ENRON FUTURE Company split



A look at the two companies that will emerge from the Chapter 11 bankruptcy reorganization of Enron Corp:
CROSSCOUNTRY ENERGY CORP:
Assets: 2,600-mile Transwestern Pipeline that travels through six southwestern states; half-ownership of Citrus Corp., a holding company that owns the 5,000-mile Florida Gas Transmission pipeline from southeast Texas to Florida; a less-than-2 percent interest in Northern Border Partners, which transports natural gas from Canada to the Midwest.
Financial projections: Combined earnings from its interests in those three assets in 2002 was $78.1 million. Future net income expected to be $121 million to $159 million in 2004 to 2006.
Estimated worth of the assets: Ranges from $1.409 billion to $1.571 billion.
Employees: 1,200.
Management: CEO Stan Horton, 53. Horton is one of the few top Enron managers to still work for the company after it went bankrupt in December 2001.
PRISMA ENERGY INTERNATIONAL INC.
Assets: Located in 14 countries, and including more than 9,600 miles of natural gas transmission and distribution pipelines; more than 56,000 miles of electric transmission and distribution lines; and more than 2,100 megawatts of electric generating capacity.
Financial projections: Expected earnings of $112.8 million to $233.2 million in 2004 to 2006.
Estimated worth of assets: $713 million to $918 million.
Employees: 9,000, including 4,000 employed by joint ventures.
Management: CEO Ron Haddock, 63. Appointed to Enron's board in July 2002. Former executive with FINA Inc. and Exxon.