UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 3)
QUANTA SERVICES, INC.
(Name of Issuer)
COMMON STOCK, $.00001 PAR VALUE
(Title of Class of Securities)
(CUSIP Number)
74762E 10 2
Julia Murray
General Counsel-Finance
Enron North America Corp.
1400 Smith Street
Houston, Texas 77002
(713) 853-6161
(Name, Address and Telephone Number
of Person Authorized to Receive Notices
and Communications)
December 21, 1999
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G
to report this acquisition that is the subject of this Schedule 13D,
and is filing this Schedule because of Rule 13d-1(e),
Rule 13d-1(f) or Rule 13d-1(g), check the following box: [ ]
The information required on the remainder of this cover page
shall not be deemed to be "filed" for the purpose of Section 18 of the
Securities Exchange Act of 1934 ("Act") or otherwise
subject to the liabilities of that section of the Act but
shall be subject to all other provisions of the Act.
Page 2 of 14 Pages
CUSIP NO.: 74762E 10 2
--------------
SCHEDULE 13D
========================================================================================
1 NAME OF REPORTING PERSON; S.S. OR IRS IDENTIFICATION NUMBER
Enron North America Corp. (formerly Enron Capital & Trade
Resources Corp.)
- ----------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]
- ----------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
- ----------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e)
[ ]
- ----------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ----------------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
- ----------------------------------------------------------------------------------------
8 SHARED VOTING POWER
2,691,818*
- ----------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- ----------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,691,818*
- ----------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,691,818*
- ----------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
- ----------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.4%**
- ----------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
========================================================================================
* Represents shares of Common Stock issuable upon conversion of US $37,012,500
principal amount of 6 7/8% Convertible Promissory Notes due 2010 by the
conversion price of US $13.75.
** Based on information provided in the Issuer's Form 10-Q filed November 11,
1999 with respect to the number of then-outstanding shares of Common Stock.
Page 3 of 14 Pages
CUSIP NO.: 74762E 10 2
-------------
SCHEDULE 13D
========================================================================================
1 NAME OF REPORTING PERSON; S.S. OR IRS IDENTIFICATION NUMBER
ECT Merchant Investments Corp.
- ----------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]
- ----------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
OO
- ----------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e)
[ ]
- ----------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ----------------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
- ----------------------------------------------------------------------------------------
8 SHARED VOTING POWER
0
- ----------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- ----------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- ----------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- ----------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- ----------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%
- ----------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
========================================================================================
Page 4 of 14 Pages
CUSIP NO.: 74762E 10 2
-------------
SCHEDULE 13D
========================================================================================
1 NAME OF REPORTING PERSON; S.S. OR IRS IDENTIFICATION NUMBER
Enron Corp.
- ----------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]
- ----------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
- ----------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e)
[ ]
- ----------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Oregon
- ----------------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
- ----------------------------------------------------------------------------------------
8 SHARED VOTING POWER
3,589,090*
- ----------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- ----------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
3,589,090*
- ----------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,589,090*
- ----------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- ----------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.7%**
- ----------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
========================================================================================
* Represents shares of Common Stock issuable upon conversion of US $49,350,000
principal amount of 6 7/8% Convertible Promissory Notes due 2010 by the
conversion price of US $13.75.
** Based on information provided in the Issuer's Form 10-Q filed November 11,
1999 with respect to the number of then-outstanding shares of Common Stock.
Page 5 of 14 Pages
CUSIP NO.: 74762E 10 2
-------------
SCHEDULE 13D
========================================================================================
1 NAME OF REPORTING PERSON; S.S. OR IRS IDENTIFICATION NUMBER
Joint Energy Development Investments II Limited Partnership
- ----------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]
- ----------------------------------------------------------------------------------------
3 SEC USE ONLY
- ----------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
- ----------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e)
[ ]
- ----------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ----------------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
- ----------------------------------------------------------------------------------------
8 SHARED VOTING POWER
2,691,818*
- ----------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
- ----------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,691,818*
- ----------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,691,818*
- ----------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- ----------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.4%**
- ----------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
========================================================================================
* Represents shares of Common Stock issuable upon conversion of US $37,012,500
principal amount of 6 7/8% Convertible Promissory Notes due 2010 by the
conversion price of US $13.75.
** Based on information provided in the Issuer's Form 10-Q filed November 11,
1999 with respect to the number of then-outstanding shares of Common Stock.
Page 6 of 14 Pages
AMENDMENT NO. 3 TO
STATEMENT ON SCHEDULE 13D
Introductory Note: This Amendment No. 3 to Statement on Schedule 13D is
being filed by Enron Corp., an Oregon corporation ("Enron"), Enron North America
Corp., a Delaware corporation ("ENA"), formerly known as Enron Capital & Trade
Resources Corp., ECT Merchant Investments Corp., a Delaware corporation
("EMIC"), and Joint Energy Development Investments II Limited Partnership, a
Delaware limited partnership ("JEDI II"), which are collectively referred to as
the "Reporting Entities." All information herein with respect to Quanta
Services, Inc., a Delaware corporation (the "Issuer"), and the common stock, par
value $.00001 per share of the Issuer ("Common Stock") is presented to the
knowledge and belief of the Reporting Entities. Capitalized terms used and not
defined in this Amendment No. 3 to Statement on Schedule 13D have the meanings
set forth in the Schedule 13D, as amended. The joint Schedule 13D of Enron, ENA
and JEDI II filed October 9, 1998, as amended by a Schedule 13D/A of Enron, ENA,
EMIC and JEDI II filed January 12, 1999, as amended by a Schedule 13D/A of
Enron, ENA, EMIC and JEDI II filed October 12, 1999, is further amended as
follows:
ITEM 2. IDENTITY AND BACKGROUND.
The Schedules attached hereto set forth certain new information with
respect to the officers and directors of Enron, ENA and Enron Capital II Corp.
The filing of this statement on Schedule 13D/A shall not be construed as an
admission that any Reporting Person or any person listed on the Schedules hereto
is, for the purposes of Section 13(d) or 13(g) of the Securities Exchange Act of
1934, the beneficial owner of any securities covered by this statement.
None of the Reporting Entities nor, to their knowledge, any person
listed on the Schedules hereto, has been, during the last five years (i)
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors) or (ii) a party to a civil proceeding and as a result of such
proceeding was or is subject to a judgment, decree or final order enjoining
future violation of, or prohibiting or mandating activities subject to, U.S.
federal or state securities laws or finding any violation with respect to such
laws.
ITEM 3. SOURCE AND AMOUNT OF FUNDS AND OTHER CONSIDERATION; ITEM 4. PURPOSE OF
TRANSACTION; ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER.
EMIC held a Convertible Promissory Note due 2010 dated October 5, 1998
issued by the Issuer in the original principal amount of Twelve Million Three
Hundred Thirty-Seven Thousand Five Hundred Dollars ($12,337,500) (the "EMIC
Note"; together with a note of like tenor and description in the amount of
$37,012,500 held by JEDI II, the "Convertible Notes"). On December 21, 1999,
EMIC transferred its entire interest in the EMIC Note to ENA, and ENA
immediately thereafter transferred the same to SE Thunderbird L.P.
("Thunderbird") in a private placement (the "Transaction"). Thunderbird funded
the $25,136,826.59 purchase price for this investment from its working capital.
In connection with that transfer, ENA transferred to Thunderbird
certain rights under both (a) the Registration Rights Agreement dated as of
September 29, 1998 among the Issuer, JEDI-II, and ENA and (b) the Securities
Purchase Agreement dated as of September 29, 1998 among the same parties (the
"Securities Purchase Agreement"), each as amended, reserving for itself the
preemptive rights and director nomination rights described in Sections 2.06 and
6.07 of the Securities Purchase Agreement.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) Because Enron, pursuant to its indirect control over the voting
securities of Thunderbird, may be deemed to have voting power and dispositive
power over the EMIC Note and the Common Stock issuable pursuant thereto, the
Transaction accomplished no change in the nature or amount of its beneficial
ownership, voting power or dispositive power with respect to the securities of
the Issuer.
(b) As a result of the Transaction effected December 21, 1999, EMIC
disposed of its voting power, dispositive power, and beneficial ownership with
respect to the securities of the Issuer. Since EMIC is no longer the beneficial
owner of more than five percent of the Common Stock and has filed this
statement, it is no longer subject to filing obligations under Section 13 of the
Securities Exchange Act of 1934 with respect to the securities of the Issuer.
(c) As a result of the Transaction, ENA may be deemed to share voting
power, dispositive power, and beneficial ownership with respect to the
securities of the Issuer held by JEDI II, as described below. In addition, ENA
shares certain director nomination rights under the Securities Purchase
Agreement with JEDI II which do not entitle either JEDI II or ENA to vote shares
for the election of directors.
Page 7 of 14 Pages
If the Convertible Notes were converted in full by Thunderbird and JEDI
II, the 897,272 and 2,691,818 shares of Common Stock issuable upon such
conversions, respectively, would represent approximately 2.6% and 7.4%, of the
Issuer's outstanding Common Stock and Limited Vote Common Stock. Upon
conversion, such 3,589,090 shares would represent in the aggregate approximately
9.7% of the Issuer's outstanding Common Stock. The foregoing percentage
ownership calculations are calculated in accordance with Rule 13(d)3(d)(1)(i)(D)
and assume that 33,557,271 shares of Common Stock are actually outstanding, as
reported as of November 11, 1999 by the Issuer on its Form 10-Q filed November
15, 1999, as well as all shares issuable upon conversion of the relevant
Convertible Notes.
Enron may be deemed to beneficially own the shares of Common Stock
issuable upon conversion of the Convertible Notes held by both Thunderbird and
JEDI II, and ENA may be deemed to beneficially own the shares of Common Stock
issuable upon conversion of the Convertible Notes held by JEDI II; however,
Enron and ENA each disclaim beneficial ownership over such securities. Further,
Thunderbird has disclaimed beneficial ownership over the shares of Common Stock
issuable upon conversion of the Convertible Note held by JEDI II, and JEDI II
disclaims beneficial ownership over the shares of Common Stock issuable upon
conversion of the Convertible Note held by Thunderbird.
Enron and Thunderbird may be deemed to share voting and dispositive
power over the shares of Common Stock issuable upon conversion of the
Convertible Note held by Thunderbird. Enron, ENA and JEDI II may be deemed to
share voting and dispositive power over the shares of Common Stock issuable upon
conversion of the Convertible Note held by JEDI II. The filing of this statement
on Schedule 13D/A shall not be construed as an admission that Enron, ENA, JEDI
II or any person listed on the Schedules hereto is, for the purposes of Section
13(d) or 13(g) of the Act, the beneficial owner of any securities covered by
this statement. Other than the transactions described herein, none of the
Reporting Entities, nor to their knowledge any of the persons named in the
Schedules hereto, has effected any transaction in the Common Stock during the
preceding sixty days.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
(i) Purchase and Sale Agreement dated as of December 21, 1999
(ii) Partial Assignment and Assumption Agreement dated as of
December 21, 1999
Page 8 of 14 Pages
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certify that the information set forth in this
statement is true, complete and correct.
Date: January 12, 2000 JOINT ENERGY DEVELOPMENT INVESTMENTS
II LIMITED PARTNERSHIP
By: Enron Capital Management II Limited
Partnership, its General Partner
By: Enron Capital II Corp., its general
partner
By: /s/ JULIA HEINTZ MURRAY
-------------------------------------
Name: Julia Heintz Murray
-----------------------------------
Title: Vice President
----------------------------------
Date: January 12, 2000 ENRON NORTH AMERICA CORP.
By: /s/ ROBERT GREEN
-------------------------------------
Name: Robert Green
-----------------------------------
Title: Vice President
----------------------------------
Date: January 12, 2000 ENRON CORP.
By: /s/ ANGUS H. DAVIS
-------------------------------------
Name: Angus H. Davis
-----------------------------------
Title: Vice President
----------------------------------
Date: January 12, 2000 ECT MERCHANT INVESTMENTS CORP.
By: /S/ ROBERT GREEN
-------------------------------------
Name: Robert Green
-----------------------------------
Title: Vice President
----------------------------------
SCHEDULE I
DIRECTORS AND EXECUTIVE OFFICERS
ENRON NORTH AMERICA CORP.
Name and Business Address Citizenship Position and Occupation
- ------------------------- ----------- -----------------------
Each of the following person's
business address is 1400 Smith
Street, Houston, TX 77002
J. Clifford Baxter U.S.A. Director; Chairman of the Board, Chief Executive
Officer and Managing Director
Lawrence G. Whalley U.S.A. Director; President and Chief Operating Officer
Mark E. Haedicke U.S.A. Director; Managing Director and General Counsel
Philippe A. Bibi U.S.A. Managing Director
W. Craig Childers U.S.A. Managing Director
David W. Delainey U.S.A. Managing Director
Richard G. DiMichele U.S.A. Managing Director
Jay L. Fitzgerald U.S.A. Managing Director
Michael J. Kopper U.S.A. Managing Director
John J. Lavorato U.S.A. Managing Director
Danny J. McCarty U.S.A. Managing Director
Michael McConnell U.S.A. Managing Director
J. Kevin McConville U.S.A. Managing Director
Jere C. Overdyke, Jr. U.S.A. Managing Director
Gregory F. Piper U.S.A. Managing Director
Brian L. Redmond U.S.A. Managing Director
Jeffrey A. Shankman U.S.A. Managing Director
John R. Sherriff U.S.A. Managing Director
Colleen Sullivan-Shaklovitz U.S.A. Managing Director
Kevin P. Hannon U.S.A. Managing Director
Page 9 of 14
SCHEDULE II
DIRECTORS AND EXECUTIVE OFFICERS
ENRON CORP.
Name and Business Address Citizenship Position and Occupation
- ------------------------- ----------- -----------------------
Robert A. Belfer U.S.A. Director; Chairman, President and Chief Executive
Belco Oil & Gas Corp. Officer, Belco Oil & Gas Corp.
767 Fifth Avenue, 46th Fl.
New York, NY 10153
Norman P. Blake, Jr. U.S.A. Director; Chairman, President & CEO of Promus Hotel
Promus Hotel Corp. Corporation
705 Crossover Lane
Memphis, TN 38117-4900
Ronnie C. Chan U.S.A. Director; Chairman of Hang Lung Development Group
Hang Lung Development
Company Limited
28/F, Standard Chartered
Bank Building
4 Des Vouex Road Central
Hong Kong
John H. Duncan U.S.A. Director; Investments
5851 San Felipe, Suite 850
Houston, TX 77057
Paulo V. Ferraz Perairo Brazil Director; President and Chief Executive Officer
Meridonal Financial Group of Meridional Financial Group
Av. Rio Branco, 138-15th andar
20057-900 Rio de Janerio - RJ
Brazil
Joe H. Foy U.S.A. Director; Retired Senior Partner,
Bracewell & Patterson, L.L.P. Bracewell & Patterson, L.L.P.
2900 South Tower Pennzoil Place
711 Louisiana
Houston, TX 77002
Wendy L. Gramm U.S.A. Director; Former Chairman, U.S. Commodity Futures
P. O. Box 39134 Trading Commission
Washington, D.C. 20016
Ken L. Harrison U.S.A. Director; Chairman and Chief Executive Officer,
121 S. W. Salmon Street Portland General Electric Company
Portland, OR 97204
Robert K. Jaedicke U.S.A. Director; Professor (Emeritus), Graduate School of
Graduate School of Business Business Stanford University
Stanford University
Stanford, CA 94305
Page 10 of 14
Name and Business Address Citizenship Position and Occupation
- ------------------------- ----------- -----------------------
Charles A. LeMaistre U.S.A. Director; President (Emeritus), University of Texas
P.O. Box 15247 M.D. Anderson Cancer Center
San Antonio, TX 78212
John Mendelsohn U.S.A. Director; President, University of Texas
University of Texas M.D. Anderson Cancer Center
M.D. Anderson Cancer Center
1515 Holcombe
Houston, TX 77030
Jerome J. Meyer U.S.A. Director; Chairman and Chief Executive Officer,
26600 S.W. Parkway Tektronix, Inc.
Building 63; P. O. Box 1000
Wilsonville, OR 97070-1000
Frank Savage U.S.A Director; Chairman, Alliance Capital Management
1345 Avenue of the Americas International
39th Floor
New York, New York 10105
John A. Urquhart U.S.A. Director; Senior Advisor to the Chairman of Enron
John A. Urquhart Assoc. Corp.; President, John A. Urquhart Associates
111 Beach Road
Fairfield, CT 06430
John Wakeham U.K. Director; Former U.K. Secretary of State for Energy
1 Salisbury Square and Leader of the Houses of Commons and Lords
London EC4Y 8JB
United Kingdom
Herbert S. Winokur, Jr. U.S.A. Director; President, Winokur & Associates, Inc.
Capricorn Management, G.P.
30 East Elm Ct.
Greenwich, CT 06830
Kenneth L. Lay U.S.A. Director; Chairman and Chief Executive Officer
1400 Smith Street
Houston, TX 77002
J. Clifford Baxter U.S.A. Chairman of the Board, Chief Executive Officer
1400 Smith Street and Managing Director, Enron North America Corp.
Houston, TX 77002
Richard B. Buy U.S.A. Executive Vice President and Chief Risk Officer
1400 Smith Street
Houston, TX 77002
Richard A. Causey U.S.A. Executive Vice President and Chief Accounting
1400 Smith Street Officer
Houston, TX 77002
Page 11 of 14
Name and Business Address Citizenship Position and Occupation
- ------------------------- ----------- -----------------------
James V. Derrick, Jr. U.S.A. Executive Vice President and General Counsel
1400 Smith Street
Houston, TX 77002
Andrew S. Fastow U.S.A. Executive Vice President and Chief Financial Officer
1400 Smith Street
Houston, TX 77002
Mark A. Frevert U.S.A. President and Chief Executive Officer, Enron Europe,
1400 Smith Street Ltd.
Houston, TX 77002
Stanley C. Horton U.S.A. Chairman and Chief Executive Officer, Enron Gas
1400 Smith Street Pipeline Group
Houston, TX 77002
Rebecca P. Mark U.S.A. Director; Chairman, and Chief Executive Officer, Azurix Corp.
1400 Smith Street
Houston, TX 77002
J. Mark Metts U.S.A. Executive Vice President, Corporate Development
1400 Smith Street
Houston, TX 77002
Lou L. Pai U.S.A. Chairman, President and Chief Executive Officer,
1400 Smith Street Enron Energy Services, Inc.
Houston, TX 77002
Kenneth D. Rice U.S.A. Co-Chairman and Co-Chief Executive Officer and President,
1400 Smith Street Enron Communications Inc.
Houston, TX 77002
Jeffrey K. Skilling U.S.A. Director; President and Chief Operating Officer, Enron
1400 Smith Street Corp.
Houston, TX 77002
Joseph W. Sutton U.S.A. Vice Chairman, Enron Corp.
1400 Smith Street
Houston, TX 77002
Page 12 of 14
SCHEDULE III
DIRECTORS AND EXECUTIVE OFFICERS
ENRON CAPITAL II CORP.
Name and Business Address Citizenship Position and Occupation
- ------------------------- ----------- -----------------------
Each of the following
persons' business address
is 1400 Smith Street,
Houston, TX 77002
James V. Derrick, Jr. U.S.A. Director; Executive Vice President and General Counsel of Enron Corp.
Mark E. Haedicke U.S.A. Managing Director and General Counsel
J. Clifford Baxter U.S.A. Director; Chairman, Chief Executive Officer and Managing Director
Lawrence G. Whalley U.S.A. Director; President and Managing Director
Richard B. Buy U.S.A. Managing Director
Andrew S. Fastow U.S.A. Managing Director
Michael J. Kopper U.S.A. Managing Director
Jeffrey McMahon U.S.A. Managing Director, Finance and Treasurer
Page 13 of 14
SCHEDULE IV
DIRECTORS AND EXECUTIVE OFFICERS
ECT MERCHANT INVESTMENTS CORP.
Name and Business Address Citizenship Position and Occupation
- ------------------------- ----------- -----------------------
Each of the following
persons' business address
is 1400 Smith Street,
Houston, TX 77002
J. Clifford Baxter U.S.A. Director; Chairman, Chief
Executive Officer and
Managing Director
James V. Derrick, Jr. U.S.A. Director
Lawrence G. Whalley U.S.A. Director; President and
Managing Director
W. Craig Childers U.S.A. Managing Director
Mark E. Haedicke U.S.A. Managing Director and
General Counsel
J. Kevin McConville U.S.A. Managing Director
Jeffrey McMahon U.S.A. Managing Director,
Finance and Treasurer
Gregory F. Piper U.S.A. Managing Director
Page 14 of 14
INDEX TO EXHIBITS
EXHIBIT
NUMBER DESCRIPTION
------- -----------
(i) Purchase and Sale Agreement dated as of December 21, 1999
(ii) Partial Assignment and Assumption Agreement dated as of
December 21, 1999