Enron gets extension to solicitation period to July 31

By Jeff Pines

Washington, May 6 - Enron Corp. obtained a court order extending its exclusive period to solicit acceptances to July 31, according to a Thursday filing with the U.S. Bankruptcy Court for the Southern District of New York.

Enron said it needed the extension to address the more than 100 objections it had received to confirming the plan.

It also had the support of the examiner appointed to investigate its Enron North America subsidiary.

The Houston-based energy company was concerned that if it did not get the extension, it might have to compete with other plans and that might have "destabilizing effects."

Enron filed for bankruptcy on Dec. 2, 2001. Its Chapter 11 case number is 01-16034.

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