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ENRON CHAIRMAN KEN LAY ENCOURAGES ELECTRIC GENERATORS TO CONSIDER CO2 EMISSIONS AS A PART OF CLEAN AIR ACT COMPLIANCE

 ENRON CHAIRMAN KEN LAY ENCOURAGES ELECTRIC GENERATORS


TO CONSIDER CO2 EMISSIONS AS A PART OF CLEAN AIR ACT COMPLIANCE
 HOUSTON, May 20 /PRNewswire/ -- In a speech before the National Clean Air Conference here today, Enron Corp. (NYSE: ENE) Chairman and CEO Kenneth L. Lay urged electric generators to plan beyond compliance required by the Clean Air Act and consider carbon dioxide emission controls in their future environmental planning.
 Lay observed that even though the current legislation does not include provisions to address carbon dioxide emissions, the Earth Summit next month in Brazil may leave in its wake an international framework which will create an impetus to reduce CO2 in the environment.
 Lay applauded the president's decision to attend the United Nations Conference on Environment and Development in Rio de Janeiro, as well as the agreement the administration has negotiated to establish a framework for voluntary stabilization of emissions that impact global warming.
 "We also support the president's preference for market-based public policy approaches as the most effective means to achieve his goals of robust economic growth and aggressive environmental protection," Lay added.
 "The fact that global warming and CO2 emissions will be the next environmental battleground suggests that electric generators currently in the process of developing compliance plans for phase I and phase II of the Clean Air Acts Amendments of 1990 should consider CO2 emissions in their planning process," Lay said.
 "Complying with the Clean Air Act by scrubbing coal emissions reduces a power generator's flexibility in responding to potential CO2 restrictions. We believe natural gas can be a major part of a package of emissions reductions which will preserve flexibility while offering power generators a "no regrets" alternative," he said. "Unfortunately, several coal producing states appear to be moving toward mandatory scrubbers," Lay added.
 Because natural gas-fired power generation reduces CO2 emissions by 58 percent compared to coal, a "no regrets" strategy based on natural gas co-firing, gas conversion or new gas-fired capacity would hedge the risk facing power customers resulting from potential future CO2 emissions limits or taxes, according to Lay.
 "The natural gas compliance "no regrets" option results in cheaper and cleaner power now, and insulates the power customer from potentially higher electricity prices in the future if CO2 emissions are restricted," Lay said.
 Through its new Enron Power Services, Inc., a unit of Enron Gas Services, Enron already is developing innovative solutions to Clean Air Act compliance and conversion issues in the power generation market. Enron Power Services was formed to develop products and services exclusively for this growing market. To meet the needs of utilities, the company offers a variety of flexible gas packages, including firm natural gas contracts for up to 15 years for specific volumes at predetermined or fixed prices.
 Enron Corp., America's leading natural gas company with more than $13 billion in revenues and about $10 billion in assets, operates the nation's largest natural gas transmission system; markets natural gas liquids, crude oil and refined products nationally and worldwide; owns 84 percent of Enron Oil & Gas Company, one of the country's largest independent (non-integrated) natural gas exploration and production companies; is one of the largest independent developers and producers of electricity in the U.S. and internationally, with extensive experience in combined heat and power installations; and is a leading non-regulated purchaser and long-term marketer of natural gas.
 -0- 5/20/92
 /CONTACT: Diane Bazelides of Enron, 713-853-6285/
 (ENE) CO: Enron Corp. ST: Texas IN: OIL SU:


SM -- NY103 -- 2514 05/20/92 17:11 EDT
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Date:May 20, 1992
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