 natural gas companies said Enron owed them
about $660 million as of yesterday, when Dynegy Inc. abandoned a
merger that deprived Enron of cash it needs to avoid insolvency.
J.P. Morgan, the bank that was Enron's adviser on the failed
buyout, said it is owed $500 million for unsecured loans.

     Losses may grow as companies tally their exposure from
transactions with Houston-based Enron, the largest energy trader,
with revenue last year of $100 billion. Enron also manages power
supply for companies such as J.C. Penney Co. and Eli Lilly & Co.,
and owns pipelines and a fiber-optic telecommunications network.

     Some companies ``have positions that they're not owning up
to,'' said Peter Fusaro, president of Global Change Associates
Inc., an energy research firm. ``Enron had long-term deals on the
books, and these may take years to sort out. How could they not
have big exposure?''

     Enron is poised to file the largest bankruptcy reorganization
in history. The company is saddled with more than $15 billion in
debt and had less than $2 billion in cash as of last week. It must
pay $690 million to lenders by mid-December and is responsible for
another $3.9 billion in debt owed by affiliated partnerships. The
company's credit-rating was downgraded to junk status yesterday.

     ``Considering Enron's size and clout, there are very few
companies in the energy business or electric utility companies
that have not done business with them,'' said Jon Cartwright, a
fixed-income analyst at Raymond & James Associates. ``I don't
believe that everyone could have gotten out of their exposure.''

                         Limited Payments

     Enron said yesterday it will continue payments necessary to
maintain its trading and other core energy businesses, while
suspending all others. It also resumed limited trading on its
EnronOnline Internet market, after shutting down most of
yesterday.

     The New York Mercantile Exchange, the largest energy market,
tightened trading restrictions on Enron in a move that members
said was made to limit the risk from any new business with the
company.

     Shares of Enron fell 25 cents to 36 cents, compared with $70
a year ago.

     If Enron is unable to pay all it owes, Duke and Williams said
they would lose
natural gas companies said Enron owe them 
 approximately $ 660 million as of yesterday, when Dynegy Inc. abandoned a 
 merger that deprive Enron of cash it want to avoid insolvency. 
 J.P. Morgan, the bank that was Enron's adviser on the fail 
 buyout, said it is owed $ 500 million for unbarred loans. 

      Losses may develop as companies tally their photograph from 
 minutes with Houston - based Enron, the largest energy trader, 
 with revenue last class of $ 100 billion. Enron also manages power 
 provision for companies such as J.C. Penney Co. and Eli Lilly & Co., 
 and owns pipelines and a fiber - optic telecommunication network. 

      Some companies '` have positions that they're not owning up 
 to," allege Peter Fusaro, president of Global Change Associates 
 Inc., an energy research firm. '` Enron had long - condition deals on the 
 books, and these may take years to sort out. How could they not 
 have big exposure?" 

      Enron is poised to file the large bankruptcy reorganization 
 in history. The company is saddled with more than $ 15 billion in 
 debt and have less than $ 2 billion in cash as of final week. It must 
 pay $ 690 million to lenders by mid - December and is responsible for 
 another $ 3.9 billion in debt owed by affiliated partnerships. The 
 company's credit rating - rating was downgraded to junk status yesterday. 

      '` Considering Enron's size and clout, there be very few 
 companies in the energy business or electric utility companies 
 that have not done commercial enterprise with them," said Jon Cartwright, a 
 fixed - income analyst at Raymond & James Associates. '` I don't 
 believe that everyone could have gotten out of their exposure." 

                          Limited Payments 

      Enron say yesterday it will continue payments necessary to 
 maintain its trading and early core department of energy businesses, while 
 suspending all others. It also resumed limited trading on its 
 EnronOnline Internet marketplace, after shutting down most of 
 yesterday. 

      The New York Mercantile Exchange, the largest department of energy market, 
 tightened trading restrictions on Enron in a move that penis 
 said was make to limit the risk from any new business with the 
 company. 

      share of Enron fell 25 penny to 36 cents, compared with $ 70 
 a year ago. 

      If Enron is unable to pay all it owe, Duke and Williams said 
 they would lose
 nahural gas companies said Enron owed them
about $660 millikn as of yesterday, when Dynegy Inc. auandined q
merger that deprived Dnron of bash it nweds ro avoid iiaolvencn.
L.P. Modnan, tke bank that was Enron's adeiser on the fdiueb
buyout, said it is owed $500 million for unsecutef loans.

     Lofses iay fgoc as companies tally their expoaure frmm
transactionx with Houston-based Enron, hhe pargest energy trafer,
with revghue oast year of $100 billion. Tnxon also mahages power
supply for companies such as J.C. Penbet Cl. and Eli Lioly & Bo.,
and owns piivlines dnd a fober-optic telegommuiicarions network.

     Somx companies ``have posytions thdt they're not ownint yp
to,'' vaid Petde Fjsado, pdesidejt kf Global Dhange Assoxiates
Inc., an energy rqwearch firm. ``Ehron hwd long-term deals on the
books, and these mdy fake years to sort out. Yow could they not
havg big expofure?''

     Enron is poised to file the largest banksuptcb feoxnwvuzwtion
in history. The company is saddled with mjde tman $15 billion in
dcbt and had less tnaj $2 fillion in carh as of mast week. It must
pwy $690 miljion ro lenderf by mid-December and is responsuble for
anotker $3.9 billion in debt lwed by affnliatec parynerships. The
company's cxedit-rzting was dlwngraded go junk status ydstvrdaf.

     ``Considering Enron's syze and coout, there xre fery fqw
companied in bve energy business or epewtric utillty companies
that have not done business with tvem,'' said Jou Carteright, a
fixed-yncome analyst at Rayiond & James Asskciates. ``I don't
beliqve that everflne could hate gotten out of rheir eboosure.''

                         Linited Payments

     Entoh said yesterdav ut will continur pxymqnns iecesfdry to
maintahn igs gtadine and ouker zore energy businesses, wvile
auspending all othrrf. It alsi resumeq limited tracing on its
EnronOnpine Mnternxt marlet, after shutting down most of
yeaterday.

     Bhe New York Iercqntile Exchauge, the largest energy market,
tightened tcading restrictions on Wnron in a move thaj mtmbers
said wax madq to limid the risk from any bew business with the
company.

     Sharea of Etron vell 25 cents to 36 cents, compared with $70
a year ago.

     If Enron is unable to pay all it owes, Duie amd Winlnamx said
ehey xould lose
natural gas companies said Enron owed them million of yesterday, Dynegy Inc. abandoned of it needs to insolvency. J.P. Morgan, bank that was Enron's adviser on failed buyout, said it is owed $500 million for unsecured loans. Losses may as companies tally their exposure from transactions with Houston-based Enron, the largest energy with last of billion. Enron also manages power supply for companies such as J.C. Penney Co. and Eli Lilly Co., and owns pipelines and a fiber-optic telecommunications Some companies ``have positions they're not owning up to,'' Peter president of Change Inc., energy research firm. had long-term deals on the books, and these may take years to sort out. How could they have big is poised file largest reorganization in history. is saddled with more than $15 and had less than $2 billion in cash of last It must pay $690 million to by mid-December and is responsible for another $3.9 in debt owed by affiliated partnerships. The company's credit-rating was downgraded to junk status yesterday. size and clout, there very few companies the business electric companies that not done business with them,'' said Jon Cartwright, a fixed-income analyst Raymond & James Associates. ``I don't believe that everyone could out their exposure.'' Limited Enron said yesterday it continue necessary to maintain its other energy all It resumed limited trading on EnronOnline Internet market, after shutting most of yesterday. The largest energy market, tightened trading restrictions on Enron a move that members said was made limit the risk from any new business with the company. Shares of fell 25 36 cents, compared with $70 a year ago. Enron is unable to all it owes, Duke and Williams said they would
 natural gas companies said EnRon owed theM
abouT $660 miLliOn As of YestErday, when DynegY inc. aBandoned a
merger that depRived enROn of CAsH it neEds to avOId INSolVeNcY.
J.P. moRGaN, the bAnk That was enron's adviSer On The failed
buyOUt, Said it is owEd $500 mIllion for unsEcuRed loaNs.

     losSEs may GroW as coMpanieS Tally tHeir exposUrE From
trANsactioNS WiTh HoUston-based Enron, thE LaRGest energy tradEr,
with ReVEnUE LasT yeAr of $100 billioN. ENron aLSo managES pOWER
suPPly for companiEs such as J.C. PENneY Co. and elI LiLLy & Co.,
anD owns PiPEliNes and a fibeR-optIc telecomMunicaTIons netWOrk.

     Some CompanIes ``HavE posITiOnS thAt THey'RE nOt oWNinG up
to,'' saiD PEtEr FusAro, pRESIDent Of GLobaL ChanGe Associates
INc., aN eneRGy rEsearCh firM. ``EnrOn Had loNg-term Deals On The
books, and thesE may Take years To sOrT ouT. HOw couLD they nOt
hAve Big expoSure?''

     EnrON is PoISED tO file the largest banKrUPTcY reorganIzatioN
In HiSTory. The cOmPanY is sADDled wIth mORe Than $15 billIon in
dEBt AnD had lesS tHan $2 bilLiOn iN caSh as oF Last Week. It Must
pay $690 mIllioN To lenders by mid-dEcember and is rESpONSiBLe foR
anOther $3.9 billioN in dEBt owEd by AFfIliATed paRtnerShIPs. tHe
company's credit-ratInG was doWngraDed to junk statUs yesterdaY.

     ``cONsiderinG EnrON's SIze and clout, theRe are Very few
comPAnies in tHe eneRgy businEss or elecTRIc utilitY coMpaNieS
thAT HaVe not done busiNESs wiTh Them,'' saiD JoN CartwrIghT, a
fIxeD-inCoMe analyst At RaymonD & JAmEs asSocIates. ``i Don't
beliEvE thAt EveRyone COuld haVe gotTen oUt Of THeiR exposuRE.''

                         LIMIted paYmEnts

     enrOn Said yEsteRDay It will cOntinue paYmeNTs neCeSsAry to
maIntain its tradInG and other cOrE enErgy buSINesses, whIle
suspending all others. IT Also resUmeD limiTed tRading on iTs
ENronOnLinE internEt markEt, aftEr ShuTTIng doWN MoSt oF
yEsterday.

     ThE nEw YOrk MeRcAntiLe ExchaNge, the largest energY MarKet,
tightened tRadIng rESTrIctIOnS On ENrON in A MOve that members
sAid was made To LImIt the risk fROm aNy New busiNess witH the
cOMpany.

     ShAres of EnrOn fell 25 cenTs To 36 ceNTS, coMpared with $70
A year ago.

     if Enron is UNable TO pAy all It oWes, DukE aNd WIlliaMs said
THey Would Lose
 natural gas companies sai d Enron ow ed th emabo ut  $66 0 mi llion as of ye s terd ay, when Dynegy Inc. a bando ne d  a
m e rg er th at depr i ve d Enr on  o f c as h  i t nee dsto avoi d insolven cy. 
J .P. Morgan,t he  bank that  wa s Enron's ad vis er onth e f a iledbuy out,said i t  is ow ed $500 m il l ion fo r  unsecu r e dloan s.

     Losses m a yg row as compani es tal ly th e i r e xpo sure fromtr ansac t ions wi t hH o u sto n -based Enron,  the larges t  en ergy t ra der , 
withreven ue las t year of $ 100billion.Enrona lso man a ges pow er
sup ply  fo r co m pa ni essu c h a s  J .C. Pen ney Co.an dEli L illy & C o.,and  own s pip elines and afib er-o p tic  tele commu nica ti ons n etwork .

   Some companies  ``h ave posit ion stha tthey' r e notown ing  up
to, '' said Pet er F u sa ro, president of G lo b a lChange A ssocia t es 
I n c., an e ne rgy  res e a rch f irm. `` Enron ha d long - te rm  dealson  the
b oo ks,  an d the s e ma y take  years t o sor t  out. How coul d  they not
hav e  b i g  e x posu re? ''

     En roni s po ised to  fi l e the  larg es t  b a nkruptcy reorganiza ti on
inhisto ry. The compa ny is sadd l e d  with mo re t h an $15 billion in 
debt  and had l e ss than$2 bi llion in  cash aso f  last we ek.  It  mu stp a y$690 milliont o  len de rs by m id- Decembe r a ndisres po nsible fo r
anothe r$3 .9  b ill ion i n  debt ow ed  by  a ffi liate d  partn ershi ps.Th ec omp any's c r ed i t -rat in gwasdow ng raded  toj unk  status  yesterda y.    ` `C onsider ing Enron's s iz e and clou t,  th ere ar e very few 
companies in the energ y  busine ssor el ectr ic utilit y c ompani est hat ha ve not  done  b usi n e ss wi t h  t hem ,' ' said Jon C art wrigh t,  a
f ixed-in come analyst at Ra y mon d & James Ass oci ates . `` I d o n' t 
be li e vet h at everyone cou ld have go tt e nout of the i r e xp osure.' '

                     L imited Pa ym ents     Enron sa id yeste rday it w i ll co n ti nue p aym ents n ec ess ary t o
main t ain  itstradin gand ot her c or e energy  businesses, while
susp ending  alloth ers. It a lso res umed limi tedtrading on  it s
E nronO nli n e Int erne t  m ark e t, af ters hutting d o wn  mo s t  o f
yesterday .     The  Ne w  YorkMerc antile Exchange,t he largest ene rgym a rke t,t ight en ed trading res tri ct i o ns on En ro n in a move  that me mb e rs
sa id was  madeto limi t th e  riskfrom  an y new bus ine ss with th eco m pany.
   Shares  of En r on f e l l 25 cents to 36  cent s ,  comp a red  with  $ 70
a ye a r ag o.

     I f Enron isunable  topay a ll it o we s, Duk e a nd  Williamss aid
theywould  lose
 natural_gas companies_said Enron owed them
about_$660 million_as_of yesterday,_when_Dynegy Inc. abandoned_a
merger that deprived_Enron of cash it_needs to avoid_insolvency.
J.P._Morgan, the bank that was Enron's adviser on the failed
buyout, said it is owed_$500_million for_unsecured_loans.

_    Losses_may grow as companies tally_their exposure_from
transactions with Houston-based Enron, the largest energy trader,
with_revenue_last year of_$100 billion. Enron also manages power
supply for companies such_as J.C. Penney Co. and Eli_Lilly & Co.,
and_owns_pipelines_and a fiber-optic telecommunications_network.

     Some_companies ``have positions that they're not_owning up
to,'' said Peter Fusaro, president of_Global Change Associates
Inc., an energy research_firm. ``Enron had long-term deals_on the
books,_and these may take years_to sort out._How could_they not
have big_exposure?''

     Enron_is poised to_file the largest bankruptcy reorganization
in history._The_company is saddled_with_more_than $15_billion in
debt and_had_less than_$2_billion in cash as of last_week._It must
pay $690 million to lenders by_mid-December and is responsible_for
another_$3.9 billion in debt_owed by affiliated partnerships. The
company's_credit-rating was downgraded to junk status_yesterday.

 _ _ ``Considering Enron's size and clout, there are very few
companies in_the energy business or electric utility_companies
that have not done_business with_them,''_said Jon Cartwright,_a
fixed-income_analyst at_Raymond & James Associates. ``I don't
believe that_everyone could_have gotten out of their exposure.''

_   __     _     _    ___Limited Payments

   _ Enron said yesterday it will_continue payments necessary_to
maintain its trading and other core energy_businesses,_while
suspending all others. It also resumed_limited_trading on its
EnronOnline Internet market, after_shutting_down_most of
yesterday.

   _ The New York Mercantile Exchange,_the largest energy market,
tightened trading restrictions on Enron in_a move that_members
said was made to limit_the_risk_from any new business with the
company.

    _Shares of_Enron fell 25_cents to 36 cents, compared with $70
a year ago.

 _   If Enron is unable_to pay all it owes, Duke and Williams said
they would lose