----- Forwarded by Sharonda Stephens/Corp/Enron on 01/25/2001 10:49 AM -----

	"ANN SCHMIDT, ENRON CORP." <ENRONPR@bloomberg.net>
	01/25/2001 08:51 AM
		 
		 To: sharonda.stephens@enron.com
		 cc: 
		 Subject: (BN  ) Colombia's Medellin Utility Drops Isagen Investment,


    enron story




Colombia's Medellin Utility Drops Isagen Investment, Papers Say
1/25/1 8:49 (New York)


     Bogota, Jan. 25 (Bloomberg) -- Colombia's largest municipal
utility, Empresas Publicas de Medellin, won't seek to buy a stake
in state-run generator Isagen because leftist guerrilla attacks on
the power grid have increased its costs, newspapers said.
     The newly sworn in mayor of Medellin, Luis Perez, told a
Senate hearing that the country's third largest city would instead
seek to invest the estimated $400 million the purchase would have
cost into programs to generate jobs in Medellin, the daily El
Tiempo reported.
     ``There is no sense in crying over spilled milk,'' Mines and
Energy Minister Carlos Caballero was quoted by El Tiempo as saying
upon hearing the news.
     The government last year pushed back until 2001 its plans to
sell the state's 77 percent stake in Isagen due to a series of
lawsuits filed by EPM, as the Medellin utility is called. EPM
alleged it had been discriminated against in the sales process
because of anti-monopoly regulations.
     EPM was planning to purchase the government's stake in Isagen
together with Enron Corp. of the U.S. to avoid the anti-monopoly
regulations. AES Corp. of the U.S. and Union Fenosa of Spain were
also interested in Isagen, Caballero said last year.

--Robert Willis in Bogota (571)317-4000 bwillis@bloomberg.net or
through the New York newsroom at (212) 318-2300/jrk

Story illustration: To graph real year-on-year percentage change
in Colombian economic growth, type  {COGCRYOY <Index> GP <GO>} ;


Regional news:               News by category:
NI COLOM   Colombia          NI EM       Emerging markets
NI LATAM   Latin America     NI ECO      Economic news
NI ANREGION                  NI COECO    Colombia economy
NI US                        NI GOV      Government
NI SPAIN                     NI NRG      Energy
                             NI UTI      Utilities
                             NI PZN      Privatizations
                             NI TLS
                             NI MNG
                             NI COS

Company news:
ENE US <Equity>    Enron
AES US <Equity>    AES
1032Z CB <Equity>  EPM
UNF SM <Equity>    Union Fenosa


-0- (BN ) Jan/25/2001 13:49 GMT