As early as today an announcement may be forthcoming that downtown Houston rival Dynegy Corp. may ride to the rescue of Enron Corp. in either a merger or a $2 billion cash infusion through its 27% shareholder ChevronTexaco. Several sources, including the The Wall Street Journal, report that the companies’ directors were in talks to work out a deal to revive Enron — still responsible for 25% of the energy trades made around the world. Neither Dynegy nor Enron would comment.
Downtown
Articles from Downtown
New Gas Lines Eye Los Angeles Industrial Complex
Located less than five miles from downtown Los Angeles, theindustrial city of Vernon sits as an attractive trophy for one oftwo proposed natural gas interstate pipelines. The business-focusedlocal government is finishing construction of a new municipal gasdistribution system that will compete with Southern California Gas’existing network. By next year, there will be duplicative gasdistribution systems operating.
April 5, 1999
LA Suburb Eyed by New Gas Lines
Located less than five miles from downtown Los Angeles, theindustrial city of Vernon sits as an attractive trophy for one ofthe two proposed natural gas interstate pipelines. Thebusiness-focused local government is finishing construction of anew municipal gas distribution system that will compete withSouthern California Gas’ existing network. By next year, there willbe duplicative gas distribution systems operating.
April 1, 1999
Enron Adding 40 Stories to Houston Landscape
Planning on growth of 20 to 30% to its Houston workforce by2001, Enron announced plans for a 40-story office tower on adowntown Houston city block adjacent to its existing 50-storytower. “In the past three years, we have experienced annualemployment growth of about 10%, and we expect this to continue intothe next century due to the strength of all our businesses,” saidCEO Kenneth L. Lay. “This new world-class building will allow us tobring in the latest technologies to support our businesses, and itwill assist us in recruiting and retaining the best and thebrightest employees.”
February 3, 1999
Water Main Break Causes MichCon Rupture
MichCon crews were working yesterday to restore gas service todowntown Detroit businesses and residents after the pressure of awater main break caused a nearby gas line to rupture. The ruptureoccurred at the corner of St. Antoine and Mullet Street, behind theFrank Murphy Hall of Justice at about 11 p.m. Saturday, causingwater to flood MichCon’s gas line.
December 15, 1998
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