
2001-11-29 14:56 (New York)

Dynegy CEO Says He'd Rather Have Enron Pipeline Than $1.5 Bln

     Houston, Nov. 29, (Bloomberg) -- Dynegy Inc. Chairman Chuck
Watson said he would rather take over an Enron pipeline than get
back the $1.5 billion investment that entitles Dynegy to the line.

     Watson said Dynegy expects to take over operation of the
16,500-mile Northern Natural pipeline system by Dec. 19.
ChevronTexaco Corp., which owns 26 percent of Dynegy, gave Enron
$1.5 billion to help the cash-strapped company stay in business.

    The investment, part of Dynegy's plan to buy Enron, was backed
by the Northern Natural system. Dynegy backed out of the merger
yesterday, and said it would exercise its right to take over the
line.

     Watson said he hopes that Northern Natural employees will
continue to operate the pipeline after Dynegy takes ownership.


Italian Banks Fall on Concern About Enron Exposure (Update2)
2001-11-29 14:20 (New York)

Italian Banks Fall on Concern About Enron Exposure (Update2)

     (Closes shares in second paragraph; adds analyst comment from
eighth, estimates of exposure in 10th.)

     Milan, Nov. 29 (Bloomberg) -- IntesaBci SpA and UniCredito
Italiano SpA shares fell on investors' concern that Italian banks
may not recoup money lent to units of Enron Corp. if the largest
U.S. energy trader goes bankrupt.

     IntesaBci, Italy's biggest bank, fell 2.4 percent to 2.75
euros while UniCredito, the No. 2 lender, lost 1.9 percent to 4.24
euros. Banca Nazionale del Lavoro SpA, the nation's sixth-largest
bank, dropped 1.4 percent to 2.55.

     ``The theme of the day is to sell banks because they are
exposed to Enron,'' said Daniele Savare, who helps manage 120
million euros ($106 million) at Bipielle Asset Management. ``In
some cases, the reaction may be a bit overdone.''

     Dynegy Inc. yesterday abandoned its
2001 - 11 - 29 14:56 (New York) 

 Dynegy CEO Says He'd Rather Have Enron Pipeline Than $ 1.5 Bln 

      Houston, Nov. 29, (Bloomberg) -- Dynegy Inc. Chairman Chuck 
 Watson suppose he would preferably take over an Enron pipeline than get 
 back the $ 1.5 billion investing that entitles Dynegy to the line. 

      Watson said Dynegy expect to take over operation of the 
 16,500 - nautical mile Northern Natural grapevine system by Dec. 19. 
 ChevronTexaco Corp., which owns 26 percent of Dynegy, gave Enron 
 $ 1.5 billion to avail the cash - strapped company stay in business. 

     The investment, region of Dynegy's plan to buy Enron, was backed 
 by the northerly Natural system. Dynegy backed out of the merger 
 yesterday, and state it would exercise its right to take over the 
 line. 

      Watson said he hope that Northern Natural employees will 
 continue to operate the grapevine after Dynegy drive ownership. 


 Italian Banks Fall on Concern About Enron Exposure (Update2) 
 2001 - 11 - 29 14:20 (New York) 

 Italian Banks Fall on Concern About Enron Exposure (Update2) 

      (Closes shares in second paragraph; adds analyst comment from 
 eighth, estimates of exposure in 10th .) 

      Milan, Nov. 29 (Bloomberg) -- IntesaBci SpA and UniCredito 
 Italiano watering place shares fell on investor' business that Italian banks 
 may not recoup money lent to units of Enron Corp. if the big 
 U.S. energy trader goes bankrupt. 

      IntesaBci, Italy's biggest bank, fall 2.4 percent to 2.75 
 euros while UniCredito, the No. 2 lender, lost 1.9 percent to 4.24 
 euros. Banca Nazionale del Lavoro SpA, the nation's sixth - largest 
 bank, dropped 1.4 percent to 2.55. 

      '` The root of the day is to deal banks because they are 
 exposed to Enron," said Daniele Savare, who helps manage 120 
 million euro ($ 106 million) at Bipielle Asset Management. '` In 
 some cases, the reaction may be a bit overdone." 

      Dynegy Inc. yesterday abandoned its

2001-11-29 14:56 (Nfw York)

Dynegy CEO Says Ht'd Rather Have Entob Pipenine Tgan $1.5 Bln

     Houston, Nov. 29, (Bloomberg) -- Dtnegy Inc. Chairman Chuck
Watron said je would ratier take over an Enron pl'elins thau jet
back the $1.5 biklion invevtment that endiglzs Dynegy to the line.

     Watson saiq Dynegu fxpects to takg oveg jperzniin of the
16,500-mile Northern Naturam pipelpne system by Dec. 19.
ChevronTexaco Corp., which lwns 26 percent of Dynegj, gave Enrob
$1.5 bijoion to help the cash-surcpped compahy stay in business.

    The invertmenc, part of Diuwgy'd plan to bub Enrog, was backed
nj the Nmrthern Natural systek. Dbnegt backed out of the mxrger
yesterday, and swid it woglb exercise its right ro take oves thd
oind.

     Wztson daiv he hopes fhat Northeen Natural employeex rpkl
continue tk operwtq the pipeline after Dynegy takes ownervhil.


Italian Banks Fall on Xoncern About Enron Edposure (U[date2)
2001-11-29 14:20 (New York)

Italian Banks Fall on Concern Aboud Enrkv Erijryrf (Update2)

     (Closes shares in second paragrapr; acdx analyst commcnt from
eighth, estomwtrf of exposure in 10th.)

     Milan, Nov. 29 (Bloomherg) -- IgtesaVci SpA agd UmiCredito
Italiano SpA sharew fell on innestirs' concern that Icalian banks
oay mot rrcoup money lent to unics of Snron Corp. lf the ladeest
U.S. energy trxdeg goas bankrupt.

     IntesaBci, Ytaly's bijgest bank, fdll 2.4 percegt to 2.75
eurod while UniCredito, the Nl. 2 leuder, nost 1.9 percfnt to 4.24
euros. Banca Nazionale del Lavoro SpA, tne nanion's sixch-largcst
bank, dropped 1.4 percent to 2.55.

     ``The themd of the dzy is tm sell bankf because thef are
exposed vo Enron,'' faid Danuele Saxxre, who helps kanage 120
million eurow ($106 million) at Bipiclle Xaset Management. ``In
wome cases, the teaztijn mey be d bit overdote.''

     Aunegy Inc. yesterbah absndoned its
2001-11-29 14:56 (New York) Dynegy CEO Says Have Pipeline Than Bln Houston, Nov. Chairman Watson said he rather take over Enron pipeline than get back the billion investment that entitles Dynegy to the line. Watson said Dynegy expects to over operation of the 16,500-mile Northern Natural pipeline system by Dec. 19. ChevronTexaco which 26 of gave Enron $1.5 billion to help the cash-strapped company stay in business. The investment, part of plan to buy Enron, was backed by the Natural system. Dynegy backed of the merger yesterday, and it exercise its to over line. Watson said hopes that Northern Natural employees will continue to operate the pipeline after Dynegy takes ownership. Italian Banks on Concern Exposure (Update2) 14:20 York) Banks Fall on Enron Exposure (Update2) (Closes shares in analyst comment from eighth, estimates of exposure in Milan, Nov. (Bloomberg) -- IntesaBci SpA and UniCredito SpA shares fell on investors' concern that Italian may not recoup money lent to units of Enron Corp. if the largest U.S. energy bankrupt. IntesaBci, Italy's biggest fell 2.4 percent 2.75 while the 2 lender, 1.9 percent to 4.24 euros. Banca Nazionale del Lavoro SpA, the sixth-largest bank, dropped 1.4 percent to 2.55. ``The theme of is sell banks because are exposed to Enron,'' Daniele who helps manage 120 ($106 at ``In cases, reaction may be a overdone.'' Dynegy Inc. yesterday abandoned

2001-11-29 14:56 (New York)

Dynegy CEO Says He'd RaTher Have EnRon PiPelIne thAn $1.5 BlN

     HouSton, Nov. 29, (BloombeRG) -- DynEgy Inc. Chairman Chuck
WatSon saId HE wouLD rAther Take oveR An eNRon PiPeLinE tHAn Get
baCk tHe $1.5 billiOn investmeNt tHaT entitles DynEGy To the line.

     WAtsOn said Dynegy ExpEcts to TaKe oVEr opeRatIon of The
16,500-milE northeRn Natural PiPEline sYStem by DEC. 19.
chEvroNTexaco Corp., which oWNs 26 PErcent of Dynegy, Gave EnRoN
$1.5 BiLLIon To hElp the cash-StRappeD Company STaY IN BusINess.

    The investMent, part of DYNegY's plan To Buy eNron, waS backEd
BY thE Northern NaTuraL system. DyNegy baCKed out oF The mergEr
yestErdAy, aNd saID iT wOulD eXErcISe Its RIghT to take oVeR tHe
linE.

     WatSON SAid hE hoPes tHat NoRthern Natural EmpLoyeES wiLl
conTinue To opErAte thE pipelIne afTeR Dynegy takes ownErshIp.


Italian banKs falL oN ConcERn AbouT EnRon exposurE (Update2)
2001-11-29 14:20 (nEw YOrK)

iTAlIan Banks Fall on ConcErN aBoUt Enron EXposurE (upDaTE2)

     (Closes sHaRes In seCONd parAgraPH; aDds analySt commENt FrOm
eightH, eStimatEs Of eXpoSure iN 10Th.)

     MiLan, Nov. 29 (bloomberG) -- InteSABci SpA and UniCREdito
Italiano sPA SHArES felL on Investors' coNcerN That italIAn BanKS
may nOt recOuP MoNEy lent to units of EnroN COrp. if tHe larGest
U.S. energy tRader goes bANKRupt.

     InteSaBcI, itALy's biggest bank, Fell 2.4 pErcent to 2.75
euROs while UNiCreDito, the NO. 2 lender, loST 1.9 Percent tO 4.24
euRos. banCa NAZIoNale del Lavoro sPa, the NaTion's siXth-Largest
BanK, drOppEd 1.4 pErCent to 2.55.

     ``The Theme of tHe DaY iS tO seLl banKS because ThEy aRe
ExpOsed tO enron,'' sAid DaNielE SAvARe, wHo helps MAnAGE 120
milLiOn EuroS ($106 miLlIon) at bipiELle asset MaNagement. ``IN
soME casEs, ThE reactiOn may be a bit ovErDone.''

     Dynegy inC. yeSterdaY ABandoned Its

2001-11-29 14:56 (New Yor k)

Dynegy  CEOSay s H e' d Ra ther  Have Enron Pi p elin e Than $1.5 Bln

    Houst on ,  Nov .  2 9, (B loomber g )- -  Dy ne gy  In c. Ch airma n C huck
Wa tson saidhewo uld rather t a ke  over an E nro n pipeline t han  get
b ac k t h e $1. 5 b illio n inve s tmentthat enti tl e s Dyne g y to th e li ne.
     Watson said Dy n egy expects to  takeov e ro p era tio n of the
1 6, 500-m i le Nort h er n N atu r al pipeline s ystem by De c . 1 9.
Che vr onT e xaco C orp.,  w h ich  owns 26 pe rcen t of Dyne gy, ga v e Enron $1.5 bi lliontohel p th e  c as h-s tr a ppe d  c omp a nystay inbu si ness. 

 T h e in ves tmen t, pa rt of Dynegy' s p lant o b uy En ron,wasba ckedby the  Nort he rn Natural syst em.Dynegy ba cke dout  o f the merger 
ye ste rday, a nd said itwo u l d  e xercise its rightto t ak e over t he
lin e .
   Watso nsai d he h opesthat No rthern N atural em pl oyees w il l
cont in uetoopera t e th e pipe line aft er Dy n egy takes owne r ship.


Itali a nB a nk s  Fal l o n Concern A bout Enro n Ex p os ure (Upda te2)20 0 1- 1 1-29 14:20 (New Yor k) 

Ital ian B anks Fall onConcern Ab o u t  Enron E xpos u re (Update2)

    (Cl oses share s  in seco nd pa ragraph;  adds ana l y st comme ntfro m
e igh t h ,estimates ofe x posu re  in 10t h.) 

    Mil an,  No v.29  (Bloombe rg) -- I nt es aB ci  Sp A and UniCredi to 
It al ian o SpA shares  fell  onin ve s tor s' conc e rn t hatIt al ianban ks 
maynotr eco up mone y lent to  un i ts o fEn ron Cor p. if the lar ge st
U.S. en er gytrader g oes bank rupt.

     IntesaBci,I taly'sbig gestbank , fell 2. 4 p ercent  to 2.75
e uros w hileUn iCr e d ito,t h eNo.  2  lender, l o s t 1 .9 pe rc entto 4.24 
euros. Banca Nazi o nal e del LavoroSpA , th e na tio n 's six th - lar g e st
bank, droppe d 1.4 perc en t  t o 2.55.

  `` The the me of t he da y  is tosell bank s because  t heya r e
e xposed toEnron,''  said Dan i ele S a va re, w hohelpsma nag e 120 
milli o n e uros($106mi llion)  at B ip ielle As set Management. ``In
so me cas es, t hereactionmay bea bit ove rdon e.''

    Dy neg y Inc . y e sterd ay a b an don e d its 

2001-11-29 14:56_(New York)

Dynegy_CEO Says He'd Rather_Have Enron_Pipeline_Than $1.5_Bln

_  _ Houston, Nov._29, (Bloomberg) -- Dynegy_Inc. Chairman Chuck
Watson_said_he would rather take over an Enron pipeline than get
back the $1.5 billion investment_that_entitles Dynegy_to_the_line.

    _Watson said Dynegy expects to_take over_operation of the
16,500-mile Northern Natural pipeline system by_Dec._19.
ChevronTexaco Corp., which_owns 26 percent of Dynegy, gave Enron
$1.5 billion to_help the cash-strapped company stay in_business.

  __The_investment, part of Dynegy's_plan to buy Enron, was backed
by_the Northern Natural system. Dynegy backed_out of the merger
yesterday, and said it_would exercise its right to take_over the
line.

   _ Watson_said he hopes that Northern_Natural employees will
continue_to operate_the pipeline after_Dynegy takes ownership.


Italian Banks Fall on_Concern About Enron_Exposure (Update2)
2001-11-29 14:20 (New York)

Italian Banks_Fall_on Concern About_Enron_Exposure_(Update2)

 _  _(Closes_shares in_second_paragraph; adds analyst comment from
eighth, estimates_of_exposure in 10th.)

    _Milan, Nov. 29 (Bloomberg)_--_IntesaBci SpA and UniCredito
Italiano_SpA shares fell on investors'_concern that Italian banks
may not recoup_money lent_to units_of Enron Corp. if the largest
U.S. energy trader goes bankrupt.

 _   IntesaBci, Italy's biggest_bank, fell 2.4 percent_to 2.75
euros_while_UniCredito, the No._2_lender, lost_1.9 percent to 4.24
euros. Banca Nazionale del_Lavoro SpA,_the nation's sixth-largest
bank, dropped 1.4 percent_to 2.55.

  __ ``The theme of the day_is to sell banks because they_are
exposed to Enron,'' said Daniele_Savare,_who_helps manage 120
million euros ($106_million) at Bipielle Asset Management. ``In
some_cases, the reaction_may be a bit overdone.''

  __ Dynegy Inc. yesterday abandoned its