FOR YOUR INFORMATION.................June 2, 1988



     The Federal Trade Commission has approved Enron Corp.'s
proposed divestiture of its half interest in the TransTexas
Pipeline to Teco Pipeline Co.
     FTC approval of the divestiture is required by a 1985
consent order settling charges that Enron's acquisition of
Houston Natural Gas Corp. could lessen competition among pipeline
companies that purchase natural gas in the Southwest.
     Enron asked the Commission to approve the divestiture to
Teco in August 1987.  In October 1987, Enron asked the Commission
to approve the TransTexas divestiture to Valero Nortex L.P.
Valero owns the other half interest in the pipeline and was
exercising its right of first refusal to acquire Enron's
interest.
     In approving the divestiture, the Commission said it
believes that "divestiture to Teco, a new entrant, will help
achieve the remedial goals of the Commission's order."  It did
not approve the divestiture to Valero because that divestiture
"would not likely satisfy the remedial goals of the order."
     Enron, formerly named InterNorth Inc., is based in
Houston.  Teco is a privately held Texas corporation.
     Copies of the Commission's letter to Enron are available
from the FTC's Public Reference Branch, Room 130, 6th St. and
Pennsylvania Ave. N.W., Washington, D.C. 20580; 202-326-2222; TTY
202-326-2502.

                              # # #


MEDIA CONTACT:     Susan Ticknor, Office of Public Affairs,
                   202-326-2181

STAFF CONTACT:     Daniel Ducore, Bureau of Competition,
                   202-326-2687

(Docket No. C-3168)

(EnronDiv)