The Delaware River Basin Commission (DRBC) on Thursday proposed rules that would allow natural gas development projects — with conditions — in affected areas of the Marcellus Shale.
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El Paso Obtains Waiver, Extension to File Reports
El Paso Corp. will have until mid August to file its 2003 annual report, and it received additional waivers on a $3 billion revolving credit facility, which was due to expire on Tuesday, the company announced.
June 17, 2004
Enron Obtains $250M Credit Line to Back Letters of Credit
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.
July 8, 2002
Enron Obtains Credit Line to Continue Operations, Offer Severance Packages
Enron Corp. has obtained $1.5 billion in Chapter 11 financing to keep its energy trading unit and other operations running as it begins to reorganize, the company said late Monday. A bank consortium, led by J.P. Morgan Chase & Co. and Citibank, loaned the bankrupt Houston trader the funds, which will give Enron some capital as it attempts to repay some debts. Enron also got the go-ahead from Bankruptcy Court Monday night that will allow it to continue operations and offer severance packages to the thousands of employees who are losing their jobs.
December 5, 2001
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