| Dec. 2001 | Enron files for bankruptcy protection following the massive fraud that led to its collapse. | Event Color Key |
| Jan. 2002 | Enron announces in Master Agreement that UBS Warburg will purchase its North American wholesale natural gas and power trading for a 1/3 of share of the businesses future profits. |
| Feb. 2002 | Enron announces plan to restructure Board of Directors as part of Chapter 11 reorganization process, whereby existing board members are mandated to resign within 30 days. |
| March 2003 | Enron agrees to retain its three pipeline companies, Transwestern Pipeline Company, Citrus Corp., and Northern Plains Natural Gas Company, as subsidiaries of new company temporarily called PipeCo. |
| May 2003 | Enron agrees to retain most overseas power plants, pipelines and utility businesses as subsidiaries of new company temporarily called InternationalCo. |
| June 2003 | Enron announces formal organization of PipeCo as CrossCountry Energy LLC, and InternationalCo as Prisma Energy International Inc. |
| July 2003 | Enron files bankruptcy reorganization plan. |
| Jan. 2004 | Bankruptcy court approves Enron's disclosure statement related to the bankruptcy plan of reorganization. |
| June 2004 | Enron announces sale of CrossCountry Energy LLC to CCE Holdings Inc. for $2.35 billion. |
| Nov. 2004 | Enron announces new Board of Directors, including appointment of John J. Ray III as Chairman. |
| Dec. 2004 | GE Commercial Finance and Southern Union finalize purchase of CrossCountry Energy for $2.45 billion. |
| July 2005 | Enron settles Royal Bank of Scotland MegaClaims litigation for $20 million; bank subordinates or disallows $343 million in claims. For more information on the MegaClaims litigation, please click here. |
| July 2005 | Royal Bank of Canada agrees to pay $49 million to settle MegaClaims litigation. For more information on the MegaClaims litigation, please click here. |
| Aug. 2005 | Canadian Imperial Bank of Commerce agrees to pay $274 million; bank subordinates or disallows $53 million in claims in connection with MegaClaims litigation. For more information on the MegaClaims litigation, please click here. |
| Aug. 2005 | Toronto-Dominion Bank agrees to pay $130 million; bank subordinates or disallows $55 million in claims in connection with the MegaClaims litigation. For more information on the MegaClaims litigation, please click here. |
| Aug. 2005 | JPMorgan Chase agrees to pay $982 million; subordinates or disallows $83 million in claims in connection with the MegaClaims litigation. For more information on the MegaClaims litigation, please click here. |
| Jan. 2006 | Enron announces the appointment of John. J. Ray III as President, and the Board, through the establishment of a wholly-owned company, becomes plan administrator. |
| April 2006 | Enron makes $4.67 billion distribution to creditors consisting of more than $4.1 billion in cash and shares of Portland General Electric ("PGE") Company stock valued at $568 million. PGE becomes independent, publicly-traded utility after Enron completes initial distribution of PGE stock to creditors. |
| May 2006 | Credit Suisse agrees to pay $94 million; subordinates or disallows $361 million in claims in connection with the MegaClaims litigation. For more information on the MegaClaims litigation, please click here |
| June 2006 | Law firm Vinson & Elkins LLP agrees to pay $30 million to settle a claim that the company committed legal malpractice by failing to respond to red flags about Enron's accounting practices. |
| July 2006 | Merrill Lynch agrees to pay $29.5 million; subordinates or disallows $73 million in claims in connection with the MegaClaims litigation. For more information on the MegaClaims litigation, please click here. |
| Sept. 2006 | Enron finalizes $2.9 billion sale of Prisma Energy International to Ashmore Energy International Ltd. |
| Oct. 2006 | Fleet Bank agrees to pay $10.4 million; subordinates or disallows $634 thousand in claims in connection with the MegaClaims litigation. For more information on the MegaClaims litigation, please click here. |
| Oct. 2006 | Distributions worth approximately $3.4 billion are made to creditors consisting of more than $3.3 billion in cash, plus shares of Portland General Electric Company stock valued at $34.4 million. |
| Nov. 2006 | Barclays agrees to pay $144 million in connection with the MegaClaims litigation. For more information on the MegaClaims litigation, please click here. |
| Jan. 2007 | Houston-based law firm Andrews & Kurth agrees to pay $18.5 million to settle potential malpractice claims stemming from legal advice on various transactions. |
| March 2007 | Enron changes corporate name to Enron Creditors Recovery Corporation ("ECRC") to reflect primary goal of monetizing assets and prosecuting litigation for the benefit of creditors. |
| April 2007 | Lehman Brothers Holdings, Inc. settles its Equity Transaction litigation for $69.9 million. For more information on the Equity Transaction litigation, please click here. |
| April 2007 | Distributions of approximately $1.8 billion were made to creditors consisting of cash of almost $1.7 billion and shares of Portland General Electric Company stock valued at approximately $171 million. |
| June 2007 | UBS AG agrees to pay $115 million in connection to the Equity Transaction litigation. For more information on the Equity Transaction litigation, please click here. |
| June 2007 | Credit Suisse settles its case with Enron Creditors Recovery Corp with respect to the Equity Transaction litigation for $61.5 million. For more information on the Equity Transaction litigation, please click here. |
| July 2007 | ECRC announces it will receive $149 million from 72 of its lenders, including Lehman Commercial Paper Inc. and numerous other customers of Lehman. |
| Oct. 2007 | Distributions of approximately $1.7 billion were made to creditors consisting of $1.67 billion in cash and Portland General Electric Company Common Stock equivalents (in the form of cash) of approximately $74.8 million. |
| October 2007 | Bear Stearns settles its Equity Transaction litigation with Enron Creditors Recovery Corp. for $1 million and the waiver of other claims. This settlement ends the Equity Transactions litigation. For more information on the equity transaction litigation, please click here. |
| December 2007 | Deutsche Bank AG agrees to pay $25 million; subordinates or disallows $416 million in claims in connection with the MegaClaims litigation. For more information on the MegaClaims litigation, please click here.* |
| April 2008 | Citigroup trial set to begin in the MegaClaims litigation. |
