250M

Enron Corp. won approval last week from the bankruptcy court overseeing its case for a new credit line from J.P. Morgan Chase & Co. and Citigroup Inc., which is dramatically smaller than an earlier requested loan. The $250 million loan will be limited to backing letters of credit for the former energy merchant that will allow it to continue its remaining pipeline and merchant energy activities. These types of loans are required to be backed 110% by cash deposits.