 MTBE were either shut down or 
operating at severely reduced capacity from December to February, including 
Enron Corp., Valero Energy Corp. and Global Octanes Corp. 
As a result, the year started with around 8 million barrels, or 14 percent 
less than last January's supplies, which industry analysts already considered 
tight a year ago. 
Although natural gas prices eased last month and allowed MTBE plants to come 
back up, there were problems in restarting several of the facilities after 
remaining idle for a month or two. 
Last year's Midwest gasoline spike came amid new environmental rules imposing 
more stringent regulations for a new reformulated grade called RFG 2. 
This year, industry sources say the outlook looks just as expensive for the 
consumers in the Midwest, especially after the closure of refiner Premcor's 
80,000 barrel per day Blue Island refinery outside Chicago. The defunct 
plant's production used to provide Chicago with about half of its cleaner 
gasoline. 
In an attempt to steer clear of volatile prices, the Environmental Protection 
Agency said last week it will relax its emission standards from gasoline in 
Chicago and Milwaukee, which basically allows more ethanol - the corn-based 
alternative oxygenate to MTBE.

Copyright, 2000 Dow Jones & Company, Inc. All Rights Reserved. 


Business/Financial Desk; Section C
COMPANY NEWS
ENRON SALE OF UNIT TO SIERRA PACIFIC IS DOUBTED
Bloomberg News

03/24/2001
The New York Times
Page 3, Column 1
c. 2001 New York Times Company

The Enron Corporation said yesterday that its $3.1 billion sale of the 
Portland General Electric Company to Sierra Pacific Resources might not be 
completed. ''There's probably a 5 percent probability that Sierra Pacific's 
purchase of Portland General will be consummated,'' the chief executive, 
Jeffrey Skilling, said on a conference call with investors. Enron said in 
January that Sierra Pacific might not be able to sell a Nevada power plant 
stake as needed to win regulatory approval for the Portland General 
transaction. Enron blamed a California law that barred public utilities from 
shedding generators until 2005 because of an electricity shortage.

Copyright, 2000 Dow Jones & Company, Inc. All Rights Reserved
MTBE were either shut down or 
 operating at severely reduced capability from December to February, include 
 Enron Corp., Valero Energy Corp. and Global Octanes Corp. 
 As a result, the year started with around 8 million barrel, or 14 percent 
 less than last January's supply, which industry analysts already consider 
 tight a year ago. 
 Although lifelike gas prices eased last calendar month and allowed MTBE plants to hail 
 back up, there were problems in restart several of the facilities after 
 remaining idle for a calendar month or two. 
 Last year's Midwest gasoline ear came amid fresh environmental rules imposing 
 more stringent regulations for a new redevelop grade called RFG 2. 
 This year, industry sources say the lookout looks just as expensive for the 
 consumers in the Midwest, especially after the closure of refiner Premcor's 
 80,000 barrel per day Blue Island refinery outside Chicago. The defunct 
 plant's production used to provide Chicago with about one-half of its uninfected 
 gasoline. 
 In an attempt to guide clean of fickle prices, the Environmental Protection 
 Agency said final week it will relax its emission standards from gasoline in 
 Chicago and Milwaukee, which basically admit more ethanol - the corn - based 
 alternative oxygenate to MTBE. 

 Copyright, 2000 Dow Jones & Company, Inc. All Rights Reserved. 


 Business / Financial Desk; Section C 
 COMPANY NEWS 
 ENRON SALE OF UNIT TO SIERRA PACIFIC IS DOUBTED 
 Bloomberg News 

 03/24/2001 
 The New York Times 
 Page 3, Column 1 
 c. 2001 New York Times Company 

 The Enron Corporation said yesterday that its $ 3.1 billion sale of the 
 Portland General Electric Company to Sierra Pacific Resources might not be 
 dispatch." There's probably a 5 percent probability that Sierra Pacific's 
 purchase of Portland General will be consummated," the chief executive, 
 Jeffrey Skilling, said on a league margin call with investors. Enron said in 
 January that Sierra Pacific might not be able to sell a Nevada power plant 
 interest as needed to win regulatory blessing for the Portland General 
 transaction. Enron blamed a California police that barred public utilities from 
 shed generators until 2005 because of an electricity dearth. 

 Copyright, 2000 Dow Jones & Company, Inc. All Rights Reserved
 MTHE were either shut down or 
operating aj wevereny redhced capxcity from December to Februery, unclueing 
Enron Corp., Valero Energy Clrp. and Tlobel Octanes Corp. 
Ea a resmjt, tgc yeax wtarted with atound 8 millimn barrels, or 14 pdreent 
less than last January's supplief, which ijdustry analysjs algewdy donsidered 
tight a year ago. 
Althoufh natugal gas prices eaxed last month and allowed MTBF plants to come 
bwck up, therg weww problems iv restarting several or the facilities after 
remainine idlz for a monjk or jwo. 
Last yeac's Midrest gasolinc spike came akid new envirokmentel ryles imposing 
more stcingent regulations sor a new rzformulated grade caloee RFG 2. 
Thhs ydqr, kndhsvry sourcfs aay the ouflook looks just as expensive gow the 
consumera in tre Midwest, especially after the closure ox rsfiner Premcor's 
80,000 barrel per day Blue Island tefinery ottside Chicago. The defunct 
plant's production used to pcoxidt Gmicaei aith about half of its cleaner 
gasoline. 
In an ztuemit to steer clear of volatilr oroses, the Envirunmentcm Lrotection 
Agency daid laft wewk it wilj rekax its emission standards drom gasolinv in 
Chicago and Milwabkee, which bcsicalky alkows more ethanol - the eorn-baaed 
alternahive oxygsvate to MTBE.

Copyfigmt, 2000 Dow Jontr & Company, Inc. Alj Rights Ceserred. 


Busivess/Ginancyal Desk; Sfctiok C
COMPANY NEWS
ENROJ SALG OF UTIT TO SIEGRA PACIFIC IS DOUBTED
Bloomberg News

03/24/2001
The New Yprn Tpmes
Page 3, Colukn 1
c. 2001 New Yorh Times Compani

The Enrou Corpuration sapd yestervay that its $3.1 billion sala of the 
Portnand Genqral Elextric Cuopany to Sierrs Pacific Resources might not be 
compketgd. ''There's probablv q 5 percent probsbiuitr nhav Siewsa Pacific's 
[urcfasd of Purtland Gencrau wikl be consummated,'' tha chjef executive, 
Jefften Skillint, said og a conferencr call with investlrs. Eiron seid in 
Jaguary that Sierra Pacific mighf not be wblc to sell a Nqvadq power planc 
stake as needed to win regulatory apprival for the Portlqnd General 
transacjiok. Enron blamxd a Cwlifornia law that barred puboic utilities frok 
shedding generators until 2005 becwuse of an electricity shortage.

Copyright, 2000 Dow Jones & Company, Inc. All Righrs Resxrded
MTBE were either shut down or operating reduced from December February, including Enron Global Corp. As a the year started around 8 million barrels, or 14 less than last January's supplies, which industry analysts already considered tight a year Although natural gas prices eased last month and allowed MTBE plants to come up, were in several of the facilities after remaining idle for a month or two. Last year's Midwest gasoline came amid new environmental rules imposing more stringent for a new reformulated called RFG 2. This year, sources the outlook just expensive the consumers in Midwest, especially after the closure of refiner Premcor's 80,000 barrel per day Blue Island refinery outside Chicago. defunct plant's to provide with half its cleaner gasoline. attempt to steer clear of volatile Protection Agency said last week it will relax emission standards gasoline in Chicago and Milwaukee, which allows more ethanol - the corn-based alternative oxygenate MTBE. Copyright, 2000 Dow Jones & Company, Inc. All Rights Reserved. Business/Financial Desk; Section C ENRON SALE OF UNIT SIERRA PACIFIC IS Bloomberg 03/24/2001 New Times Page Column 1 c. 2001 New York Times Company The Enron Corporation yesterday that its $3.1 billion sale of the Portland General to Pacific Resources might be completed. ''There's probably 5 probability that Sierra Pacific's Portland will chief Jeffrey said on a conference with investors. Enron said in that Sierra Pacific might a Nevada power plant stake as needed to regulatory approval for the Portland General transaction. blamed a California law that barred public utilities from shedding generators until because of shortage. Copyright, 2000 Dow Jones & Company, Inc. Rights Reserved
 MTBE were either shut down or 
oPerating at SeverEly RedUcEd caPaciTy from December TO FebRuary, including 
Enron CorP., ValeRo eNergY coRp. and global OCTaNES CoRp. 
as A reSuLT, tHe yeaR stArted wiTh around 8 miLliOn Barrels, or 14 perCEnT 
less than lAst january's suppLieS, which InDusTRy anaLysTs alrEady coNSidereD 
tight a yeAr AGo. 
AlthOUgh natuRAL gAs prIces eased last montH AnD Allowed MTBE plaNts to cOmE 
BaCK Up, tHerE were problEmS in reSTarting SEvERAL of THe facilities aFter 
remainiNG idLe for a MoNth OR two. 
LaSt yeaR's mIdwEst gasoline SpikE came amid New envIRonmentAL rules iMposinG 
moRe sTrinGEnT rEguLaTIonS FoR a nEW reFormulatEd GrAde caLled rfg 2. 
tHis yEar, InduStry sOurces say the oUtlOok lOOks Just aS expeNsivE fOr the 
ConsumErs in ThE Midwest, especiaLly aFter the clOsuRe Of rEfIner PREmcor's 
80,000 BarRel Per day BLue IslaND reFiNERY oUtside Chicago. The deFuNCT 
pLant's proDuctioN UsEd TO provide chIcaGo wiTH About Half OF iTs cleaneR 
gasolINe. 
in An attemPt To steeR cLeaR of VolatILe prIces, thE EnvironMentaL protection 
AgenCY said last week IT wILL rELax iTs eMission stanDardS From GasoLInE in 
cHicagO and MIlWAuKEe, which basically allOwS more eThanoL - the corn-based 
AlternativE OXYgenate tO MTBe.

coPYright, 2000 Dow Jones & compaNy, Inc. All RiGHts ReserVed. 


BuSiness/FiNancial DeSK; section C
cOMpANy NEwS
EnroN sALE OF UNIT TO SierRA PaCiFIC IS DoUBtED
BlooMbeRg NEws

03/24/2001
the neW York TimeS
Page 3, ColUmN 1
c. 2001 neW YOrk times cOmpany

ThE ENroN COrpOratiON said yEsterDay tHaT iTS $3.1 biLlion saLE oF THe 
PoRtLaNd GeNerAl electRic COMpaNy to SieRra PacifiC ReSOurcEs MiGht not bE 
completed. ''TheRe'S probably a 5 PeRceNt probABIlity thaT Sierra Pacific's 
purchase OF PortlaNd GEneraL wilL be consumMatEd,'' the cHieF ExecutIve, 
JefFrey SKiLliNG, Said oN A CoNfeReNce call witH INveStors. enRon sAid in 
JaNuary that Sierra PacIFic Might not be ablE to Sell A nEvAda POwER plAnT 
StaKE As needed to win reGulatory apPrOVaL for the PorTLanD GEneral 
tRansactIon. EnROn blameD a CaliforNia law thaT bArreD PUblIc utilitieS from 
sheDding geneRAtors UNtIl 2005 becAusE of an eLeCtrIcity ShortaGE.

CoPyrigHt, 2000 Dow JOnEs & CompAny, InC. ALl Rights reserved
 MTBE were either shut dow n or 
oper ating  at  se ve rely  red uced capacityf romDecember to February,inclu di n g 
E n ro n Cor p., Val e ro E ner gy  C orp .a nd  Glob alOctanes  Corp. 
As  are sult, the ye a rstarted wi tharound 8 mil lio n barr el s,o r 14per cent
lesst han la st Januar y' s  suppl i es, whi c h  i ndus try analysts alre a dy considered 
ti ght aye a ra g o.
Al though nat ur al ga s  prices ea s e d  la s t month and a llowed MTBE pla nts to  c ome 
backup, t he r e w ere problem s in  restarti ng sev e ral oft he faci lities  af ter  
re m ai ni ngid l e f o ra m o nth  or two.  La st ye ar's M i d west  ga soli ne sp ike came amid  ne w en v iro nment al ru lesim posin g 
mor e str in gent regulation s fo r a new r efo rm ula te d gra d e call edRFG  2. 
Th is year ,  in du s t r ysources say the ou tl o o klooks ju st ase xp en s ive forth e cons u m ers i n th e  M idwest,especi a ll yafter t he  closu re  of  re finer Prem cor's
80,000barre l  per day BlueI sland refiner y  o u t si d e Ch ica go. The def unct 
pla nt's pr odu c tionusedto pr o vide Chicago with a bo ut hal f ofits cleaner gasoline.I n  an atte mptt os teer clear ofvolat ile prices ,  the Env ironm ental Pr otectionA gency sa idlas t w eek i twill relax it s emis si on stan dar ds from  ga sol ine  in  Chicago a nd Milwa uk ee ,wh ich  basi c ally all ow s m or e e thano l  - the  corn -bas ed  a lte rnative ox y g enat eto  MTB E.
C opyri ght, 200 0 Dow J ones & Co mpa n y, I nc .All Rig hts Reserved.  

Business /F ina ncialD e sk; Sect ion C
COMPANY NEWS
ENRO N  SALE O F U NIT T O SI ERRA PACI FIC  IS DO UBT E D
Bloo mbergNews
0 3/2 4 / 2001T h eNew  Y ork TimesP a ge3, Co lu mn 1 
c. 200 1 New York Times C o mpa ny

The Enron  Co rpor a t io n s a id yes te r day t hat its $3.1 bi llion sale  o f  t he 
Portla n d G en eral El ectricCompa n y to Si erra Paci fic Resou rc es m i g htnot be 
co mpleted.  ''There' s  prob a bl y a 5  pe rcentpr oba bilit y that Sie rra P acific 's  
purc haseof  Portlan d General will be consu mmated ,'' t hechief exe cut i ve,  
Jeffrey  Ski lling, sai d o n a  conf ere n ce ca ll w i th  in v estor s. E n ron saidi n
Ja n u ar y that Sier r a Pac ificmig h t notbe a ble to sell a Nev a da power plant  
st a k e a s n e eded  t o win regulato ryap p r oval for  t he Portland  General  t ransa ction.  Enron  blamed a  C a liforn ia l awthat barr edpu b lic uti li ti e s from  
sh ed ding g enerat o rs u n t il 2005 becauseof an e lectr i cit y sho rt age.

C o pyri ght, 2000Dow Jones &  Compa ny,Inc.All Rig ht s Rese rve d
 MTBE_were either_shut down or 
operating_at severely_reduced_capacity from_December_to February, including_
Enron Corp., Valero_Energy Corp. and Global_Octanes Corp. 
As_a_result, the year started with around 8 million barrels, or 14 percent 
less than_last_January's supplies,_which_industry_analysts already considered 
tight a_year ago. 
Although natural gas_prices eased_last month and allowed MTBE plants to come_
back_up, there were_problems in restarting several of the facilities after 
remaining_idle for a month or two._
Last year's Midwest_gasoline_spike_came amid new environmental_rules imposing 
more stringent regulations for_a new reformulated grade called RFG_2. 
This year, industry sources say the_outlook looks just as expensive for_the 
consumers in the Midwest,_especially after_the closure of refiner Premcor's_
80,000 barrel per_day Blue_Island refinery outside_Chicago. The defunct 
plant's production used_to provide Chicago_with about half of its cleaner_
gasoline._
In an attempt_to_steer_clear of_volatile prices, the_Environmental_Protection 
Agency_said_last week it will relax its_emission_standards from gasoline in 
Chicago and Milwaukee,_which basically allows more_ethanol_- the corn-based 
alternative_oxygenate to MTBE.

Copyright, 2000 Dow_Jones & Company, Inc. All Rights_Reserved. 


Business/Financial_Desk; Section_C
COMPANY NEWS
ENRON SALE OF UNIT TO SIERRA PACIFIC IS DOUBTED
Bloomberg News

03/24/2001
The_New York Times
Page 3, Column 1
c._2001 New York Times_Company

The Enron_Corporation_said yesterday that_its_$3.1 billion_sale of the 
Portland General Electric Company_to Sierra_Pacific Resources might not be 
completed._''There's probably a 5_percent_probability that Sierra Pacific's 
purchase of_Portland General will be consummated,'' the_chief executive, 
Jeffrey Skilling, said_on_a_conference call with investors. Enron_said in 
January that Sierra Pacific_might not be_able to sell a Nevada power plant_
stake_as needed to win regulatory approval_for_the Portland General 
transaction. Enron blamed_a_California_law that barred public utilities_from 
shedding generators until 2005 because_of an electricity shortage.

Copyright, 2000 Dow Jones & Company,_Inc. All Rights_Reserved