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Enron Mail |
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Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Stacey Bolton <Stacey Bolton/ENRON@enronXgate@ENRON< X-To: Mark Palmer <Mark Palmer/ENRON@enronXgate<, Michael Terraso <Michael Terraso/ENRON@enronXgate<, Elliot Mainzer <Elliot Mainzer/ENRON@enronXgate<, Richard Ring <Richard Ring/HOU/EES@EES<, Jesse Bryson <Jesse Bryson/ENRON@enronXgate<, Jeffrey Keeler <Jeffrey Keeler/ENRON@enronXgate<, Mary Schoen <Mary Schoen/ENRON@enronXgate<, Lisa Jacobson <Lisa Jacobson/ENRON@enronXgate<, Pat Shortridge <Pat Shortridge/ENRON@enronXgate<, Mike Curry <Mike Curry/ENRON@enronXgate<, Doug Gilbert-Smith <Doug Gilbert-Smith/ENRON@enronXgate<, Rogers Herndon <Rogers Herndon/ENRON@enronXgate<, Dan Badger <Dan Badger/Enron@EUEnronXGate< X-cc: X-bcc: X-Folder: \RRING (Non-Privileged)\EESIRenewableEnergy X-Origin: Ring-R X-FileName: RRING (Non-Privileged)1.pst fyi Business; Financial Desk Enron's Wind Unit Reported in Talks Energy: Turbine division may fetch $723 million. More bidders could come forward. 08/20/2001 Los Angeles Times Home Edition Page C-2 Copyright 2001 / The Times Mirror Company HOUSTON -- Enron Corp., the world's biggest energy trader, is in talks to sell its wind turbine unit for more than $723 million, the Sunday Business newspaper in London reported, without citing sources. The negotiations may falter, inviting other bids, the newspaper said. Enron spokesman Mark Palmer wouldn't comment on the report. Enron has said manufacturing might not be part of its future strategy, Palmer said. Enron Wind makes and operates wind-power turbines. Houston-based Enron bought the business, based in Tehachapi, Calif., in January 1997. "There is a tremendous potential for a wind or renewable energy market to develop," Palmer said. "We don't know that we need to be in the manufacturing business to participate in that." Credit Suisse First Boston is handling the sale, Sunday Business said. Private equity firms that may bid include Doughty Hanson & Co. and Candover Investments, both of Britain; Westdeutsche Landesbank Girozentrale of Germany; and Nomura Securities Co. of Japan, the paper said. Possible industry buyers include Vestas Wind Systems and NEG Micon, both of Denmark; Gamesa of Spain; and Nordex and Enercon, both of Germany, the paper said. Last week, Enron Chief Executive and President Jeffrey K. Skilling abruptly resigned. Chairman Kenneth L. Lay has taken over his duties. Stacey Bolton Environmental Strategies Enron Corp 713-853-9916 direct 713-303-2632 cell sbolton@enron.com <mailto:sbolton@enron.com< -----Original Message----- From: djcustomclips@djinteractive.com@ENRON [mailto:IMCEANOTES-djcustomclips+40djinteractive+2Ecom+40ENRON@ENRON.com] Sent: Monday, August 20, 2001 5:51 AM To: 130039@mailman.enron.com Subject: RPS: Enron's Wind Unit Reported in Talks Energy: Turbine division may fetch $723 million ... Enron's Wind Unit Reported in Talks Energy: Turbine division may fetch $723 million. More bidders ... HOUSTON -- Enron Corp., the world's biggest energy trader, is in talks to sell its wind turbine unit for more than $723 million, the Sunday Business newspaper in London reported, without citing sources. The negotiations may falter, inviting other ... Published by: Los Angeles Times Date: 08/20/2001 Word Count: 206 Relevance Score on Scale of 100: 85 Folder Name: RPS Full-text article available at http://nrstg1p.djnr.com/cgi-bin/NewsRetrieval?cgi=WEB_ST_WC_STORY&DBNAME=LAT&HDAN=LATM0123200821&Search=RPS&QID=130039&QT=R&HDSC=LATM Articles are included at no charge for flat-fee corporate customers. (Under standard pricing, charges apply. For details, click the $ icon on the Dow Jones Interactive home page, located at http://www.djinteractive.com.) ______________________________________________________________________ To review or revise your folder, visit http://www.djinteractive.com or contact Dow Jones Customer Service by e-mail at custom.news@bis.dowjones.com or by phone at 800-369-7466. (Outside the U.S. and Canada, call 609-452-1511 or contact your local sales representative.) ______________________________________________________________________ Copyright © 2001 Dow Jones & Company, Inc. All Rights Reserved
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