The takeover surfaced last week and decisions have yet to reacha stage where officials can predict which of the CBD structureswill stay and which will go when the deal closes. Dynegy'scorporate offices are in a 230,000-sf structure at 1000 Louisianawhile Enron has its hierarchy in about 1.3 million sf at 1400 SmithSt. Right across the street is the under-construction 1.2million-sf Enron Center South, being built on a full cityblock.

Sources at Houston-based Hines, project developer, say the workis on track to deliver in January 2002. Enron already has movedsome operations into the building. The Enron source stresses thatthe commitment is deep, but also admits that the high-rise's rolein the "future company" is uncertain.

A closed deal comes with the Dynegy moniker and the right toapply its name to Enron Field, a downtown baseball stadium and theHines project. An Astros source says Dynegy most likely would beassigned the right to rename the high-profile projects and have thefinal say on such a decision. In April 1999, Enron signed a 30-yeardeal and paid $100 million for the naming rights and energycontracts for the stadium. Plus Enron Energy Services snagged theoverseer's job for electrical and mechanical equipment maintenance.Enron also agreed to build a parking garage adjacent to theballpark.