Enron Coughs Up $3.4B To Creditors
The $3.4 billion consisted of $3.3373 billion in cash and shares of Portland General Electric Company worth $34.4 million.
The payout was the twelfth of Enron’s twice-yearly distributions to creditors since November 2004.
“Today’s distribution is another very significant amount delivered to creditors and represents a tremendous financial outcome for the Enron estate,” said John Ray, president and chairman of the board of...
To view the full article, register now.