Posted March 4, 2002 Manufacturing News Enron to Sell Wind Assets to General Electric Enron Corp. (Houston; www.enron.com) announced it has reached an agreement to sell the wind turbine manufacturing assets of its wind power subsidiary to the Power Systems business of General Electric Company (www.ge.com). Enron Wind operates manufacturing facilities in the three countries with the largest demand for wind power: the U.S., Germany and Spain. It also maintains facilities in the Netherlands and eleven sales offices in countries around the world. GE's purchase of Enron includes the company's global wind turbine manufacturing and marketing operations, but does not affect Enron owned or operated wind farms. GE will continue to provide operational support for most of these facilities. Along with the sale, Enron Wind will concurrently file a voluntary petition for Chapter 11 reorganization in the U.S. Bankruptcy Court for the Southern District of New York. Subject to necessary bankruptcy court and regulatory approvals, the transaction is expected to close in the second quarter of 2002. The Manufacturing Report © Copyright 2002 by Lionheart Publishing, Inc. All rights reserved. E-mail Editorial Dept: tmr-editorial@lionhrtpub.com Lionheart Publishing, Inc. 2555 Cumberland Parkway, Suite 299, Atlanta, GA 30339 USA Phone: 770-431-0867 | Fax: 770-432-6969 E-mail: lpi@lionhrtpub.com