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ENRON TO CONTINUE REPURCHASING COMMON STOCK

 ENRON TO CONTINUE REPURCHASING COMMON STOCK
 HOUSTON, Jan. 9 /PRNewswire/ -- Enron Corp. (NYSE: ENE) announced


today that it has been authorized by the executive committee of the board of directors to repurchase up to 2 million shares of the company's common stock in open market transactions throughout 1992 and beyond. The repurchases will be made under Enron's existing stock repurchase program, which was authorized by the board in 1986.
 "We continue to believe that the current price of Enron stock is a very attractive value and plan to take advantage of this by repurchasing shares," said Kenneth L. Lay, chairman and CEO of Enron Corp. "We plan for purchases to be made from cash flow that is in excess of Enron's planned capital expenditures, net debt retirements and dividend payments, Lay added.
 "Enron's fundamentals are very strong and we remain fully committed to achieving at least our previously announced earnings targets of $2.11 per share (post split) in 1991 and 20 and 15 percent growth targets for 1992 and 1993, respectively," Lay noted.
 Enron Corp., America's leading natural gas company with approximately $13 billion in annual revenues and $10 billion in assets, operates the nation's largest natural gas transmission system; markets natural gas, 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 United States and the United Kingdom, with extensive experience in combined heat and power installations; and is a leading non-regulated purchaser and marketer of long-term natural gas commitments.
 -0- 1/9/92
 /CONTACT: Diane Bazelides, 713-853-6285, E.P. Segner, 713-853-5299, or Paula Rieker, 713-853-5981, all of Enron/
 (ENE) CO: Enron Corp. ST: Texas IN: OIL SU:


CK -- NY033 -- 8185 01/09/92 11:29 EST
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Publication:PR Newswire
Date:Jan 9, 1992
Words:313
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