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Clouds will be on the increase Wednesday ahead of our next good risk of rain Thursday evening into Friday. Chilly temperatures tonight with lows in the middle to upper 30's in the Lakes Area to near 40 in the Triangle.
Lakes Area Forecast.....
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.