<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ...)*
Hanover Compressor Company
--------------------------
(Name of Issuer)
Common Stock $.001 Par Value Per Share
--------------------------------------
(Title of Class of Securities)
410768 10 5
--------------
(CUSIP Number)
*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 the disclosures provided in a prior cover page.
The information required in 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. 410768 10 5 13G Page 2 of 6 Pages
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
JOINT ENERGY DEVELOPMENT INVESTMENTS LIMITED PARTNERSHIP
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(A)
NONE
(B)
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- -------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 0
BENEFICIALLY -------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 2,761,950
PERSON -------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
0
-------------------------------------------
8 SHARED DISPOSITIVE POWER
2,761,950
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,761,950
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.8%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
Page 2 of 6
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CUSIP NO. 410768 10 5 13G Page 3 of 6 Pages
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ENRON CORP.
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(A)
NONE
(B)
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
OREGON
- -------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF
SHARES 0
BENEFICIALLY -------------------------------------------
OWNED BY 6 SHARED VOTING POWER
EACH
REPORTING 2,761,950
PERSON -------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
0
-------------------------------------------
8 SHARED DISPOSITIVE POWER
2,761,950
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,761,950
- -------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
- -------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.8%
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
Page 3 of 6
<PAGE> 4
ITEM 1(A)
Name of Issuer: The name of the issuer is Hanover Compressor Company
("Hanover").
ITEM 1(B)
Address of Issuer's Principal Executive Offices: The principal executive office
of Hanover is 12001 North Houston Rosslyn, Houston, Texas 77086.
ITEM 2(A)
Name of Person Filing: The reporting persons are Enron Corp. and Joint Energy
Development Investments Limited Partnership ("JEDI"). The general partner of
JEDI is Enron Capital Management Limited Partnership ("ECMLP"), a limited
partnership. The general partner of ECMLP is Enron Capital Corp., a wholly owned
subsidiary of Enron Capital & Trade Resources Corp., a wholly owned subsidiary
of Enron Corp. JEDI is the record owner of the shares subject to this Schedule.
ITEM 2(B)
Address of Principal Business Office: The address of each of Enron Corp. and
JEDI is 1400 Smith Street, Houston, Texas 77002.
ITEM 2(C)
Citizenship: The place of organization of Enron Corp. is Oregon and the place
of organization of JEDI is Delaware.
ITEM 2(D)
Title of Class of Securities: The class of securities of Hanover owned
beneficially by JEDI and Enron Corp. is common stock, $.001 par value (the
"Common Stock").
ITEM 2(E)
CUSIP Number: 410768 10 5
ITEM 3
Not applicable
Page 4 of 6
<PAGE> 5
ITEM 4
Ownership.
(a) Amount Beneficially Owned: The amount of securities beneficially
owned by each of Enron Corp. and JEDI is 2,761,950 shares of Common
Stock.
(b) Percent of Class: The percent of the class of Common Stock beneficially
owned by each of Enron Corp. and JEDI is 9.8%.
(c) Number of Shares and Voting Power: Enron Corp. and JEDI each has the
shared power to vote or to direct the vote of 2,761,950 shares of the
Common Stock and the shared power to dispose or to direct the
disposition of 2,761,950 shares of the Common Stock.
ITEM 5
Ownership of Five Percent or Less of a Class: Not applicable
ITEM 6
Ownership of More than Five Percent on Behalf of Another Person: Not applicable
ITEM 7
Identification and Classification of the Subsidiary Which Acquired the Security
Being Reported on By the Parent Holding Company: Not applicable
ITEM 8
Identification and Classification of Members of the Group: Not applicable
ITEM 9
Notice of Dissolution of Group: Not applicable
ITEM 10
Certification: Not applicable
Page 5 of 6
<PAGE> 6
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.
Date: February 11, 1998
JOINT ENERGY DEVELOPMENT
INVESTMENTS LIMITED
PARTNERSHIP
By: Enron Capital Management Limited
Partnership, its general partner
By: Enron Capital Corp.,
its general partner
By: /s/Peggy B. Menchaca
-------------------------
Peggy B. Menchaca
Vice President and Secretary
ENRON CORP.
By: /s/Peggy B. Menchaca
-------------------------
Peggy B. Menchaca
Vice President and Secretary
Page 6 of 6
