Erasing Enron

Enron’s story may finally be drawing to a close. Jeffrey Skilling has finally been indicted and the company’s creditors have begun receiving ballots to vote on a plan of reorganisation. By Paul Lyon

The moment many Enron creditors had been waiting forcame last month: JeffreySkilling, Enron’s former chief executive, was formally indicted of securitiesfraud, insider trading and other crimes (see box p. 50). What’s more, Enron’sonce powerful business could soon be pared down to two independent components – aUS pipeline business (CrossCountry Energy) and a collection of internationalpower plant assets and other energy assets (Prisma Energy International) thathave failed to attract decent bids.

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