According to reports, the claim relates to a gas contract signed when London Electricity bought Enron’s gas-fired power station in Lincolnshire two years ago.
As part of the deal Enron agreed to supply the power station with gas for 14 years – but this was terminated when Enron Europe went into administration last November.
In February, PwC confirmed that liabilities at Enron Europe, the holding company for the European companies, were likely to run into the ‘billions of pounds’.
Just Racing Services, operating company of the Manor Racing Formula One team has entered administration
Last year 16 oil and gas companies became insolvent, finds Top Ten firm Moore Stephens
Team Rock the publication of classic rock is in administration with FRP Advisory
Lifestyle Living UK is being marketed for sale by FRP Advisory administrators