The decision was made after the board received and considered multiple bids for Transwestern Pipeline Company, Citrus Corp and Northern Plains Natural Gas Company.
"We considered the potential long-term value and benefits to Enron's stakeholders of retaining certain groupings of assets for future value, compared to the potential for selling our interests in the near-term based on the bids we received," said Enron interim chief executive officer, Stephen Cooper.
Enron said it is moving forward to sell off other assets including Eco-Electrica, Portland General Electric, Sithe/Independence Power Partners and Compagnie Papiers Stadacona and will continue to evaluate its options in regards to its various interests in international assets.
In 2001, the energy trader filed the biggest Chapter 11 in US corporate history after collapsing amid a wave of accounting scandals. Ironically, the one-time biggest energy trader in the world started off as a pipeline business.
