Froze

Judge Freezes Enron North America Payments to Other Units

The U.S. bankruptcy judge handling Enron Corp.’s bankruptcy proceedings on Monday froze the payments of Enron North America that had been funding operations for other business units. Since Dec. 2, 2001, when Enron filed for bankruptcy, Enron North America has given $632 million to the parent company for disbursement to various units. Although some of the money has been returned, creditors of Enron North America have suggested the subsidiary is being “plundered” and requested a halt to the payments.

February 27, 2002