Washington Utility Denounces Enron’s Proposed Offer

Law360, New York (June 22, 2006, 12:00 AM EDT) -- A Washington public utility district, which is waiting to recover millions of dollars from bankrupt Enron Corp., has asked a federal agency to hold a public hearing over the energy giant’s proposed settlement, which it believes is a “pittance.”

Snohomish County Public Utility District filed a motion Tuesday at the Federal Energy Regulatory Commission (FERC) to openly discuss a proposed deal to resolve Enron’s market manipulation of electricity before and during the 2000-2001 energy crisis.

Snohomish claimed the FERC staff testified earlier that Enron should disgorge...
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