<PAGE> 1
Enron Corp. for FirstWorld Communications
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
FirstWorld Communications, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Series B Common Stock, par value $.0001 per share
- --------------------------------------------------------------------------------
(Title of Class of Securities)
337625 20 6
(CUSIP Number)
Enron North America Corp.
1400 Smith Street
Houston, Texas 77002
Attn: Julia Murray, Esq.
General Counsel - Finance
(713) 853-6161
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
December 31, 1999
-------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
Note: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
<PAGE> 2
- -------------------------------
CUSIP NO. 337625 20 6
- -------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Enron Corp.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [x]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Oregon
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY ------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON 16,472,166**
WITH ------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
------------------------------------------------
10 SHARED DISPOSITIVE POWER
16,472,166**
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
16,472,166**
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
N/A
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
44.5%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D
** Includes 3,236,083 shares of Series B Common Stock, 5,000,000 shares of
Series A Common Stock convertible into Series B Common Stock on a share for
share basis and presently exercisable warrants to purchase an aggregate of
8,236,083 shares of Series B Common Stock.
Page 2 of 13
<PAGE> 3
- -------------------------------
CUSIP NO. 337625 20 6
- -------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Enron North America Corp.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [x]
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3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY ------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON 16,472,166**
WITH ------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
------------------------------------------------
10 SHARED DISPOSITIVE POWER
16,472,166**
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
16,472,166**
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
N/A
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
44.5%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D
** Includes 3,236,083 shares of Series B Common Stock, 5,000,000 shares of
Series A Common Stock convertible into Series B Common Stock on a share for
share basis and presently exercisable warrants to purchase an aggregate of
8,236,083 shares of Series B Common Stock.
Page 3 of 13
<PAGE> 4
- -------------------------------
CUSIP NO. 337625 20 6
- -------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Nina I, L.L.C.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [x]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY ------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PERSON 15,819,527**
WITH ------------------------------------------------
9 SOLE DISPOSITIVE POWER
-0-
------------------------------------------------
10 SHARED DISPOSITIVE POWER
15,819,527**
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
15,819,527**
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
N/A
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
42.7%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
OO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13D
** Includes 3,236,083 shares of Series B Common Stock, 4,347,361 shares of
Series A Common Stock convertible into Series B Common Stock on a share for
share basis and presently exercisable warrants to purchase an aggregate of
8,236,083 shares of Series B Common Stock.
Page 4 of 13
<PAGE> 5
STATEMENT ON SCHEDULE 13D
NOTE: This Statement on Schedule 13D is being filed by (i) Enron
Corp. ("Enron"), (ii) Enron North America Corp. ("ENA") and (iii) Nina I, L.L.C.
("Nina"), which are collectively referred to as the "Reporting Entities." All
information with respect to FirstWorld Communications, Inc., a Delaware
corporation (the "Issuer"), is presented to the best knowledge and belief of the
Reporting Entities.
ITEM 1. SECURITY AND ISSUER
This Statement on Schedule 13D relates to shares of Series B Common
Stock, $0.0001 par value, of the Issuer (the "Series B Common Stock"). This
Statement is being filed by the Reporting Entities to report the holdings of
shares of Common Stock of the Issuer as a result of which the Reporting
Entities may be deemed to be the beneficial owners of more than 5% of the
outstanding shares of the Series B Common Stock. The address of the principal
executive offices of the Issuer is 8390 E. Crescent Parkway, Suite 300,
Greenwood Village, Colorado 80111.
ITEM 2. IDENTITY AND BACKGROUND
The name, citizenship (or place of organization, as applicable),
business address, present occupation or employment of each of the executive
officers, directors and persons who may be deemed in control of each of the
Reporting Entities are set forth on Appendix A and B hereto and incorporated
herein by reference.
a. Enron
Enron is a corporation formed under the laws of the State of Oregon.
The principal business offices of Enron are located at 1400 Smith Street,
Houston, Texas 77002.
b. ENA
ENA is a corporation formed under the laws of the State of Delaware.
The principal business offices of ENA are located at 1400 Smith Street,
Houston, Texas 77002. ENA is a wholly-owned subsidiary of Enron.
c. Nina
Nina is a limited liability company formed under the laws of the
State of Delaware. The principal business offices of Nina are located at 1400
Smith Street, Houston, Texas 77002. ENA is the managing member of Nina.
Pursuant to the regulations promulgated under Section 13(d) of the
Act, Enron, ENA and Nina each may be deemed a beneficial owner of those shares
of Common Stock identified for each respective Reporting Person on pages 2-5
hereof.
The Schedules to this statement report current information regarding
the officers and directors of Enron, ENA, and Nina. None of the Reporting
Entities, nor to their knowledge any persons listed on the Schedules hereto, has
been during the past five years (a) convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors), or (b) a party to any
civil proceeding as a result of which it or he has been subject to a judgment,
decree or final order enjoining future violations of, or prohibiting, or
mandating activities subject to, federal or state securities laws, or finding
any violation with respect to such laws.
Page 5 of 13
<PAGE> 6
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION;
ITEM 4. PURPOSE OF TRANSACTION;
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Enron Corp had previously filed a statement on Schedule 13G on
February 11, 1999 regarding its beneficial ownership, through Sundance Assets
L.P. ("Sundance"), of 3,333,333 shares of Series B Common Stock, 5,000,000
shares of Series A Common Stock of the Issuer, convertible into Series B Common
Stock on a one for one basis ("Series A Common Stock"), and currently
exercisable warrants to purchase 8,333,333 shares of Series B Common Stock.
Sundance subsequently transferred in October 1999, 97,250 shares of Series B
Common Stock and warrants to purchase 97,250 shares of Series B Common Stock to
a non-affiliated third party.
Sundance transferred to ENA 5,000,000 shares of Series A Common
Stock, 3,236,083 shares of Series B Common Stock and warrants to purchase
8,236,083 shares of Series B Common Stock of the Issuer on December 31, 1999.
On December 31, 1999 ENA transferred (i) 652,639 shares of Series A Common
Stock to ECT Merchant Investments Corp. ("ECT") and (ii) 4,347,361 shares of
Series A Common Stock, 3,236,083 shares of Series B Common Stock and warrants
to purchase 8,236,083 shares of Series B Common Stock to Nina. The securities
reported by Nina were acquired as a contribution to capital by ENA upon the
formation of Nina.
If Nina converted or exercised all instruments and securities held
by it into Series B Common Stock, the 15,819,527 shares would represent 42.7%
of the Issuer's outstanding Series B Common Stock. If ECT converted the Series
A Common Stock held by it, the 652,639 shares would represent 1.8% of the
Issuer's outstanding Series B Common Stock.
Enron and ENA may be deemed to beneficially own the shares of common
stock and the warrants beneficially owned by Nina and ECT. Further, Enron and
ENA, the managing member of Nina, may be deemed to share voting and dispositive
power over the common stock and warrants beneficially owned by Nina and ECT.
Enron and ENA each hereby disclaims beneficial ownership of all common stock and
warrants held by Nina and ECT, and the filing of this statement on Schedule 13D
shall not be construed as an admission that Nina, ECT, ENA, Enron or any person
listed on Appendix A or B hereto is, for the purposes of Section 13(d) or 13(g)
of the Act, the beneficial owner of any securities covered by this statement.
All percentage ownership calculations utilized herein are calculated in
accordance with Rule 13d-3 (d) (1) (i) and assume that 36,604,813 shares of
Series B Common Stock are actually outstanding on the date of this statement.
None of the Reporting Entities have acquired any shares of Series A Common Stock
or Series B Common Stock of the Issuer in the past sixty days except as
otherwise reported herein.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO THE SECURITIES OF THE ISSUER
In connection with the above described transactions, Nina has the
right under certain circumstances to put the Issuer's securities held by Nina
to Enron.
There are no contracts with third parties or among the Reporting
Entities regarding the transfer, voting, finder's fees, joint ventures, loan or
option arrangements, puts or calls, guarantees or profits, division of profit
or losses, or the giving or withholding of proxies which would result in the
power to dispose of or control the voting of any of the securities of the
Issuer described herein to any non-Reporting Entity.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Not Applicable.
Page 6 of 13
<PAGE> 7
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete
and correct.
Dated: January 11, 2000
ENRON CORP.
By: /s/ ANGUS H. DAVIS
----------------------------
Name: Angus H. Davis
Title: Vice President and Deputy Corporate
Secretary for Enron Corp.
ENRON NORTH AMERICA CORP.
By: /s/ STEPHEN R. HORN
----------------------------
Name: Stephen R. Horn
Title: Vice President
NINA I, L.L.C.
By: ENRON NORTH AMERICA CORP.,
its managing member
By: /s/ STEPHEN R. HORN
----------------------------
Name: Stephen R. Horn
Title: Vice President
Page 7 of 13
<PAGE> 8
APPENDIX A
Set forth below is (i) the name and citizenship (or place of
organization, as applicable), (ii) business address, (iii) present principal
occupation or employment and (iv) title of each director and executive officer
of Enron Corp.
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------
Name and Business Address Citizenship Position and Occupation
- -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
Robert A. Belfer U.S.A. Director; Chairman, President and
Belco Oil & Gas Corp. Chief Executive Officer, Belco Oil
767 Fifth Avenue, 46th Fl. & Gas Corp.
New York, NY 10153
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Norman P. Blake, Jr. U.S.A. Director; Chairman, President &
Promus Hotel Corp. CEO of Promus Hotel Corporation
705 Crossover Lane
Memphis, TN 38117-4900
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Ronnie C. Chan U.S.A. Director; Chairman of Hang Lung
Hang Lung Development Company Development Group
Limited
28/F, Standard Chartered Bank Building
4 Des Vouex Road Central
Hong Kong
- -----------------------------------------------------------------------------------------------------------------------
John H. Duncan U.S.A. Director; Investments
5851 San Felipe, Suite 850
Houston, TX 77057
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Paulo V. Ferraz Pereira Brazil Director; President and Chief
Meridional Financial Group Executive Officer of Meridional
Av. Rio Branco, 138-15th andar Financial Group
20057-900 Rio de Janerio - RJ
Brazil
- -----------------------------------------------------------------------------------------------------------------------
Joe H. Foy U.S.A. Director; Retired Senior Partner,
Bracewell & Patterson, L.L.P. Bracewell & Patterson, L.L.P.
2900 South Tower Pennzoil Place
711 Louisiana
Houston, TX 77002
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</TABLE>
Page 8 of 13
<PAGE> 9
<TABLE>
<S> <C> <C>
- -----------------------------------------------------------------------------------------------------------------------
Wendy L. Gramm U.S.A. Director; Former Chairman, U.S.
P. O. Box 39134 Commodity Futures Trading
Washington, D.C. 20016 Commission
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Ken L. Harrison U.S.A. Director; Chairman and Chief
121 S. W. Salmon Street Executive Officer, Portland General
Portland, OR 97204 Electric Company
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Robert K. Jaedicke U.S.A. Director; Professor (Emeritus),
Graduate School of Business Graduate School of Business,
Stanford University Stanford University
Stanford, CA 94305
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Charles A. LeMaistre U.S.A. Director; President (Emeritus),
P.O. Box 15247 University of Texas M.D. Anderson
San Antonio, TX 78212 Cancer Center
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John Mendelsohn U.S.A. Director; President, University of
University of Texas Texas M.D. Anderson Cancer
M.D. Anderson Cancer Center Center
1515 Holcombe
Houston, TX 77030
- -----------------------------------------------------------------------------------------------------------------------
Jerome J. Meyer U.S.A. Director; Chairman and Chief
26600 S.W. Parkway Executive Officer, Tektronix, Inc.
Building 63
P. O. Box 1000
Wilsonville, OR 97070-1000
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Frank Savage U.S.A Director; Chairman, Alliance
1345 Avenue of the Americas Capital Management International
39th Floor
New York, New York 10105
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John A. Urquhart U.S.A. Director; Senior Advisor to the
John A. Urquhart Assoc. Chairman of Enron Corp.;
111 Beach Road President, John A. Urquhart
Fairfield, CT 06430 Associates
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</TABLE>
Page 9 of 13
<PAGE> 10
<TABLE>
<S> <C> <C>
- -----------------------------------------------------------------------------------------------------------------------
John Wakeham U.K. Director; Former U.K. Secretary of
1 Salisbury Square State for Energy and Leader of the
London EC4Y 8JB Houses of Commons and Lords
United Kingdom
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Herbert S. Winokur, Jr. U.S.A. Director; President, Winokur &
Capricorn Management, G.P. Associates, Inc.
30 East Elm Ct.
Greenwich, CT 06830
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Kenneth L. Lay U.S.A. Director; Chairman and Chief
1400 Smith Street Executive Officer
Houston, TX 77002
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J. Clifford Baxter U.S.A. Chairman of the Board, Chief
1400 Smith Street Executive Officer and Managing
Houston, TX 77002 Director, Enron North America
Corp.
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Richard B. Buy U.S.A. Executive Vice President and Chief
1400 Smith Street Risk Officer
Houston, TX 77002
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Richard A. Causey U.S.A. Executive Vice President and Chief
1400 Smith Street Accounting Officer
Houston, TX 77002
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Mark E. Koenig U.S.A. Executive Vice President, Investor
1400 Smith Street Relations
Houston, TX 77002
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James V. Derrick, Jr. U.S.A. Executive Vice President and
1400 Smith Street General Counsel
Houston, TX 77002
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Steven J. Kean U.S.A. Executive Vice President and
1400 Smith Street Chief of Staff
Houston, TX 77002
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Andrew S. Fastow U.S.A. Executive Vice President and Chief
1400 Smith Street Financial Officer
Houston, TX 77002
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Mark A. Frevert U.S.A. President and Chief Executive
1400 Smith Street Officer, Enron Europe, Ltd.
Houston, TX 77002
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Stanley C. Horton U.S.A. Chairman and Chief Executive
1400 Smith Street Officer, Enron Gas Pipeline Group
Houston, TX 77002
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</TABLE>
Page 10 of 13
<PAGE> 11
<TABLE>
<S> <C> <C>
- -----------------------------------------------------------------------------------------------------------------------
Rebecca P. Mark U.S.A. Director; Chairman, and Chief
1400 Smith Street Executive Officer, Azurix Corp.
Houston, TX 77002
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J. Mark Metts U.S.A. Executive Vice President,
1400 Smith Street Corporate Development
Houston, TX 77002
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Cindy K. Olson U.S.A. Executive Vice President,
1400 Smith Street Human Resources and
Houston, TX 77002 Community Relations
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Jeffrey McMahon U.S.A. Executive Vice President,
1400 Smith Street Finance and Treasurer
Houston, TX 77002
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Michael S. McConnell U.S.A. Executive Vice President,
1400 Smith Street Technology
Houston, TX 77002
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Lou L. Pai U.S.A. Chairman, President and Chief
1400 Smith Street Executive Officer, Enron Energy
Houston, TX 77002 Services, Inc.
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Kenneth D. Rice U.S.A. Co-Chairman and Co-Chief
1400 Smith Street Executive Officer and President,
Houston, TX 77002 Enron Communications Inc.
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Jeffrey K. Skilling U.S.A. Director; President and Chief
1400 Smith Street Operating Officer, Enron Corp.
Houston, TX 77002
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Joseph W. Sutton U.S.A. Vice Chairman, Enron Corp.
1400 Smith Street
Houston, TX 77002
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Joseph M. Hirko U.S.A. Co-Chairman and
1400 Smith Street Co-Chief Executive Officer,
Houston, TX 77002 Enron Communications, Inc.
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</TABLE>
Enron Corp. advises that no persons and/or organizations control Enron
Corp. (either individually or as a group), as the term "control" is used in
Instruction C to Rule 13d-101 promulgated under the Act.
Page 11 of 13
<PAGE> 12
SCHEDULE B
Set forth below is (i) the name and citizenship (or place of
organization, as applicable), (ii) business address, (iii) present principal
occupation or employment and (iv) title of each director and executive officer
of Enron North America Corp.
<TABLE>
<CAPTION>
Name and Business Address Citizenship Position and Occupation
------------------------- ----------- -----------------------
<S> <C> <C>
Each of the following person's business address is
1400 Smith Street, Houston, TX 77002
J. Clifford Baxter U.S.A. Chairman of the Board,
Chief Executive Officer and
Managing Director, Enron
North America Corp.
Mark E. Haedicke U.S.A. Director; Managing
Director and General
Counsel
Lawrence G. Whalley U.S.A. Director; President and
Chief Operating Officer
Kevin P. Hannon U.S.A. Managing Director
Philippe A. Bibi U.S.A. Managing Director
W. Craig Childers U.S.A. Managing Director
David W. Delainey U.S.A. Managing Director
Richard G. DiMichele U.S.A. Managing Director
Jay L. Fitzgerald U.S.A. Managing Director
Michael J. Kopper U.S.A. Managing Director
John J. Lavorato U.S.A. Managing Director
Danny J. McCarty U.S.A. Managing Director
Michael McConnell U.S.A. Managing Director
J. Kevin McConville U.S.A. Managing Director
Jere C. Overdyke, Jr. U.S.A. Managing Director
Gregory F. Piper U.S.A. Managing Director
Brian L. Redmond U.S.A. Managing Director
Jeffrey A. Shankman U.S.A. Managing Director
John R. Sherriff U.S.A. Managing Director
Colleen Sullivan-Shaklovitz U.S.A. Managing Director
</TABLE>
Page 12 of 13
<PAGE> 13
Enron North America Corp. advises that no persons and/or
organizations other than Enron Corp., which owns 100% of the capital Stock of
Enron North America Corp., control Enron North America Corp. (either
individually or as a group), as the term "control" is used in Instruction C to
Rule 13d-101 promulgated under the Act.
Enron North America Corp. advises that no persons and/or
organizations other than Enron North America Corp., which is the managing
member of Nina I, L.L.C., control Nina (either individually or as a group), as
the term "control" is used in Instruction C to Rule 13d-101 promulgated under
the Act.
Page 13 of 13
