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’.
UK private investor Endless LLP acquires the high street retailer, saving 840 jobs
Three new partners and seven business restructuring advisers have been appointed to the new Preston office
Political and economic uncertainty behind the fall in confidence
Just Racing Services, operating company of the Manor Racing Formula One team has entered administration