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The cool front has moved offshore into the Gulf this evening with drier and cooler air taking over tonight through the weekend.  Lows will likely fall into the 40's by Saturday and Sunday mornings.  No rain ...

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Washington Times

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The following is an archived video story. The text content of that video story is available below for reference. The original video has been deleted and is no longer available.

Ex-Enron CEO Skilling awaits reduction of sentence

By JUAN A. LOZANO

HOUSTON (AP) -- Ex-Enron Corp. CEO Jeffrey Skilling, already in prison for his role in the once mighty energy giant's collapse, is set to learn if his more than 24-year prison sentence could be reduced by as many as 10 years.

Skilling is to be resentenced Friday during a federal court hearing in Houston. His original sentence is expected to be reduced to between 14 and 17.5 years.

His resentencing is part of a court-ordered reduction of his prison term and a separate agreement with prosecutors that will allow for the distribution of around $41 million in restitution to victims of Enron's collapse.

Some Enron victims are expected to speak during the resentencing hearing.

Skilling, the highest ranking Enron official convicted for the Houston-based company's downfall, has been in prison since 2006.

 

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