Embattled

El Paso Gets Reprieve from Lenders as It Struggles with Reserve Revision Debacle

Embattled El Paso Corp. said Tuesday it received waivers from lenders on its $3 billion revolving credit facility in order to deal with potential issues arising from the company’s major downward adjustment to its oil and natural gas reserves.

March 17, 2004

Embattled NorthWestern Unloads Communications Unit to Avaya for $152M

Looking to better focus on its core utility businesses and keep its head above water at the same time, NorthWestern Corp. announced that it has completed the sale of its Expanets communications services unit to Avaya, Inc. for $152 million in cash.

December 1, 2003

Embattled NorthWestern Unloads Communications Unit to Avaya for $152M

Looking to better focus on its core utility businesses and keep its head above water at the same time, NorthWestern Corp. announced that it has completed the sale of its Expanets communications services unit to Avaya, Inc. for $152 million in cash.

December 1, 2003

Enron to Keep Gas Pipe Assets, Form New Company

Embattled Enron Corp. has decided to keep its interstate natural gas pipelines and intends to form a new company to oversee the assets, the company’s interim CEO Stephen Cooper said Wednesday.

July 14, 2003

Enron to Keep Gas Pipe Assets, Form New Company

Embattled Enron Corp. has decided to keep its interstate natural gas pipelines and intends to form a new company to oversee the assets, the company’s interim CEO Stephen Cooper said last Wednesday.

July 14, 2003

CCRO Head: Embattled Energy Market on Road to Recovery

The scandal-ravaged natural gas and electricity industries have hit bottom and are now in a recovery mode, said the head of the Committee of Chief Risk Officers (CCRO) last Wednesday.

May 12, 2003

CCRO Head: Embattled Energy Market on Road to Recovery

The scandal-ravaged natural gas and electricity industries have hit bottom and are now in recovery mode, said the head of the Committee of Chief Risk Officers (CCRO) Wednesday.

May 8, 2003

CMS Energy Eyes Closing of Houston Trading Office

Embattled CMS Energy welcomed in the New Year with more bad news for its employees — it plans to shut down its natural gas and electricity trading operations in Houston in early 2003.

January 6, 2003

CMS Energy Eyes Closing of Houston Trading Office

Embattled CMS Energy is welcoming in the New Year with more bad news for its employees — it plans to shut down its natural gas and electricity trading operations in Houston in early 2003.

December 31, 2002

El Paso to Exit Energy Trading, Sees $69M Loss in Quarter

Embattled El Paso Corp. reported Friday that it closed out the third quarter in the red, and will begin winding down its ailing energy trading business in an effort to resuscitate the company.

November 11, 2002