September 19, 2003 |
Enron Corp. said that it filed an amended joint Chapter 11 plan and disclosure plan with the U.S. Bankruptcy Court, updating the estimated recoveries for more than 350 classes of creditors holding unsecured debt. Houston-based Enron, which filed for bankruptcy protection in December 2001, now estimates Enron Corp. debt holders will recover 16.6 cents on the dollar, Enron North America debt holders will recover 19.5% and Enron Power Marketing Inc. creditors will see net recovery of 22.5%.
April 29, 2004
Enron Corp. has agreed to settle charges by the Commodity Futures Trading Commission that it sought to illegally manipulate natural gas prices. But because other creditors have claims against Enron, now in Chapter 11 bankruptcy, the board is not expected to collect the $35-million penalty.
November 19, 2004 |
Enron Corp., the once-dominant energy trader whose collapse in 2001 led to sweeping corporate reforms, said Thursday that its bankruptcy reorganization was completed, and that it canceled its near-worthless shares. The company said it sold the largest of its remaining business assets, and would become a shell company.
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.