<B>Enron, Sonoco Ink Energy Deal</B>

Enron Energy Services, a subsidiary of Enron Corp., and Sonoco announced a six-year, $210 million energy management agreement. Enron's energy management services will provide Sonoco with immediate and substantial electricity savings at more than 150 manufacturing plants and facilities nationwide.

Specifically, Enron will provide or manage the electricity supply to Sonoco's facilities, as well as provide related energy management services, including analysis and consolidation of energy expenditures and assumption of energy price risk.

``Energy is a significant production cost in our manufacturing facilities,'' said Charles Coker, Jr., vice president of Procurement and Logistics for Sonoco. ``We believe this agreement enables Sonoco to not only successfully manage our energy costs, but also enhance productivity, one of our four primary growth drivers.''