Several senators are making noise about bankrupted energy giant Enron getting back into the lobbying game, as the company pushes politicians to approve a bill that could save the company $500 million in termination fees.
Several public utility companies in Washington, California and Nevada, negotiated long-term deals with Enron before the discovery of a massive accounting fraud led the company to file for bankruptcy in 2001. When the utilities canceled their wholesale-energy contracts, Enron assessed millions in early termination fees under a provision in the original contracts.
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