Enron Coughs Up $3.4B To Creditors

Law360 (October 4, 2006, 12:00 AM EDT) -- Enron Corp. unloaded $3.4 billion to its creditors on Tuesday, bringing the total amount distributed in its liquidation to a whopping $9.4 billion.

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...
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