<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C.
FORM U-3A-2\A
Statement by Holding Company Claiming Exemption Under Rule U-3A-2 from the
Provisions of the Public Utility Holding Company Act of 1935
To Be Filed Annually Prior to March 1
ENRON CORP.
(an Oregon corporation)
hereby files with the Securities and Exchange Commission, pursuant to Rule 2,
its statement claiming exemption as a holding company from the provisions of
the Public Utility Holding Company Act of 1935, and submits the following
information. This Form amends and restates in its entirety the Form U-3A-2
filed by Enron Corp. with the Securities and Exchange Commission on February
26, 1999, and is effective for the reporting period ended December 31, 1998.
1. Name, State of organization, location and nature of business of
claimant and every subsidiary thereof, other than any exempt wholesale
generator (EWG) or foreign utility company in which claimant directly or
indirectly holds an interest.
SEE APPENDIX I.
2. A brief description of the properties of claimant and each of its
subsidiary public utility companies used for the generation, transmission, and
distribution of electric energy for sale, or for the production, transmission,
and distribution of natural or manufactured gas, indicating the location of
principal generating plants, transmission lines, producing fields, gas
manufacturing plants, and electric and gas distribution facilities, including
all such properties which are outside the State in which claimant and its
subsidiaries are organized and all transmission or pipelines which deliver or
receive electric energy or gas at the borders of such State.
SEE APPENDIX II.
3. The following information of the last calendar year with respect
to claimant and each of its subsidiary public utility companies:
(a) Number of kWh of electric energy sold (at retail or wholesale),
and Mcf of natural or manufactured gas distributed at retail:
Electric Energy:
Retail: 17,443,473,000 kWh
Wholesale: 10,869,157,000 kWh
Natural or Manufactured Gas: None
<PAGE> 2
(b) Number of kWh of electric energy and Mcf of natural or
manufactured gas distributed at retail outside the State in which each such
company is organized:
None
(c) Number of kWh of electric energy and Mcf of natural or
manufactured gas distributed at wholesale outside the State in which each such
company is organized, or at the State line:
9,245,440,000 kWh - Delivery of electric energy is
primarily at the Malin substation in Southern Oregon with
ultimate use in California.
8,225,614 Mcf of natural gas with ultimate use in
California.
(d) Number of kWh of electric energy and Mcf of natural or
manufactured gas purchased outside the State in which each such company is
organized or at the State line:
Portland General Electric Company ("PGE") purchased
electric energy from certain nonassociated utilities,
municipalities, wholesale marketers, and public
authorities, such as Bonneville Power Administration
("BPA") and public utility districts, which are either
located in or have generation facilities located outside
the State of Oregon:
14,524,929,000 kWh - Delivery of electric energy is
through BPA transmission lines to PGE interconnections in
Oregon.
44,009,693 Mcf - Natural gas purchases outside the State
of Oregon.
Note: Reference is made to that certain letter, dated January
19, 1999, from Mr. Robert P. Wason, Chief Financial
Analyst of the Securities and Exchange Commission, to
"All Past-Year Filers" of Form U-3a-2 requesting, with
respect to the information supplied under this Item 3,
the identity of "the state in which the sales or
purchases are made and the amount of their associated
revenues or expenses." Except as provided above in
response to this Item 3, PGE does not currently track the
additional requested information with respect to
wholesale transactions and it is not possible for PGE to
identify specific states involved in the sale or purchase
of wholesale energy or gas. Wholesale energy and gas
sales typically pass through several states on their way
to the ultimate retailer and PGE has no method to track
the state of the purchase or sale of wholesale
transactions.
4. The following information for the reporting period with respect
to claimant and each interest it holds directly or indirectly in an EWG or a
foreign utility company, stating monetary amounts in United States dollars:
(a) Name, location, business address and description of the
facilities used by the EWG or foreign utility company for the generation,
transmission and distribution of electric energy for sale or for the
distribution at retail of natural or manufactured gas.
2
<PAGE> 3
EXEMPT WHOLESALE GENERATORS
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------------------------------------------
% ENRON
SUBSIDIARY INCORPORATION/ CITY STATE PURPOSE OWNERSHIP
FORMATION
<S> <C> <C> <C> <C> <C>
- ---------------------------------------------------------------------------------------------------------------------------------
Cabazon Power Partners LLC Delaware Tehachapi California To own and operate a 40MW 78.33
wind turbine generation See
facility under development Exhibit C,
near Palm Springs, Page 1
California and to sell the
power generated there at
wholesale.
- ---------------------------------------------------------------------------------------------------------------------------------
Enron Europe Operations Limited England London England To hold Enron Power Corp.'s 100.00
equity positions in the
various joint venture
projects being developed in
the United Kingdom.
- ---------------------------------------------------------------------------------------------------------------------------------
Enron Wind Systems, Inc. California Tehacahapi California To own and operate wind 78.33
turbine generation
facilities and to sell the
power generated there at
wholesale.
- ---------------------------------------------------------------------------------------------------------------------------------
Hainan Meinan Power Company CJV China Haikou, China To develop, build, own, 100.00
Hainan operate, maintain, manage,
Province and administer the power
plant, arrange financing for
the power plant, and produce
and sell electricity.
- ---------------------------------------------------------------------------------------------------------------------------------
Lake Benton Power Partners L.L.C. Delaware Tehachapi California To own and operate a 0.7833
107.25MW wind turbine
generation facility under
development near Lake
Benton, Minnesota and to
sell the power generated
there at wholesale.
- ---------------------------------------------------------------------------------------------------------------------------------
Lake Benton Power Partners II L.L.C. Delaware Tehachapi California To own and operate a 103.5MW 78.33
wind turbine generation
facility under development
near Lake Benton, Minnesota
and to sell the power
generated there at wholesale.
- ---------------------------------------------------------------------------------------------------------------------------------
Storm Lake Power Partners I LLC California Tehachapi California To own and operate a 112MW 78.33
wind turbine generation
facility under development
near Alta, Iowa, and to sell
the power generated there at
wholesale.
- ---------------------------------------------------------------------------------------------------------------------------------
Storm Lake Power Partners II LLC Delaware Tehachapi California To own and operate a 80.25MW 78.33
wind turbine generation
facility under development
near Alta, Iowa, and to sell
the power generated there at
wholesale.
- ---------------------------------------------------------------------------------------------------------------------------------
Trakya Elektrik Uretim ve Ticaret A.S. Turkey Kavaklidere/ Turkey To build and operate power 50.00
Ankara stations; to generate
wholesale electrical energy.
- ---------------------------------------------------------------------------------------------------------------------------------
Zond-PanAero Windsystem Partners I California Tehacahapi California To own and operate a 19.5MW 0.39165
wind turbine generation
facility located near Palm
Springs, California, and to
sell the power generated
there at wholesale.
- ---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
3
<PAGE> 4
EXEMPT WHOLESALE GENERATORS (CONTINUED)
<TABLE>
<S> <C> <C> <C> <C> <C>
- ---------------------------------------------------------------------------------------------------------------------------------
Zond-PanAero Windsystem Partners II California Tehacahapi California To own and operate a 10.4MW 0.39165
wind turbine generation
facility located near Palm
Springs, California, and to
sell the power generated
there at wholesale.
- ---------------------------------------------------------------------------------------------------------------------------------
Zond Windsystems Partners, Ltd., California Tehacahapi California To own and operate a 14.2MW 0.7833
Series 85-A wind turbine generation facility
located near Tehachapi,
California and to sell the
power generated there at
wholesale.
- ---------------------------------------------------------------------------------------------------------------------------------
Zond Windsystems Partners, Ltd., California Tehacahapi California To own and operate a 21.4MW 0.7833
Series 85-B wind turbine generation
facility located near
Tehachapi, California
and to sell the power
generated there at
wholesale.
- ---------------------------------------------------------------------------------------------------------------------------------
Zond Windsystems Partners, Ltd., California Tehacahapi California To own and operate an 18MW 0.7833
Series 85-C wind turbine generation
facility located in
Alameda County, California
and to sell the power
generated there at
wholesale.
- ---------------------------------------------------------------------------------------------------------------------------------
ZWHC L.L.C. Delaware Tehacahapi California To own and operate a 20MW 39.165
wind turbine generation
facility located near
Tehachapi, California and to
sell the power generated
there at wholesale.
- ---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
FOREIGN UTILITY COMPANIES
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------------------------------------------
%ENRON
SUBSIDIARY INCORPORATION/ CITY STATE PURPOSE OWNERSHIP
FORMATION
<S> <C> <C> <C> <C> <C>
- ---------------------------------------------------------------------------------------------------------------------------------
Batangas Power Corp. Philippines Batangas Philippines To own and operate a power plant 100.00
facility in Batangas, Republic
of the Philippines.
- ---------------------------------------------------------------------------------------------------------------------------------
Companhia de Gas de Bahia S.A. Brazil Bahia Brazil Gas distribution company in the 41.50
state of Bahia.
- ---------------------------------------------------------------------------------------------------------------------------------
Companhia de Gas de Santa Catarina Brazil Santa Brazil Gas distribution company in the 41.00
S.A. Catarina state of Santa Catarina.
- ---------------------------------------------------------------------------------------------------------------------------------
Companhia Estadual de Gas do Rio de Brazil Rio de Rio de To build, own and operate a 25.3833
Janeiro Janeiro Janeiro pipeline network in the State of
Rio de Janeiro, Brazil.
- ---------------------------------------------------------------------------------------------------------------------------------
Companhia Paraibana de Gas S.A. Brazil Paraiba Brazil Gas distribution company in the 41.50
state of Paraiba.
- ---------------------------------------------------------------------------------------------------------------------------------
Companhia Paranaense de Gas S.A. Brazil Parana Brazil Gas distribution company in the 24.50
state of Parana.
- ---------------------------------------------------------------------------------------------------------------------------------
Companhia Pernambucana de Gas S.A. Brazil Pernambuco Brazil Gas distribution company in the 41.50
state of Pernambuco.
- ---------------------------------------------------------------------------------------------------------------------------------
Dabhol Power Company India Dabhol India To develop, construct, own and 50.00
operate a power station and LNG
regasification facility and
associated port facilities.
- ---------------------------------------------------------------------------------------------------------------------------------
EcoElectrica, L.P. Bermuda Hato Rey Puerto Rico To design, construct and own a 50.00
power generating facility in
Puerto Rico.
- ---------------------------------------------------------------------------------------------------------------------------------
ECT Colombia Pipeline Holdings 2 Cayman Islands Grand Cayman To be utilized in connection 100.00
Ltd. Cayman Islands with the bid to purchase shares
in PROMIGAS S.A., ESP.
- ---------------------------------------------------------------------------------------------------------------------------------
Electricidad Enron de Guatemala, Guatemala Guatemala Guatemala Development and construction of 100.00
S.A. City a power facility in Guatemala.
- ---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
4
<PAGE> 5
FOREIGN UTILITY COMPANIES (CONTINUED)
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------------------------------------------
%ENRON
SUBSIDIARY INCORPORATION/ CITY STATE PURPOSE OWNERSHIP
FORMATION
<S> <C> <C> <C> <C> <C>
- ---------------------------------------------------------------------------------------------------------------------------------
Elektro - Eletricidade e Servicos Brazil Sao Paulo Brazil Owns and operates a transmission 89.99
S/A system for the distribution of
electricity throughout Sao Paulo
and Mato Grosso do Su.
- ---------------------------------------------------------------------------------------------------------------------------------
Empresa Sergipana de Gas S.A. Brazil Sergipe Brazil Gas distribution company in the 41.50
state of Sergipe.
- ---------------------------------------------------------------------------------------------------------------------------------
Enron Capital & Trade Resources England London England To hold Enron Power Corp.'s 100.00
Limited equity positions in the various
joint venture projects being
developed in the United Kingdom.
- ---------------------------------------------------------------------------------------------------------------------------------
Enron Development Piti L.L.C. Delaware Tamuning Guam To own and operate a power plant 50.00
facility in Piti, Guam.
- ---------------------------------------------------------------------------------------------------------------------------------
Enron Equity Corp. Delaware Houston Texas To provide a deconsolidated 100.00
entity for tax purposes into
which earnings of Transportadora
de Gas del Sur, S.A., Batangas
Power Corp., and Subic Power
Corp. will flow.
- ---------------------------------------------------------------------------------------------------------------------------------
Enron Power Operations Teesside England London England Operations and Management 50.00
- ---------------------------------------------------------------------------------------------------------------------------------
Enron Power Philippines Corp. Philippines Metro Philippines Holding company for interests 100.00
Manila in power plant facilities in
the Republic of the Philippines.
- ---------------------------------------------------------------------------------------------------------------------------------
Enron Power Philippine Operating Delaware Houston Texas Operation of Philippine based 100.00
Corp. power generating facility at
Batangas.
- ---------------------------------------------------------------------------------------------------------------------------------
Enron Subic Power Corp. Philippines Manila Philippines Lease and operate electric/power 100.00
generating facilities.
- ---------------------------------------------------------------------------------------------------------------------------------
Enron Teesside Operations Limited England and London England Operator of Teesside Utilities 100.00
Wales
- ---------------------------------------------------------------------------------------------------------------------------------
Gas de Alagoas S.A. Brazil Alagoas Brazil Gas distribution company in the 41.50
state of Alagoas.
- ---------------------------------------------------------------------------------------------------------------------------------
Gas de Risaralda S.A. Colombia Barranquilla Colombia Gas distribution company serving 17.07
various locations in Colombia.
- ---------------------------------------------------------------------------------------------------------------------------------
Gases del Caribe S.A., E.S.P. Colombia Barranquilla Colombia Gas distribution company serving 30.99
Atlantico, Magdalena and Cesar,
Colombia.
- ---------------------------------------------------------------------------------------------------------------------------------
Gases de la Guajira S.A., E.S.P. Colombia Barranquilla Colombia Gas distribution company serving 6.21
Guajira, Colombia.
- ---------------------------------------------------------------------------------------------------------------------------------
Gases del Occidente S.A., E.S.P. Colombia Barranquilla Colombia Gas distribution company serving 15.00
Caldas, Risaralda, Quindio and
Valle del Cauca, Colombia.
- ---------------------------------------------------------------------------------------------------------------------------------
Gasnacol S.A. Colombia Barranquilla Colombia Gas distribution company serving 14.00
various locations in Colombia.
- ---------------------------------------------------------------------------------------------------------------------------------
Offshore Power Operations C.V. Netherlands Rotterdam Netherlands To operate a power station, a 100.00
liquid natural gas
regasification facility and
certain marine works being
constructed near Dabhol,
Maharashtra, India.
- ---------------------------------------------------------------------------------------------------------------------------------
Promigas S.A., E.S.P. Colombia Barranquilla Colombia Engaged in business of natural 39.54
gas transportation, operation of
natural gas pipelines for third
parties, pipeline services and
utilization of compressed
natural gas.
- ---------------------------------------------------------------------------------------------------------------------------------
Puerto Quetzal Power Corp. Delaware Puerto Guatemala Owns power station on the West 50.00
Quetzal Coast of Guatemala.
- ---------------------------------------------------------------------------------------------------------------------------------
Riogas S.A. Brazil Rio de Rio de To build, own and operate a gas 29.335
Janeiro Janeiro pipeline network in the State of
Rio de Janeiro, Brazil.
- ---------------------------------------------------------------------------------------------------------------------------------
San Juan Gas Company, Inc. Puerto Rico Mirimar Puerto Rico Distribution and sale of gas via 100.00
Santurce underground pipeline system in
San Juan, Puerto Rico.
- ---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
5
<PAGE> 6
FOREIGN UTILITY COMPANIES (CONTINUED)
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------------------------------------------
%ENRON
SUBSIDIARY INCORPORATION/ CITY STATE PURPOSE OWNERSHIP
FORMATION
<S> <C> <C> <C> <C> <C>
- ---------------------------------------------------------------------------------------------------------------------------------
Sarlux S.R.L. Italy N/A Italy To participate in the Sarlux 45.00
IGCC Power Project.
- ---------------------------------------------------------------------------------------------------------------------------------
Smith/Enron Cogeneration Limited Turks & Caicos Grand Turks & To construct, acquire and own, 85.00
Partnership Isles Turk Caicos, manage and operate the project
Island, (a 185 MW barge -mounted power
B.W.I. generation facility.)
- ---------------------------------------------------------------------------------------------------------------------------------
Smith/Enron O&M Limited Partnership Turks & Caicos Grand Turks & To operate and maintain the 50.00
Isles Turk Caicos, approx. 185 MW power plant to
Island, be constructed near Puerto
B.W.I. Plata, Dom. Rep.
- ---------------------------------------------------------------------------------------------------------------------------------
Subic Power Corp. Philippines Olangapo Philippines To design, construct, own and 50.00
operate power generating
facilities in the Republic of
the Philippines.
- ---------------------------------------------------------------------------------------------------------------------------------
Surtigas S.A., E.S.P. Colombia Barranquilla Colombia Gas distribution company serving 80.07
Bolivar, Cordova and Sucre,
Colombia.
- ---------------------------------------------------------------------------------------------------------------------------------
Sutton Bridge Power England London England Development of a gas-fired power 25.00
plant located at Sutton Bridge
in Lincolnshire, England.
- ---------------------------------------------------------------------------------------------------------------------------------
Teesside Gas Processing Limited England London England Responsible for the gas liquids 100.00
and gas processing plant being
built in conjunction w/Teesside
Cogen plant.
- ---------------------------------------------------------------------------------------------------------------------------------
Teesside Gas Transportation Limited England London England Responsible for gas supply going 100.00
to the Teesside Cogen plant.
- ---------------------------------------------------------------------------------------------------------------------------------
Teesside Power Holdings Limited England London England Main Activity: Holding Company 85.00
- ---------------------------------------------------------------------------------------------------------------------------------
Teesside Power Limited England London England Owns the power station at 42.50
Teesside, England.
- ---------------------------------------------------------------------------------------------------------------------------------
Tolgas, S.A. Colombia Barranquilla Colombia Gas distribution company serving 18.69
various locations in Colombia.
- ---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
(b) Name of each system company that holds an interest in such EWG
or foreign utility company; and description of the interest held.
SEE EXHIBIT C AND APPENDIX I FOR A DESCRIPTION OF THE INTEREST HELD.
(c) Type and amount of capital invested, directly or indirectly, by
the holding company claiming exemption; any direct or indirect guarantee of the
security of the EWG or foreign utility company by the holding company claiming
exemption; and any debt or other financial obligation for which there is
recourse, directly or indirectly, to the holding company claiming exemption or
another system company, other than the EWG or foreign utility company.
6
<PAGE> 7
(For calendar year ended December 31, 1998)
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------------------------------------
GUARANTEES/
SUBSIDIARY CAPITAL INVESTED RECOURSE DEBT NOTES
<S> <C> <C> <C>
- -------------------------------------------------------------------------------------------------------------------------
EXEMPT WHOLESALE GENERATORS
- -------------------------------------------------------------------------------------------------------------------------
Cabazon Power Partners LLC Equity
1,000
- -------------------------------------------------------------------------------------------------------------------------
Enron Europe Operations Limited Equity
--
- -------------------------------------------------------------------------------------------------------------------------
Enron Wind Systems, Inc. Equity
5,075,000
- -------------------------------------------------------------------------------------------------------------------------
Hainan Meinan Power Company CJV Equity/Debt
144,632,000
- -------------------------------------------------------------------------------------------------------------------------
Lake Benton Power Partners L.L.C. Equity
54,087,000
- -------------------------------------------------------------------------------------------------------------------------
Lake Benton Power Partners II LLC Equity 81,855,000
1,000
- -------------------------------------------------------------------------------------------------------------------------
Storm Lake Power Partners I LLC Equity
1,000
- -------------------------------------------------------------------------------------------------------------------------
Storm Lake Power Partners II LLC Equity
1,000
- -------------------------------------------------------------------------------------------------------------------------
Trakya Elektrik Uretim ve Ticaret A.S. Equity
37,733,000
- -------------------------------------------------------------------------------------------------------------------------
Zond-PanAero Windsystem Partners I Equity
275,000
- -------------------------------------------------------------------------------------------------------------------------
Zond-PanAero Windsystem Partners II Equity
149,000
- -------------------------------------------------------------------------------------------------------------------------
Zond Windsystems Partners, Ltd., Series 85-A Equity
382,000
- -------------------------------------------------------------------------------------------------------------------------
Zond Windsystems Partners, Ltd., Series 85-B Equity
552,000
- -------------------------------------------------------------------------------------------------------------------------
Zond Windsystems Partners, Ltd., Series 85-C Equity
431,000
- -------------------------------------------------------------------------------------------------------------------------
ZWHC L.L.C. Equity
1,624,000
- -------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------------------------------------
GUARANTEES/
SUBSIDIARY CAPITAL INVESTED RECOURSE DEBT NOTES
<S> <C> <C> <C>
- -------------------------------------------------------------------------------------------------------------------------
FOREIGN UTILITY COMPANIES
- -------------------------------------------------------------------------------------------------------------------------
Batangas Power Corp. Equity
37,717,000
- -------------------------------------------------------------------------------------------------------------------------
Companhia de Gas de Bahia S.A. Equity
32,000,000
- -------------------------------------------------------------------------------------------------------------------------
Companhia de Gas de Santa Catarina S.A. --
- -------------------------------------------------------------------------------------------------------------------------
Companhia Estadual de Gas do Rio de Janeiro Equity
194,000,000
- -------------------------------------------------------------------------------------------------------------------------
Companhia Paraibana de Gas S.A. Equity
11,000,000
- -------------------------------------------------------------------------------------------------------------------------
Companhia Paranaense de Gas S.A. Equity
32,000,000
- -------------------------------------------------------------------------------------------------------------------------
Companhia Pernambucana de Gas S.A. Equity
43,000,000
- -------------------------------------------------------------------------------------------------------------------------
Dabhol Power Company Equity
200,538,000
- -------------------------------------------------------------------------------------------------------------------------
EcoElectrica, L.P. Equity
12,064,000
- -------------------------------------------------------------------------------------------------------------------------
ECT Colombia Pipeline Holdings 2 Ltd. Equity (d)
88,589,000
- -------------------------------------------------------------------------------------------------------------------------
Electricidad Enron de Guatemala, S.A. Equity/Debt
1,802,000
- -------------------------------------------------------------------------------------------------------------------------
Elektro - Eletricidade e Servicos S/A Equity
324,498,000
- -------------------------------------------------------------------------------------------------------------------------
Empresa Sergipana de Gas S.A. Equity
11,000,000
- -------------------------------------------------------------------------------------------------------------------------
</TABLE>
7
<PAGE> 8
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------------------------------------
GUARANTEES/
SUBSIDIARY CAPITAL INVESTED RECOURSE DEBT NOTES
<S> <C> <C> <C>
- -------------------------------------------------------------------------------------------------------------------------
FOREIGN UTILITY COMPANIES (CONTINUED)
- -------------------------------------------------------------------------------------------------------------------------
Enron Capital & Trade Resources Limited --
- -------------------------------------------------------------------------------------------------------------------------
Enron Development Piti L.L.C. Equity
110,337,000
- -------------------------------------------------------------------------------------------------------------------------
Enron Equity Corp. Equity
121,607,000
- -------------------------------------------------------------------------------------------------------------------------
Enron Power Operations Teesside --
- -------------------------------------------------------------------------------------------------------------------------
Enron Power Philippines Corp. Equity/Equity
49,359,000
- -------------------------------------------------------------------------------------------------------------------------
Enron Power Philippine Operating Corp. Equity
1,000
- -------------------------------------------------------------------------------------------------------------------------
Enron Subic Power Corp. Equity
500,000
- -------------------------------------------------------------------------------------------------------------------------
Enron Teesside Operations Limited Equity
34,465,000
- -------------------------------------------------------------------------------------------------------------------------
Gas de Alagoas S.A. Equity
21,000,000
- -------------------------------------------------------------------------------------------------------------------------
Gas de Risaralda S.A. Equity
3,907,000
- -------------------------------------------------------------------------------------------------------------------------
Gases del Caribe S.A., E.S.P. Equity
42,286,000
- -------------------------------------------------------------------------------------------------------------------------
Gases de la Guajira S.A., E.S.P. Equity
4,118,000
- -------------------------------------------------------------------------------------------------------------------------
Gases del Occidente S.A., E.S.P. Equity
3,504,000
- -------------------------------------------------------------------------------------------------------------------------
Gasnacol S.A. Equity
1,716,000
- -------------------------------------------------------------------------------------------------------------------------
Offshore Power Operations C.V. Equity/Debt
45,000
- -------------------------------------------------------------------------------------------------------------------------
Promigas S.A., E.S.P. Equity
271,908,000
- -------------------------------------------------------------------------------------------------------------------------
Puerto Quetzal Power Corp. Equity 2,750,000 (b)
16,500,000
- -------------------------------------------------------------------------------------------------------------------------
Riogas S.A. Equity
101,782,000
- -------------------------------------------------------------------------------------------------------------------------
San Juan Gas Company, Inc. Equity/Debt 2,308,000
35,530,000
- -------------------------------------------------------------------------------------------------------------------------
Sarlux S.R.L. Equity
41,404,000
- -------------------------------------------------------------------------------------------------------------------------
Smith/Enron Cogeneration Limited Partnership Equity 68,833,000 (a)
48,536,000
- -------------------------------------------------------------------------------------------------------------------------
Smith/Enron O&M Limited Partnership --
- -------------------------------------------------------------------------------------------------------------------------
Subic Power Corp. Equity 4,046,000
13,144,000
- -------------------------------------------------------------------------------------------------------------------------
Surtigas S.A., E.S.P. Equity
26,812,000
- -------------------------------------------------------------------------------------------------------------------------
Sutton Bridge Power Equity 54,200,000
75,936,000
- -------------------------------------------------------------------------------------------------------------------------
Teesside Gas Processing Limited --
- -------------------------------------------------------------------------------------------------------------------------
Teesside Gas Transportation Limited Equity
13,121,000
- -------------------------------------------------------------------------------------------------------------------------
Teesside Power Holdings Limited -- (c)
- -------------------------------------------------------------------------------------------------------------------------
Teesside Power Limited -- 162,261,000 (b)
66,503,000 (a)
- -------------------------------------------------------------------------------------------------------------------------
Tolgas, S.A. Equity (d)
840,000
- -------------------------------------------------------------------------------------------------------------------------
</TABLE>
(a) Guarantees issued to support trade obligations and debt
(b) Guarantees issued to support letters of credit
(c) Holding company - holds investment in Teesside Power Ltd.
(d) Holding company - holds investment in Promigas S.A. E.S.P.
8
<PAGE> 9
(d) Capitalization and earnings of the EWG or foreign utility
company during the reporting period.
(For calendar year ended December 31, 1998)
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------
SUBSIDIARY CAPITALIZATION NET EARNINGS NOTES
<S> <C> <C> <C>
- --------------------------------------------------------------------------------------------------------
EXEMPT WHOLESALE GENERATORS
- --------------------------------------------------------------------------------------------------------
Cabazon Power Partners LLC 48,211,000 --
- --------------------------------------------------------------------------------------------------------
Enron Europe Operations Limited 50,000 49,000
- --------------------------------------------------------------------------------------------------------
Enron Wind Systems, Inc. 35,540,000 2,623,000
- --------------------------------------------------------------------------------------------------------
Hainan Meinan Power Company CJV 105,792,000 (3,461,000)
- --------------------------------------------------------------------------------------------------------
Lake Benton Power Partners L.L.C. 53,122,000 (879,000)
- --------------------------------------------------------------------------------------------------------
Lake Benton Power Partners II L.L.C. 43,573,000 --
- --------------------------------------------------------------------------------------------------------
Storm Lake Power Partners I LLC 412,000 --
- --------------------------------------------------------------------------------------------------------
Storm Lake Power Partners II LLC 17,494,000 --
- --------------------------------------------------------------------------------------------------------
Trakya Elektrik Uretim ve Ticaret A.S. 444,482,000 (1,923,000)
- --------------------------------------------------------------------------------------------------------
Zond-PanAero Windsystem Partners I 6,614,000 2,303,000
- --------------------------------------------------------------------------------------------------------
Zond-PanAero Windsystem Partners II 3,595,000 1,382,000
- --------------------------------------------------------------------------------------------------------
Zond Windsystems Partners Ltd., Series 85-A 3,440,000 96,000
- --------------------------------------------------------------------------------------------------------
Zond Windsystems Partners Ltd., Series 85-B 5,652,000 549,000
- --------------------------------------------------------------------------------------------------------
Zond Windsystems Partners Ltd., Series 85-C 4,368,000 (244,000)
- --------------------------------------------------------------------------------------------------------
ZWHC L.L.C. 4,148,000 172,000
- --------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------
FOREIGN UTILITY COMPANIES
- --------------------------------------------------------------------------------------------------------
Batangas Power Corp. 84,569,000 14,442,000
- --------------------------------------------------------------------------------------------------------
Companhia de Gas de Bahia S.A. 8,125,000 4,979,000 (a)
- --------------------------------------------------------------------------------------------------------
Companhia de Gas de Santa Catarina S.A. -- (902,000) (a)
- --------------------------------------------------------------------------------------------------------
Companhia Estadual de Gas do Rio de Janeiro 105,158,000 19,051,000 (a)
- --------------------------------------------------------------------------------------------------------
Companhia Paraibana de Gas S.A. 1,479,000 609,000 (a)
- --------------------------------------------------------------------------------------------------------
Companhia Paranaense de Gas S.A. 13,316,000 (322,000) (a)
- --------------------------------------------------------------------------------------------------------
Companhia Pernambucana de Gas S.A. 9,606,000 2,488,000 (a)
- --------------------------------------------------------------------------------------------------------
Dabhol Power Company 1,025,848,000 --
- --------------------------------------------------------------------------------------------------------
EcoElectrica, L.P. 374,794,000 --
- --------------------------------------------------------------------------------------------------------
ECT Colombia Pipeline Holdings 2 Ltd. 117,608,000 (367,000)
- --------------------------------------------------------------------------------------------------------
Electricidad Enron de Guatemala, S.A. 1,916,000 (58,000)
- --------------------------------------------------------------------------------------------------------
Elektro - Eletricidade e Servicos S/A 994,932,000 30,661,000
- --------------------------------------------------------------------------------------------------------
Empresa Sergipana de Gas S.A. 2,988,000 370,000 (a)
- --------------------------------------------------------------------------------------------------------
Enron Capital & Trade Resources Limited 144,647,000 15,757,000
- --------------------------------------------------------------------------------------------------------
Enron Development Piti L.L.C. 110,841,000 --
- --------------------------------------------------------------------------------------------------------
Enron Equity Corp. 248,149,000 16,210,000
- --------------------------------------------------------------------------------------------------------
Enron Power Operations Teesside 55,951,000 6,109,000
- --------------------------------------------------------------------------------------------------------
</TABLE>
9
<PAGE> 10
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------
SUBSIDIARY CAPITALIZATION NET EARNINGS NOTES
<S> <C> <C> <C>
- --------------------------------------------------------------------------------------------------------
FOREIGN UTILITY COMPANIES (CONTINUED)
- --------------------------------------------------------------------------------------------------------
Enron Power Philippines Corp. 114,210,000 15,741,000
- --------------------------------------------------------------------------------------------------------
Enron Power Philippine Operating Corp. 1,000 --
- --------------------------------------------------------------------------------------------------------
Enron Subic Power Corp 811,000 356,000
- --------------------------------------------------------------------------------------------------------
Enron Teesside Operations Limited 34,465,000 --
- --------------------------------------------------------------------------------------------------------
Gas de Alagoas S.A. 4,687,000 1,258,000 (a)
- --------------------------------------------------------------------------------------------------------
Gas de Risaralda S.A. 6,528,000 (356,000) (a)
- --------------------------------------------------------------------------------------------------------
Gases del Caribe S.A., E.S.P. 54,351,000 5,676,000 (a)
- --------------------------------------------------------------------------------------------------------
Gases de la Guajira S.A., E.S.P. 4,349,000 233,000 (a)
- --------------------------------------------------------------------------------------------------------
Gases del Occidente S.A., E.S.P. 14,720,000 (2,000) (a)
- --------------------------------------------------------------------------------------------------------
Gasnacol S.A. 1,716,000 (184,000) (a)
- --------------------------------------------------------------------------------------------------------
Offshore Power Operations C.V. (154,000) (198,000)
- --------------------------------------------------------------------------------------------------------
Promigas S.A., E.S.P. 329,594,000 30,598,000 (a)
- --------------------------------------------------------------------------------------------------------
Puerto Quetzal Power Corp. 83,979,000 6,137,000
- --------------------------------------------------------------------------------------------------------
Riogas S.A. 20,003,000 1,419,000 (a)
- --------------------------------------------------------------------------------------------------------
San Juan Gas Company, Inc. 17,112,000 (7,263,000)
- --------------------------------------------------------------------------------------------------------
Sarlux S.R.L. 467,801,000 (6,019,000)
- --------------------------------------------------------------------------------------------------------
Smith/Enron Cogeneration Limited Partnership 211,906,000 6,104,000
- --------------------------------------------------------------------------------------------------------
Smith/Enron O&M Limited Partnership 6,018,000 2,425,000
- --------------------------------------------------------------------------------------------------------
Subic Power Corp. 101,427,000 6,370,000
- --------------------------------------------------------------------------------------------------------
Surtigas S.A., E.S.P. 28,918,000 3,784,000 (a)
- --------------------------------------------------------------------------------------------------------
Sutton Bridge Power 71,506,000 37,000
- --------------------------------------------------------------------------------------------------------
Teesside Gas Processing Limited -- --
- --------------------------------------------------------------------------------------------------------
Teesside Gas Transportation Limited 31,859,000 1,313,000
- --------------------------------------------------------------------------------------------------------
Teesside Power Holdings Limited -- 1,811,000
- --------------------------------------------------------------------------------------------------------
Teesside Power Limited -- 5,396,000
- --------------------------------------------------------------------------------------------------------
Tolgas, S.A. 1,257,000 (310,000) (a)
- --------------------------------------------------------------------------------------------------------
</TABLE>
(a) Not U.S. GAAP.
(b) No separate financial statements are produced for this entity - amounts
calculated from consolidating financial statements.
(c) Project under construction - no financial statement available.
- -------------------
(e) Identify any service, sales or construction contract(s) between
the EWG or foreign utility company and a system company, and describe the
services to be rendered or goods sold and fees or revenues under such
agreement(s).
SEE APPENDIX III WHICH HAS BEEN FILED CONFIDENTIALLY WITH THE
SECURITIES AND EXCHANGE COMMISSION.
10
<PAGE> 11
The above-named claimant has caused this statement to be duly
executed on its behalf by its authorized officer on this 30th day of March,
1999.
ENRON CORP.
/s/ ROBERT H. BUTTS
-------------------------------
By: Robert H. Butts
Title: Vice President and Controller
[CORPORATE SEAL]
Attest:
/s/ KATE B. COLE
- -------------------------------
Kate B. Cole
Name, title, and address of officer
to whom notices and correspondence
concerning this statement should
be addressed:
Robert D. Eickenroht, Assistant General Counsel
- -----------------------------------------------
(Name) (Title)
1400 Smith Street, EB 4859
Houston, Texas 77002
Telephone: 713/853-3155
Telecopy: 713/646-5847
11
<PAGE> 12
12/31/98
SEC FORM U-3A-2\A
APPENDIX I
Enron Corp. Subsidiary Interests
Filed with the Securities and Exchange Commission
pursuant to Rule 202 of Regulation S-T
<PAGE> 13
12/31/98
SEC FORM U-3A-2\A
APPENDIX II
Enron Corp. properties and subsidiary public utility company interests
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------
SUBSIDIARY PLACE OF PRINCIPAL PRINCIPAL PURPOSE % ENRON
INCORPORATION ADDRESS ADDRESS OWNERSHIP
CITY STATE
<S> <C> <C> <C> <C> <C>
- -----------------------------------------------------------------------------------------------------------------------------
PORTLAND GENERAL ELECTRIC COMPANY Oregon Portland Oregon Electric utility. 100.00
- -----------------------------------------------------------------------------------------------------------------------------
Portland General Transport Corporation Oregon Portland Oregon Sale of segmented gas 100.00
pipeline capacity,
currently inactive.
- -----------------------------------------------------------------------------------------------------------------------------
121 S.W. Salmon St. Corporation Oregon Portland Oregon Leases PGE 100.00
Headquarters.
- -----------------------------------------------------------------------------------------------------------------------------
Worldwide Trade Center Oregon Portland Oregon Development of World 100.00
Northwest Corporation Trade Center complex
in Portland, Oregon.
- -----------------------------------------------------------------------------------------------------------------------------
Salmon Springs Hospitality Oregon Portland Oregon Meeting center and 100.00
Group, Inc. catering business
line in the Portland,
Oregon metropolitan
area.
- -----------------------------------------------------------------------------------------------------------------------------
</TABLE>
Enron Corp. has no properties other than the stock of its subsidiaries and an
immaterial amount of office equipment and furniture. Its only public utility
subsidiary is Portland General Electric Company ("PGE"). PGE is engaged in the
generation, purchase, transmission, distribution and sale of electric energy in
Oregon. PGE has a 321 MW ownership interest in generating plants in Washington
(1 plant) and Montana (2 plants), comprising approximately 15% of its total
generating capacity. PGE sells electric energy at wholesale in interstate
commerce to electric utilities located in other states, primarily California.
PGE purchases electric energy from public utility districts located in
Washington and from nonassociated utilities in Oregon, Washington, Montana,
Idaho, Arizona, New Mexico, California and Canada. PGE purchases surplus
electric energy from the Bonneville Power Administration ("BPA"), a federal
agency that markets electric energy generated by federal hydroelectric dams
located on the Columbia River in Oregon and Washington.
PGE owns wholly or jointly the following generating facilities:
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------
Percent of Company's Fuel
Name Location Net Capability (MW) Interest
<S> <C> <C> <C> <C>
- ----------------------------------------------------------------------------------------------------
Sullivan West Linn, OR 16 100.0 Hydro
- ----------------------------------------------------------------------------------------------------
Faraday Estacada, OR 44 100.0 Hydro
- ----------------------------------------------------------------------------------------------------
River Mill Estacada, OR 25 100.0 Hydro
- ----------------------------------------------------------------------------------------------------
Bull Run Bull Run, OR 22 100.0 Hydro
- ----------------------------------------------------------------------------------------------------
Oak Grove Three Lynx, OR 44 100.0 Hydro
- ----------------------------------------------------------------------------------------------------
Pelton Madras, OR 108 100.0 Hydro
- ----------------------------------------------------------------------------------------------------
North Fork Estacada, OR 54 100.0 Hydro
- ----------------------------------------------------------------------------------------------------
Round Butte Madras, OR 300 100.0 Hydro
- ----------------------------------------------------------------------------------------------------
Centralia Centralia, OR 1,310 2.5 Coal
- ----------------------------------------------------------------------------------------------------
Beaver Clatskanie, OR 500 100.0 Gas or Oil
- ----------------------------------------------------------------------------------------------------
Boardman Boardman, OR 529 65.0 Coal
- ----------------------------------------------------------------------------------------------------
Colstrip 3&4 Colstrip, MT 1,440 20.0 Coal
- ----------------------------------------------------------------------------------------------------
Coyote Springs Boardman, OR 241 100.0 Gas or Oil
- ----------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 14
12/31/98
SEC FORM U-3A-2\A
APPENDIX II
(CONTINUED)
PGE's electric distribution system is located within its service territory in
Oregon. PGE serves an area of 3,170 square miles, including 54 incorporated
cities. PGE has transmission lines for the delivery of electricity from its
plants located in Oregon to its service territory or to the Northwest grid.
Electric energy from the plants located in other states is delivered to PGE
over the Northwest grid. PGE owns 20% of the Pacific Northwest Intertie, a
4,800 MW transmission facility between John Day, in Northern Oregon, and Malin,
in Southern Oregon near the California border. This line is used primarily for
interstate sales and purchases of electric energy among BPA, utilities in the
Pacific Northwest, including PGE, and California utilities.
PGE has a 90% ownership interest in a 20 inch diameter natural gas pipeline
that runs approximately 18 miles from its Beaver generating plant, located in
Clatskanie, Oregon, to Cowlitz County Washington where it interconnects with
the interstate gas distribution system of Northwest Pipeline Company.
<PAGE> 15
12/31/98
SEC FORM U-3A-2\A
APPENDIX III
A description of service, sales or construction contracts between any EWG or
foreign utility company and a system company.
Filed confidentially with the
Securities and Exchange Commission
pursuant to Rule 104 as promulgated under the
Public Utility Holding Company Act
<PAGE> 16
12/31/98
SEC FORM U-3A-2\A
EXHIBIT A
A consolidating statement of income and surplus of the claimant and its
subsidiary companies for the last calendar year, together with a consolidating
balance sheet of claimant and its subsidiary companies as of the close of such
calendar year.
Filed confidentially with the
Securities and Exchange Commission
pursuant to Rule 104 as promulgated under the
Public Utility Holding Company Act
<PAGE> 17
12/31/98
SEC FORM U-3A-2\A
EXHIBIT B
Financial Data Schedule
Enron Corp.
(for the calendar year ended December 31, 1998)
If, at the time a report on this form is filed, the registrant is required to
submit this report and any amendments thereto electronically via EDGAR, the
registrant shall furnish a Financial Data Schedule. The Schedule shall set
forth the financial and other data specified below that are applicable to the
registrant on a consolidated basis.
Total Assets $29,350,000,000
Total Operating Revenue $31,260,000,000
Net Income $ 703,000,000
<PAGE> 18
12/31/98
SEC FORM U-3A-2\A
EXHIBIT C
An organization chart showing the relationship of each EWG or foreign utility
company to associate companies in the holding company system.
Filed with the Securities and Exchange Commission
pursuant to Rule 202 of Regulation S-T
