Rates rise after FPL-related bond bust

The money will go to investors who bought $290 million worth of bonds issued by a now-bankrupt affiliate of Palm Beach County-based Flo-Sun Corp., the sugar-growing Fanjul family’s company. The bonds paid for cogeneration power plants, which were supposed to produce energy from bagasse, a waste product from sugar production, and sell it to FPL.

HOUSTON, Oct. 27, 2000 (PRNewswire) – Enron Corp. (NYSE: ENE) announced today that it made a proposal to the Board of Directors of Azurix Corp. (NYSE: AZX) to provide funding to take Azurix private at a buy-out price of $7.00 per share. Enron proposed to finance up to $275 million for the sole purpose of funding the buy-out. The specific structure of the proposal has yet to be determined.

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  • The Clarion Energy Content Team is made up of editors from various publications, including POWERGRID International, Power Engineering, Renewable Energy World, Hydro Review, Smart Energy International, and Power Engineering International. Contact the content lead for this publication at Jennifer.Runyon@ClarionEvents.com.

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The Clarion Energy Content Team is made up of editors from various publications, including POWERGRID International, Power Engineering, Renewable Energy World, Hydro Review, Smart Energy International, and Power Engineering International. Contact the content lead for this publication at Jennifer.Runyon@ClarionEvents.com.

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