September 7, 2006 

Houston – Enron Corp. announced today that it has completed the sale of 100% of the outstanding shares of Prisma Energy International Inc. to Ashmore Energy International Limited, which is majority-owned by funds managed by Ashmore Investment Management Ltd.  The first stage of the sales transaction closed in May 2006, with Ashmore Energy acquiring an equity stake in Prisma Energy, initially representing just less than 25% of the aggregate voting interest. In addition to amounts previously received at the first stage closing in May 2006, Enron received $462,600,000 in connection with this second stage closing, which amounts will be included in the next creditor distribution in October 2006. Enron expects to realize a total of approximately $2.9 billion from its ownership of Prisma Energy, including approximately $800 million in cash dividends received from Prisma Energy prior to the first stage closing.  

“We are pleased that this transaction is now completed and the expected value is over three times greater than the estimated value of Prisma Energy contained in the disclosure statement filed with Enron’s Bankruptcy Plan. This is an enormous milestone for the Enron Estate,” said John J. Ray III, Enron’s President and Board Chairman.  Prisma Energy was the last of the three major platform entities under the Bankruptcy Plan to be sold or distributed to Enron’s creditors.

Prior to entering into the sales transaction, Prisma Energy transferred to a subsidiary of Enron 33.04% of the outstanding stock of Promigas S.A., an energy concern in Colombia, which is expected to be subject to a separate auction process by Enron’s subsidiary scheduled for November 2006 in Colombia.  Pursuant to an existing agreement, Prisma has agreed to make a bid for such auction shares, at an aggregate purchase price of US$350 million.

Enron’s Internet address is www.enron.com.

CAUTIONARY STATEMENT: Certain statements contained in this press release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended.  Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and other statements that are other than statements of historical facts.  Forward-looking statements are based on the opinions and estimates of management at the time the statements are made and are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated in the forward-looking statements.  Important factors that could cause actual results to differ materially from those in the forward-looking statements herein include, but are not limited to, political developments affecting federal and state regulatory agencies, and developments with respect to the bankruptcy of Enron.  Except as required by law, Enron does not undertake any obligation to update any forward-looking statements.