Embattled energy group, Enron Corp, which was taken over by Dynegy Inc after a financial crisis threatened it with bankruptcy, reduced third quarter earnings for a second time and said it may have to make an early payment of a $690 million note this month.
The Houston-based company announced a third quarter loss of $464 million and lowered earnings by three cents a share. Its fourth quarter earnings would also be reduced by an undetermined amount.
Last week, Enron was the recipient of a US$23 billion ($44.8 billion) rescue bid from Dynegy, thus averting a potential crisis in the US power and natural gas markets.
ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive
ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.
ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.
This industry-wide report aims to understand current cost levels across the energy industry
Copyright © 2000-2024 Aspermont Ltd. All rights reserved. Aspermont Limited (ABN 66 000 375 048), PO Box 78, Leederville, Western Australia 6902
