Hydro secures electricity to Enron customers

November 30, 2001, 00:00 CET

As of Dec. 1, Norsk Hydro will take over the physical deliveries of electricity to Enron Nordic Energy customers in Norway and Sweden.

By Hydro's actions, Enron's customers are secured physical deliveries of electricity. The background is the difficult situation in Enron. These deliveries by Norsk Hydro contribute to ensuring a stable situation in the Nordic electricity market.

These transactions do not constitute any increased financial exposure for Hydro towards Enron.