Enron Corp. - University of California | Office of The President

(a) Annual Report on Form 10-K for the year ended 12/31/98;
(b) Quarterly Report on Form 10-Q for the quarter ended 3/31/99;
(c) Quarterly Report on Form 10-Q for the quarter ended 6/30/99;
(d) Quarterly Report on Form 10-Q for the quarter ended 9/30/99; and
(e) Current Reports on Form 8-K dated 1/26/99 and 3/18/99.
641.15 It was via this Offering that CitiGroup transferred the risk of the bogus Delta
transaction debt to the purchasers of these Yosemite notes.
641.16 The Offering Circular for this security also described Enron's business in detail,
including the following:
DESCRIPTION OF ENRON
Enron is one of the world's leading international integrated natural gas,
electricity and communications companies. Enron's activities are conducted through
its subsidiaries and affiliates which are principally engaged in the transportation of
natural gas through pipelines to markets throughout the United States; the generation
and transmission of electricity to markets in the northwestern United States; the
marketing of natural gas, electricity and other commodities and related risk
management and finance services worldwide; the development, construction and
operation of power plants, pipelines and other energy related assets worldwide; and
the delivery of high bandwidth communication applications throughout the United
States.
* * *
Wholesale Energy Operations and Services
Enron's wholesale energy operations and services businesses operate in North
America, Europe and evolving energy markets in developing countries. These
businesses provide integrated energy-related products and services to wholesale
customers worldwide. Wholesale energy operations and services can be categorized
into two business lines: (a) Commodity Sales and Services and (b) Energy Assets and
Investments.
Commodity Sales and Services. Enron's commodity sales and services
operations include:
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