PriceWaterhouseCoopers appointed administrator of Enron Europe assets

Accounting firm PriceWaterhouseCoopers late last month said it has been appointed administrator of Enron Corp.'s London-based European operation, after the Houston energy giant's subsidiary sought protection from creditors under UK laws.The appointment follows the credit-downgrading of Enron and the impact that has had on its ability to continue to trade, PWC said in a statement (see related story, p. 38).What's involvedPWC said Enron's $1.3 billion, 1,875 Mw Teesside, UK, power station and the utilities and service businesses at the Wilton, UK, chemicals complex were not included in the administration order. Tony Lomas, one of four PWC administrators appointed to Enron, s...

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