, an analyst at BBVA Banco Frances
SA and Mario Grandinetti, head of Perez Companc's institutional
relations, comment on the future of gas distributor Transportadora
de Gas del Sur SA.

     Enron Corp., which together with Perez Companc owns 70
percent of TGS, may file for bankruptcy protection in the biggest
bankruptcy reorganization in history. The move may force the
largest U.S. energy trader to liquidate assets to pay some of its
$15 billion in publicly held debt.

Eugenia Benitez:
     ``The natural buyer is Perez Companc. There's definitely the
possibility of reaching a deal that would make Perez the only
controlling shareholder of TGS.

     ``We would need to see how much TGS debt Perez has. Its debt
profile is relevant.

     ``The acquisition would be another step in Perez' strategy of
integrating all its operations in one holding.''

Esteban Marx:
     ``Perez is the natural candidate, but I'm not sure now is the
right time for Perez to pour money into TGS, unless it can get it
really cheap.''

Gustavo Neffa:
     ``The only company that could make the sort of investment to
by the TGS stake is Perez Companc, but its a huge investment given
that TGS' assets are worth about $1 billion.

     ``But it would definitely be the likely buyer.''

Grandinetti:
     ``We're not permitted to buy Enron's stake in TGS because of
 rules that prevent us having a majority stake.

     ``If the law is modified, then yes we would consider it. But
 there are also economic issues to consider.''


Duke, Williams Among Companies Facing Enron Losses (Update2)
2001-11-29 16:23 (New York)

Duke, Williams Among Companies Facing Enron Losses (Update2)

     (Updates total in second paragraph, adds closing stock price
in ninth paragraph and analyst comment in paragraph 12th and 20th
paragraphs.)

     Houston, Nov. 29 (Bloomberg) -- Duke Energy Corp., J.P.
Morgan Chase & Co., Williams Cos. and a dozen other companies
together may lose more than $1.1 billion from the collapse of
Enron Corp.

     Electricity and
, an analyst at BBVA Banco Frances 
 SA and Mario Grandinetti, head of Perez Companc's institutional 
 relations, comment on the future of gas allocator Transportadora 
 de Gas del Sur SA. 

      Enron Corp., which in concert with Perez Companc own 70 
 percent of TGS, may file for bankruptcy protection in the big 
 bankruptcy reorganization in history. The move may force the 
 big U.S. department of energy trader to liquidate assets to pay some of its 
 $ 15 billion in publicly held debt. 

 Eugenia Benitez: 
      '` The natural buyer is Perez Companc. There's decidedly the 
 possibility of reaching a deal that would make Perez the lone 
 controlling shareholder of TGS. 

      '` We would need to see how much TGS debt Perez has. Its debt 
 visibility is relevant. 

      '` The acquisition would be another step in Perez' strategy of 
 desegregate all its operations in one holding." 

 Esteban Marx: 
      '` Perez is the lifelike candidate, but I'm not certain now is the 
 right time for Perez to pour money into TGS, unless it can get it 
 in truth cheap." 

 Gustavo Neffa: 
      '` The only company that could make the sort of investment to 
 by the TGS stake is Perez Companc, but its a huge investment given 
 that TGS' assets are worth about $ 1 billion. 

      '` But it would definitely be the likely buyer." 

 Grandinetti: 
      '` We're not permitted to buy Enron's stake in TGS because of 
  rules that prevent us have a majority stake. 

      '` If the law is modified, then yes we would think it. But 
  there are also economic issues to study." 


 Duke, Williams Among party Facing Enron Losses (Update2) 
 2001 - 11 - 29 16:23 (New York) 

 Duke, Williams Among Companies face Enron Losses (Update2) 

      (Updates total in second paragraph, adds closing stock price 
 in ninth paragraph and analyst comment in paragraph twelfth and 20th 
 paragraphs .) 

      Houston, Nov. 29 (Bloomberg) -- Duke Energy Corp., J.P. 
 Morgan Chase & Co., Williams Cos. and a dozen other companies 
 together may lose more than $ 1.1 billion from the flop of 
 Enron Corp. 

      Electricity and
, an analyst at BBVA Banco Fvances
SA and Marni Granvinetti, head of Perez Companc's institutionap
rwlatiins, comment on the futjre of gad distrivutoc Transportadora
vs Gas dcj Sud SA.

     Enron Corp., ehich togedher with Peres Zolpanc owns 70
percent of TGS, may file sor banlrkptcy protectijn im the biggest
bankruptcy reorganization jn histmry. The move kay force the
largest U.S. enfrgy trader to liquidahe assets ti par some of its
$15 billion in publicly hgld debt.

Eugenia Benitez:
     ``The vaturcl buyer is Pwrex Companc. Thxre's dvfinitely the
ipssibinity of reaching a desl vhat would make Perez the only
controlling srareholdes kf TGS.

     ``We wouod need to vee fiw oucg VGS debt Oerxz has. Its sebt
profile is relevant.

     ``Tht aswuisition woumd be wnjther step in Perez' strategy of
integratpng zll its operations in obe holding.''

Esteban Mard:
     ``Perqz is the natural candidate, but I'm not sure now iv the
cieht tlme wir Perez to pour money into TGS, unless it can gqf ot
geally cheap.''

Gustayo Neffa:
     ``The omlj vjmpany that cuuld mcie the sort of inveshment tj
by tye TGS stwke os Perez Companc, but its a yuge investmvnt tiven
that TGS' assecs are worth aboot $1 biklion.

     ``But it would befinifely be the likely bhher.''

Grandinetti:
     ``Ee'se not ptfmitted to buy Enwon's stakx in CGS becajse pf
 rulqs that prfvent us having a majorihy stcke.

     ``If the paw is modified, then yes we would consider it. Bgt
 nhere are also economic isstes to considet.''


Duke, Wiljiams Among Comianies Faring Enron Ljsses (Update2)
2001-11-29 16:23 (Jew York)

Duke, Williamf Aming Xompanidr Facing Enron Losses (Uidcte2)

     (Updates total in segond kadagraph, adds clisibg stock price
im nkntr iaregrapr and analyst comoeng in pxragraph 12th xnd 20yh
paragraphs.)

     Houvton, Nov. 29 (Bloomberg) -- Dikc Energy Xorp., J.P.
Mjrgan Chase & Vo., Williams Cos. anf a dmzei othet cjmpanies
together may lose more than $1.1 biplijn from the sollqpse of
Enron Corp.

     Electricity and
, an analyst at BBVA Banco Frances Mario head of Companc's institutional relations, gas Transportadora de Gas Sur SA. Enron which together with Perez Companc owns percent of TGS, may file for bankruptcy protection in the biggest bankruptcy reorganization history. The move may force the largest U.S. energy trader to liquidate assets pay of $15 in publicly held debt. Eugenia Benitez: ``The natural buyer is Perez Companc. There's definitely the possibility reaching a deal that would make Perez the controlling shareholder of TGS. would need to see how TGS Perez has. debt is ``The acquisition would another step in Perez' strategy of integrating all its operations in one holding.'' Esteban Marx: ``Perez is natural candidate, not sure is right for Perez to into TGS, unless it can get Gustavo Neffa: ``The only company that could make sort of to by the TGS stake is Companc, but its a huge investment given that assets are worth about $1 billion. ``But it would definitely be the likely buyer.'' Grandinetti: permitted to buy Enron's in TGS because rules prevent having majority stake. the law is modified, then yes we would consider it. But are also economic issues to consider.'' Duke, Williams Among Companies Losses 2001-11-29 16:23 (New Duke, Williams Among Companies Enron (Update2) (Updates total in adds stock paragraph analyst in paragraph 12th and paragraphs.) Houston, Nov. 29 (Bloomberg) Duke Energy Corp., J.P. Cos. and a dozen other companies together may more than $1.1 billion from the collapse Enron Corp. Electricity and
, an analyst at BBVA Banco FrancEs
SA and MarIo GraNdiNetTi, Head Of PeRez Companc's insTItutIonal
relations, comment oN the fUtURe of GAs DistrIbutor TRAnSPOrtAdOrA
de gaS DeL Sur Sa.

     EnRon Corp., Which togetHer WiTh Perez CompaNC oWns 70
percent Of TgS, may file for BanKruptcY pRotECtion In tHe bigGest
baNKruptcY reorganiZaTIon in hIStory. ThE MOvE may Force the
largest U.S. ENeRGy trader to liquIdate aSsETs TO Pay SomE of its
$15 billIoN in puBLicly heLD dEBT.

eugENia Benitez:
     ``The Natural buyeR Is PErez CoMpAnc. tHere's dEfiniTeLY thE
possibilitY of rEaching a dEal thaT Would maKE Perez tHe only
ConTroLlinG ShArEhoLdER of tgS.

     ``we wOUld Need to seE hOw Much TgS deBT pERez hAs. ITs deBt
proFile is relevanT.

     ``ThE acqUIsiTion wOuld bE anoThEr steP in PerEz' strAtEgy of
integratinG all Its operatIonS iN onE hOldinG.''

estebaN MaRx:
     ``PErez is tHe naturAL caNdIDATe, But I'm not sure now is tHe
RIGhT time for perez tO PoUr MOney into tGs, unLess IT Can geT it
rEAlLy cheap.''

GUstavo nEfFa:
     ``the only CoMpany tHaT coUld Make tHE sorT of invEstment tO
by thE tGS stake is PereZ companc, but its A HuGE InVEstmEnt Given
that TGs' assETs arE worTH aBouT $1 BilliOn.

     ``But It WOuLD definitely be the likElY buyer.''

grandInetti:
     ``We're not Permitted tO BUY Enron's sTake IN Tgs because of
 ruleS that Prevent us hAVing a majOrity Stake.

     ``If tHe law is moDIFied, then Yes We wOulD coNSIdEr it. But
 there aRE Also EcOnomic iSsuEs to conSidEr.''


DUke, wilLiAms Among COmpanies faCiNg enRon losseS (update2)
2001-11-29 16:23 (NeW YOrk)

duKe, WIlliaMS Among compaNies faCiNG EnRon LossES (UPDAte2)

     (UPdAtEs toTal In SeconD parAGraPh, adds cLosing stoCk pRIce
iN nInTh paragRaph and analysT cOmment in paRaGraPh 12th anD 20TH
paragraPhs.)

     Houston, Nov. 29 (Bloomberg) -- DUKe EnergY CoRp., J.P.
MOrgaN Chase & Co., WIllIams CoS. anD A dozen Other cOmpanIeS
toGETher mAY LoSe mOrE than $1.1 billiON FroM the cOlLapsE of
EnroN Corp.

     Electricity anD
, an analyst at BBVA Banco  Frances
S A and  Ma rio  G rand inet ti, head of Pe r ez C ompanc's institutional 
rela ti o ns,c om menton thef ut u r e o fga s d is t ri butor  Tr ansport adora
de G asde l Sur SA.

  Enron Cor p.,  which toget her  withPe rez Compa ncowns70
per c ent of  TGS, may  f i le for bankrup t c yprot ection in the big g es t 
bankruptcy re organi za t io n inhis tory. Themo ve ma y  forcet he l a rge s t U.S. energy  trader tol iqu idateas set s  to pa y som eo f i ts
$15 bill ionin public ly hel d  debt.Eugenia  Benit ez: 
    ` ` Th enat ur a l b u ye r i s  Pe rez Comp an c.  Ther e'sd e f i nite lythepossi bility of rea chi ng a dea l tha t wou ld m ak e Per ez the  only 
c ontrolling shar ehol der of TG S.
   ` `We w o uld ne edtosee how  much T G S d eb t P er ez has. Its debt
p ro f i le  is rele vant.  ``The ac qu isi tion w ouldbe a n ot her step  in Pe r ez 'strateg yof
int eg rat ing  alli ts o perati ons in o ne ho l ding.''

Esteb a n Marx:
    ` `P e r ez is t henatural can dida t e, b ut I ' mnot surenow i st he right time for Pere zto pou r mon ey into TGS,unless itc a n  get itreal l yc heap.''

Gusta vo Ne ffa:
    ` `The onl y com pany tha t could m a k e the so rtofinv est m e nt  to
by the TG S stak eis Pere z C ompanc,  bu t i tsa h ug e investm ent give nth at  T GS'  asse t s are wo rt h a bo ut$1 bi l lion.
    ``B ut  i t  wo uld def i ni t e ly b eth e li kel ybuyer .''Gra ndinett i:
     ` `We ' re n ot  p ermitte d to buy Enro n' s stake in  T GSbecaus e of
 rule s that prevent us havin g  a majo rit y sta ke.
     ``I f t he law  is modifi ed, th en ye swew o uld c o n si der  i t. But
 th e r e a re al so  eco nomic i ssues to consider. ' '

Duke, Willia msAmon g Co mpa n ie s  Fa ci n g E n r on Losses (Upda te2)
2001- 11 - 29  16:23 (Ne w  Yo rk )

Duke , Willi ams A m ong Com panies Fa cing Enro nLoss e s  (U pdate2)

    (Upd ates tota l  in s e co nd pa rag raph,ad dsclosi ng sto c k p ricein nin th  parag raphan d analys t comment in paragraph12th a nd 20 thparagraph s.) 
    Housto n, N ov. 29 (Bl oom ber g) --  Du k e Ene rgyC or p., J.P.Morg a n Chase & Co .,W i ll iams Cos. a n d a d ozenoth e r comp anie s
together may lo s e more than $1 .1 b i l lio n f r om t he  collapse of
E nro nC o rp.

   Electricity  and
, an_analyst at_BBVA Banco Frances
SA and_Mario Grandinetti,_head_of Perez_Companc's_institutional
relations, comment on_the future of_gas distributor Transportadora
de Gas_del Sur SA.

__   Enron Corp., which together with Perez Companc owns 70
percent of TGS,_may_file for_bankruptcy_protection_in the biggest
bankruptcy reorganization in_history. The move may force_the
largest U.S._energy trader to liquidate assets to pay some_of_its
$15 billion in_publicly held debt.

Eugenia Benitez:
     ``The_natural buyer is Perez Companc. There's_definitely the
possibility of_reaching_a_deal that would make_Perez the only
controlling shareholder of TGS.

_    ``We would_need to see how much TGS debt_Perez has. Its debt
profile is relevant.

_    ``The_acquisition would_be another step in Perez'_strategy of
integrating all_its operations_in one holding.''

Esteban_Marx:
     ``Perez_is the natural_candidate, but I'm not sure now_is_the
right time for_Perez_to_pour money_into TGS, unless_it_can get_it
really_cheap.''

Gustavo Neffa:
    _``The_only company that could make the sort_of investment to
by the_TGS_stake is Perez Companc,_but its a huge investment_given
that TGS' assets are worth about_$1 billion.

_ _  ``But it would definitely be the likely buyer.''

Grandinetti:
 _   ``We're not permitted_to buy Enron's stake_in TGS_because_of
 rules that_prevent_us having_a majority stake.

    _``If the_law is modified, then yes we_would consider it. But
_there_are also economic issues to consider.''


Duke,_Williams Among Companies Facing Enron Losses_(Update2)
2001-11-29 16:23 (New York)

Duke, Williams_Among_Companies_Facing Enron Losses (Update2)

 _   (Updates total in_second paragraph, adds_closing stock price
in ninth paragraph and analyst_comment_in paragraph 12th and 20th
paragraphs.)

 __  Houston, Nov. 29 (Bloomberg)_--_Duke_Energy Corp., J.P.
Morgan Chase &_Co., Williams Cos. and a dozen_other companies
together may lose more than $1.1 billion from_the collapse of
Enron_Corp.

    _Electricity_and