Shore

Enron Energy Services continues its quest to shore up energymanagement agreements with as many customers as it can. On theheels of an announcement Tuesday that it had signed a 10-yearagreement with Prudential Insurance of America, the Enron Corp.subsidiary announced Wednesday that it had pocketed a $1 billion,10-year energy agreement with the U.S. facilities of QuebecorWorld, the world’s largest commercial printer. The agreementexpands Enron’s original $250 million five-year contract with WorldColor Press, signed in 1998. World Color Press was purchased byQuebecor Printing Inc. last August.

Enron Energy Services continues its quest to shore up energymanagement agreements with as many customers as it can. On theheels of Tuesday’s announcement that it had signed a 10-yearagreement with Prudential Insurance of America, the Enron Corp.subsidiary announced yesterday that it had pocketed a $1 billion,10-year energy agreement with the U.S. facilities of QuebecorWorld, the world’s largest commercial printer. The agreementexpands Enron’s original $250 million five-year contract with WorldColor Press, signed in 1998. World Color Press was purchased byQuebecor Printing Inc. last August.

Just like a hurricane sends offshore rig crews to shore, atempest on the stock market can drive investors to the relativesafety of utility stocks. While many energy company stock pricesare buckling under the weight of the declining market, some utilitystocks are faring rather well, thank you. Duke Energy is anexample.