April 7, 2005 |
Enron Corp. will return its Northwestern utility to its pre-Enron form as an independent, investor-owned business in light of Oregon regulators' decision to block its sale to a Texas-based private investment firm, the company said. Enron said it had abandoned the deal to sell Portland General Electric to a holding company backed by Texas Pacific Group. That proposal failed to pass muster with Oregon regulators last month.
June 21, 2007 |
Jeffrey McMahon, the former chief financial officer of Enron Corp., has agreed to pay $300,000 to settle fraud charges, the Securities and Exchange Commission said. McMahon also agreed to be barred from serving as an officer or director of a public company for five years, the SEC said. He agreed to the settlement without admitting or denying the charges.
January 11, 2003 |
Portland General Electric, a unit of Enron Corp., won't face a delay in an investigation of allegations of market manipulation during California's energy crisis, a Federal Energy Regulatory Commission judge ordered. The decision by FERC Chief Administrative Law Judge Curtis Wagner means that hearings on whether Enron and other companies encouraged power shortages in California to boost prices set to begin April 1 will go ahead as planned.
March 2, 2004 |
Leslie Caldwell, head of the Justice Department team prosecuting executives of Enron Corp., is stepping down after more than a year on the job. Caldwell's replacement as director of the Enron Task Force will be the current deputy, Andrew Weissmann, who will take over after a brief transition, the department said. The announcement said Caldwell, who has been a federal prosecutor in San Francisco and New York, was leaving to pursue unspecified opportunities.
July 28, 2007 |
Lawyers who recovered about $7.2 billion in settlements for Enron Corp. investors hurt by the energy trader's collapse are slated to get about $700 million in fees under a plan to distribute the money. Officials of the University of California Regents, the lead plaintiffs in the securities-fraud case, said they would ask a judge in Houston to approve the plan so they could begin paying out funds from settlements with Enron's former lenders.
December 2, 2005 |
Lawyers for former Enron Corp. executives Kenneth L. Lay and Jeffrey K. Skilling failed to prove that government prosecutors intimidated potential defense witnesses to keep them from testifying, a judge ruled. U.S. District Judge Sim Lake made his ruling in Houston. Lay, Enron's former chairman; Skilling, its former chief executive; and Richard A. Causey, a former chief accountant, are to go on trial Jan. 17 on fraud and conspiracy charges stemming from the 2001 collapse of Enron.