Catalytica Energy Systems Inc. (Mountain View, CA) reported that Enron Corp. (Houston, TX) has sold its
1,342,889 shares of Catalytica Energy Systems' common stock through Credit Suisse First Boston. The shares represented a 7.7 percent ownership in the company and have all been placed with a limited number of purchasers.
Craig Kitchen, president and CEO of Catalytica Energy Systems, stated, "We
appreciate the long-time support of Enron, whose initial investment in the company in 1998 helped to further the development of our Xonon Cool Combustion system. We continue to work closely with Enron Energy Services, a division of Enron, and look forward to our first commercial installation of Xonon-equipped gas turbines at an Enron-managed power project in Jamaica Plain, Massachusetts next year."
