NEW YORK -- Former Enron Corp. Chief Executive Jeffrey Skilling could get a decade lopped off his prison sentence in a deal with the U.S. Justice Department.
Skilling has spent more than six years in federal prison following his 2006 conviction in Enron's massive corporate fraud.
The now-defunct company played a starring role in the energy crisis that swept through California and other Western states before Enron's epic implosion in 2001.
Skilling challenged his 24-year sentence and, after a series of court rulings, struck a deal with federal prosecutors that would reduce his sentence to a range of 14 to 17.5 years, according to court documents filed by the Justice Department.
Ending the legal battle would "significantly expedite" distributing more than $40 million to Enron's victims, the Justice Department said in its filing. The recovery comes from Skilling's assets.