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Enron Creditors Recovery Corp.
Enron Creditors Recovery Corp. Returns Additional $829 Million to Creditors in Latest Distribution
October 19th, 2008
Enron Creditors Recovery Corp., f/k/a Enron Corp., announced its twenty-fourth distribution to creditors of Enron and its affiliated Debtor companies. Today's distribution to holders of allowed general unsecured claims and allowed guaranty claims (collectively, "creditors") totals approximately $828,900,000, consisting of cash of approximately $740,500,000 and Portland General Electric Company ("PGE") Common Stock equivalents (in the form of cash) of approximately $54,400,000, plus interest, dividends and gains of $34,000,000. "Today marks another important milestone in our efforts to maximize the distributions to creditors, as we are pleased to announce that all...
Source: Pharma Investments, Ventures & Law Weekly (2008-10-19)
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