Ex-Enron CEO Skilling’s Sentence To Be Reduced

Federal prosecutors and attorneys for former Enron CEO Jeffrey Skilling say they have reached an agreement that will reduce the jailed executive's sentence for his role in the energy giant's collapse.

Under the agreement, Skilling’s original sentence of more than 24 years would be reduced to somewhere between 14 and 17 ½ years. The final decision on the length of the sentence will be made by U.S. District Judge Sim Lake at a June 21 hearing here in Houston.

Skilling’s attorney Daniel Petrocelli says the agreement “brings certainty and finality to a long, painful process.”

Justice Department spokesman Peter Carr says the deal will allow victims of Enron’s collapse to finally receive the more than $40 million in restitution they are owed.

Skilling has been waiting to be re-sentenced after a federal panel ruled in 2009 that a sentencing guideline had been misapplied. He was convicted in 2006 for his role in Enron’s downfall.


Andrew Schneider

Andrew Schneider

Politics and Government Reporter

Andrew heads Houston Public Media’s coverage of national, state, and local elections. He also reports on major policy issues before the Texas delegations in the U.S. House and Senate, as well as the Texas governorship, the state legislature, and county and city governments. Before taking up his current post, Andrew...

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