Houston, held a 
conference call with investors Friday to discuss the utility's sale, said 
Mark Palmer, Enron spokesman. The executives also dismissed rumors of a 
layoff in their broadband division, he said.
"There were three or four areas of noise about stock and concern that the 
Portland General-Sierra Pacific transaction won't take place," Palmer said. 
"CEO Jeff Skilling said the odds of that deal being closed are at 5 percent." 
Palmer said the reason hinges on Sierra Pacific's financial situation. It 
cannot buy Portland General until meeting requirements on debt limits and 
common stock values set by the Securities and Exchange Commission. 
"There's some restructuring language in Nevada that would not allow Sierra 
Pacific to sell some of their assets," Palmer said. "Sierra is concerned the 
SEC will notapprove the deal unless they're able to raise cash by selling 
these assets." 
Earlier this month, Sierra Pacific's parent company, Las Vegas-based Nevada 
Power Co., also told The Las Vegas Sun the deal with PGE would likely fall 
through because of the financial problems. 
The Sun reported Saturday that Portland General's sale to Sierra Pacific 
likely won't be completed due to a California law that bars public utilities 
from shedding generators until 2005 because of an electricity shortage. 
Palmer would not comment on other buyers interested in the utility. 
He said Enron would continue working with Sierra Pacific until May 5, at 
which time either company can call off negotiations. Enron announced the sale 
in 1999, after buying the company in 1996. 
"It's not like either company is