Enron announces closing of sale of Prisma Energy International Inc.

Houston, TX, Sept. 11, 2006 — Enron Corp. announced 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,” said John J. Ray III, Enron’s president and 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 $350 million.

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