Personnel Moves and Promotions: Dynegy takes possession of disputed Enron pipeline, names unit's president

Houston-based energy marketer Dynegy Inc. took temporary possession of Enron Corp.'s Northern Natural Gas (NNG) pipeline Jan. 31 and named Dan Dienstbier as the pipeline's president. DienstbierClick here to enlarge imageDynegy acquired the pipeline after Houston-based Enron failed to repay a $1.5 billion equity infusion Dynegy made as part of its failed attempt to merge with Enron last fall. After the merger proposal fell through, Dynegy claimed the right to acquire the pipeline, which had been put up as collateral for the $1.5 billion in cash. Following Dynegy's withdrawal from the merger, Enron sued to stop Dynegy from acquiring the pipeline, but unless Enron raises enough ...

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