Enron obtains approval for $10.3 million asset sale, auction of Enron Broadband

By Carlise Newman

Chicago, Dec. 11 - Enron Corp. obtained court approval for the sale of additional assets, including the sale of Green Power Partners 1 LLC to FPL Energy LLC for $10.3 million. Enron also scheduled an auction date for the sale of its fiber optic unit, Enron Broadband Services Inc.

Objections to the sale from Wintec Energy Ltd.; Palm Energy Properties; Frederick and Sara Noble; and Mission Iowa Wind Co. are overruled.

Enron scheduled an auction for the sale of Enron Broadband to Metropolitan Fiber Systems for Jan. 14. Competing higher bids for the assets are due by Jan. 9. Bids must be no less than $50,000 greater than the purchase price.

Both documents were filed in the U.S. Bankruptcy Court for the Southern District of New York.

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