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Global Markets Feel Jolt from Enron's Collapse.

Austin American-Statesman (Austin, TX)

| December 04, 2001 | (Hide copyright information)Copyright

Byline: Claudia Grisales

Dec. 4--From Texas to Tokyo, Enron's massive bankruptcy filing caused tremors across several continents Monday.

While the company said it had arranged $1.5 billion in financing to keep operating on a limited basis, large power customers started looking for other providers.

"We're buying natural gas from another supplier right now, said Joan Todd, a spokeswoman for Eli Lilly & Co., which had signed a $1.3 billion deal with Enron earlier this year.

Owens-Illinois also said it was looking at alternatives. The glass company had signed a $2 billion deal with Enron.

In Austin, the operator of the Texas power grid said it had banned Enron from moving power on the grid.

"They had to establish certain credit requirements to make sure we don't have …

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