Commission in Washington, D.C. Dr. Gramm is also a director of IBP, inc., State Farm Insurance Co. and Invesco Funds. Dr. Gramm was also a director of the Chicago Mercantile Exchange until December 31, 1999.

KEN L. HARRISON, 57 OTO Director since 1997 Mr. Harrison has served as Chairman of the Board and Chief Executive Officer of Portland General Electric Company since1988. He plans to retire on March 31, 2000. Additionally, Mr. Harrison served as Chairman of Enron Communications, Inc. from its inception in 1996 through November, 1999, and as a Vice Chairman of Enron from July, 1997 to July, 1999.

ROBERT K. JAEDICKE, 71 Director since 1985 Dr. Jaedicke is Professor (Emeritus) of Accounting at the Stanford University Graduate School of Business in Stanford, California. He has been on the Stanford University faculty since 1961 and served as Dean from 1983 until 1990. Dr. Jaedicke is also a director of Boise Cascade Corporation, California Water Service Company and GenCorp, Inc. Dr. Jaedicke was also a director of State Farm Insurance Co. until June, 1999.

KENNETH L. LAY, 57 Director since 1985 For over fourteen years, Mr. Lay has been Chairman of the Board and Chief Executive Officer of Enron. Mr. Lay is also a director of Eli Lilly and Company, Compaq Computer Corporation, Azurix Corp., EOTT Energy Corp. (the general partner of EOTT Energy Partners, L.P.), Questia Media, Inc. and Trust Company of the West.

CHARLES A. LEMAISTRE, 76 Director since 1985 For 18 years, Dr. LeMaistre served as President of the University of Texas M. D. Anderson Cancer Center in Houston, Texas and now holds the position of President Emeritus.

REBECCA MARK-JUSBASCHE, 45 Director since 1999 Since July, 1998, Ms. Mark-Jusbasche has served as Chairman and Chief Executive Officer of Azurix Corp., a global water company formed by Enron in 1998. From May, 1998, until July,1999, Ms. Mark-Jusbasche served as a Vice Chairman of Enron. From January, 1996, until March, 1999, Ms. Mark-Jusbasche served as Chairman of Enron International Inc. From January, 1996 until May, 1998, Ms. Mark-Jusbasche served as Chief Executive Officer of Enron International Inc. From July, 1991 until March, 1998, she served as Chairman and Chief Executive Officer of Enron Development Corp. Ms. Mark-Jusbasche is a member of the Council on Foreign Relations and The Chase Manhattan Corp. National Advisory Board.

JOHN MENDELSOHN, 63 Director since 1999 Since July, 1996, Dr. Mendelsohn has served as President of the University of Texas M.D. Anderson Cancer Center. Prior to 1996, Dr. Mendelsohn was Chairman of the Department of Medicine at Memorial Sloan-Kettering Cancer Center in New York. Dr. Mendelsohn is a director of ImClone Systems, Inc.

JEROME J. MEYER, 62 Director since 1997 For over eight years, Mr. Meyer served as Chairman and Chief Executive Officer of Tektronix, Inc., an electronics manufacturer located in Wilsonville, Oregon. Currently, Mr. Meyer serves as Chairman and as a director of Tektronix, Inc. He is also a director of Standard Insurance Corp. and Centerspan Communications, Inc.

PAULO V. FERRAZ PEREIRA, 45 Director since 1999 For over five years, Mr. Pereira has served as President and Chief Operating Officer of Meridional Financial Group and Managing Director of Group Bozano. Mr. Pereira is the former President and Chief Executive Officer of the State Bank of Rio de Janeiro.

FRANK SAVAGE, 61 Director since 1999 Since 1995, Mr. Savage has served as Chairman of Alliance Capital Management International (a division of Alliance Capital Management L.P.). Mr. Savage is also a director of Lockheed Martin Corporation, Alliance Capital Management L.P., Lyondell Chemical Corp. and Qualcomm Corp.

JEFFREY K. SKILLING, 46 Director since 1997 Since January, 1997, Mr. Skilling has served as President and Chief Operating Officer of Enron. From January, 1991until December, 1996, he served as Chairman and Chief Executive Officer of Enron North America Corp. and its predecessor companies. Mr. Skilling is also a director of Azurix Corp. and the Houston Branch of the Federal Reserve Bank of Dallas.

JOHN A. URQUHART, 71 Director since 1990 Mr. Urquhart serves as Senior Advisor to the Chairman of Enron. From 1991 to 1998, Mr. Urquhart was a Vice Chairman of Enron. Since August, 1991, Mr. Urquhart has also been President of John A. Urquhart Associates, a management consulting firm in Fairfield, Connecticut. He also serves as a director of TECO Energy, Inc., Hubbell, Inc., The Weir Group, plc and Catalytica Inc.

JOHN WAKEHAM, 67 Director since 1994 Lord Wakeham is a retired former U.K. Secretary of State for Energy and Leader of the Houses of Commons and Lords. He served as a Member of Parliament from 1974 until his retirement from the House of Commons in April, 1992. Prior to his government service, Lord Wakeham managed a large private practice as a chartered accountant. He is currently Chairman of the Press Complaints Commission in the U.K. and chairman or director of a number of publicly traded U.K. companies. Lord Wakeham is also a director of Azurix Corp.

HERBERT S. WINOKUR, JR., 56 Director since 1985 Mr. Winokur is Chairman and Chief Executive Officer of Capricorn Holdings, Inc. (a private investment company) and Managing General Partner of Capricorn Investors, L.P., Capricorn Investors II, L.P. and Capricorn Investors III, L.P., partnerships concentrating on investments in restructure situations, organized by Mr. Winokur in 1987, 1994, and 1999, respectively. Prior to his current appointment, Mr. Winokur was Senior Executive Vice President and a director of Penn Central Corporation. Mr. Winokur is also a director of Azurix Corp., The WMF Group, Ltd., Mrs. Fields' Holding Company, Inc., CCC Information Services Group, Inc. and DynCorp.

Top Ten Institutional Stock Holders as of June 15, 2000 (Vicker's Stock Research)
INST CODEINSTITUTION NAMEINCORPSHARESVALUE($000)PORTFOLIO VALUE($000)%PORT
MMJANUS CAPITALUS67,127,3104,891,903226,957,1002.15
MFJANUS FUND US26,118,3101,903,37229,979,300 6.34
BABARCLAYS BK PLCFN20,533,0761,496,348448,821,000.33
MMFMR CORPUS17,520,8641,276,833626,451,900.20
MMCITIGROUP INC.US16,623,6201,211,446191,045,900.63
MMAMER CENT INVTUS13,686,800997,426 89,791,300 1.11
MMMSDW & COUS13,281,745967,907192,401,600.50
MMTAUNUS CORPUS12,938,627942,902203,497,200.46
MMSTATE STR CORPUS12,804,149933,102322,063,600.28
MMPUTNAM INV MGT.US11,347,292826,934275,420,100.30

Source:
ImpactResearch: A Program of the DataCenter
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