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Who's who in the Commerce scandal
"Li Ka-Shing is not the only one to take advantage of the Clinton sponsored changes in the Maritime finance program. For example, two power barges for export to Indonesia made by Enron Corp., a large contributor to Bill Clinton, were also built through the DOT Maritime-funding program, and backed by $50 million in taxpayer financing. Another questionable ship deal included over $60 million to build a paddlewheel steam boat/casino. Still another deal landed millions in taxpayer supported loans for two floating combination hotel/casino barges."

Houston Stadium Named ‘Enron Field’

Global News

Enron and the Houston Astros had last year announced an integrated naming rights agreement that includes the exclusive right for Enron Energy Services to provide competitive electricity and facilities management services at the new baseball stadium, which will be named ‘Enron Field’.

Under the 30-year agreement with the Astros, Enron Energy Services will manage the energy contracts at Enron Field, as well as provide services for heating, ventilation and airconditioning, and also will administer various subcontracts for maintenance of all mechanical and electrical equipment. In addition, Enron has agreed to develop a parking structure adjacent to the ballpark, pending Harris County-Houston Sports Authority approval.

Enron Field, which was opened in April 2000, is leading the revitalization of downtown Houston. The 42,000-seat stadium has been designed as an open-air ballpark with a natural grass playing field and the ability to close a retractable roof and aircondition the seating bowl on hot summer days or in bad weather. Fans will enjoy a view of the Houston skyline from Enron Field, whether the roof is open or closed, as the stadium’s moving west roof wall will feature 50,000 square feet of glass.

Enron And Starwood Hotels Sign Energy Management Agreement Enron Energy Services, a subsidiary of Enron Corp., and Starwood Hotels & Resorts Worldwide, Inc., one of the largest hospitality companies in the world, recently announced a ten-year energy management agreement. The agreement covers Westin, Sheraton, St. Regis, Luxury Collection and Four Points hotels in North America, and is valued in excess of $1 billion over the ten-year period.

Through this agreement, Enron will: Supply or procure electricity and natural gas;manage energy infrastructure through the implementation of energy-related projects; and provide energy price stability at Starwood’s hotels.

“Energy is a significant expense, and we have chosen Enron to help us properly invest in equipment and programs that will ultimately reduce our energy costs,” said Robert F. Cotter, Starwood’s chief operating officer.

"Starwood recently spent $1.8 billion to improve the front of our house with extensive renovations, new guestroom designs and stunning public areas. Today, as part of our agreement with Enron, we’re investing $50 million to reduce energy consumption in our hotels, resulting in a huge cost savings and more environmentally friendly operations."

According to Cotter, Starwood anticipates that with Enron’s guidance, the company will reduce energy costs by approximately $200 million over ten years. “While conventional wisdom in the hotel industry has always been that you don’t invest dollars where the public won’t see it, in this case our capital investment is transparent to our guests, but clearly has a compelling financial return and significant environmental benefits.

Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and leisure companies in the world with more than 725 properties in 80 countries and 120,000 employees at its owned and managed properties.

Enron is one of the world’s leading electricity, natural gas and communications companies. The company, with revenues of $40 billion in 1999 and $30 billion for the first six months of 2000, produces electricity and natural gas, develops, constructs and operates energy facilities worldwide.