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Enron to Pay 32 Million For Crooked Profits

US Federal Regulatory Commission ordered Thursday Enron Corp.

Enron to Pay 32 Million For Crooked Profits

US Federal Regulatory Commission ordered Thursday Enron Corp. to pay $32 million in ill-gotten profits from the Western energy crisis and demanded other, much larger payments by ordering a review of the company's profits from 1997-2003.
The amount of Thursday's order was small compared with the billions of dollars Western states believe they are owed from overcharges by Enron and other companies in 2000-2001.
But in upholding an administrative law judge's finding that Enron did not properly inform the commission of a business relationship with El Paso Electric Co., the commission made clear Enron could be required to pay much more.
Karen Denne, Enron spokeswoman, said the company was reviewing the order and declined further comment.

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