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ENRON CORP. SIGNS ARRANGEMENT WITH FORMER SECRETARY OF STATE JAMES BAKER AND FORMER SECRETARY OF COMMERCE ROBERT MOSBACHER

 HOUSTON, Feb. 22 /PRNewswire/ -- Enron Corp. (NYSE: ENE) announced today that it has signed a joint consulting and investing agreement with former U.S. Secretary of State James Baker and former U.S. Secretary of Commerce Robert Mosbacher. Under the agreement, Baker and Mosbacher will assist Enron in its international natural gas projects.
 "We are delighted to have these two individuals, who have such a wealth of international experience, join us in the development of natural gas projects around the world," said Kenneth L. Lay, chairman and CEO of Enron Corp. "Although they will not lobby U.S. government agencies or officials and will not represent any foreign governments, their international business experience and knowledge of governments around the world as well as their great understanding of the energy business will greatly enhance Enron's goal of becoming the world's first natural gas major."
 Baker has held senior government positions under three U.S. presidents. In 1975 he served as former President Ford's Under Secretary of Commerce. During the Reagan administrations he served as White House Chief of Staff and Secretary of the Treasury. In addition to serving as Secretary of State under former President Bush, he also served as White House Chief of Staff and Senior Counselor to the president.
 Mosbacher served as Secretary of Commerce in the Bush administration from 1989 to early 1992. In 1992 he first served as general chairman of the Bush/Quayle campaign, and then as chairman - finance of the Republican National Committee. Since that time he has served as chairman of Mosbacher Companies. He is past chairman of the National Petroleum Council and the Mid-Continent Oil & Gas Association.
 Enron Corp., America's leading natural gas company with approximately $11 billion in assets, operates one of the largest natural gas transmission systems, totaling 43,000 miles worldwide; is the largest purchaser and marketer of long-term natural gas supplies in North America; markets natural gas liquids, MTBE and methanol worldwide; owns 80 percent of Enron Oil & Gas Company, one of the largest independent (non-integrated) natural gas exploration and production companies in the United States; and is one of the largest independent developers and producers of electricity in the United States and the United Kingdom, with extensive experience in combined heat and power installations. Enron Corp. is traded on the New York Stock Exchange under the ticker symbol "ENE."
 -0- 2/22/93
 /CONTACT: Diane Bazelides of Enron, 713-853-6285/
 (ENE)


CO: Enron Corp. ST: Texas IN: OIL SU: PER

GK -- NY060 -- 0036 02/22/93 13:25 EST
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Publication:PR Newswire
Date:Feb 22, 1993
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