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www-myplainview-com-2567		Santa Clara to pay Enron creditors $36.5 million to settle suit - Plainview Herald			.html	text/html	666	72	66	Santa Clara to pay Enron creditors $36.5 million to settle suit Plainview Herald https://www.myplainview.com/news/article/Santa-Clara-to-pay-Enron-creditors-36-5-million-8595521.php Santa Clara to pay Enron creditors $36.5 million to settle suit Enron, the scandal-plagued power supplier that collapsed into bankruptcy proceedings in 2001, sued Santa Clara the following year, claiming officials owed it $147 million for terminating two electricity contracts ahead of schedule. Santa Clara stopped paying Enron in December 2001 after the company ceased delivering promised electricity, said Junona Jonas, utility director for Silicon Valley Power, the city-owned electricity utility. While Silicon Valley Power contended it was Enron that ended the contracts when it couldn't deliver electricity, the utility settled to avoid further legal costs. The settlement also calls for Santa Clara to get an unsecured bankruptcy claim of $4 million against Enron assets. Santa Clara spent $5 million fighting the suit, which was filed in bankruptcy court in New York, Jonas said. Santa Clara ratepayers aren't the first to pay Enron.	./cache/www-myplainview-com-2567.html	./txt/www-myplainview-com-2567.txt