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’.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies