Editing Enron (section)

===Post-bankruptcy===
Enron initially planned to retain its three domestic pipeline companies as well as most of its overseas assets. However, before emerging from bankruptcy, Enron sold its domestic pipeline companies as CrossCountry Energy for $2.45 billion <ref>{{Cite journal|last=Shook|first=Barbara|date=September 3, 2004|title=Deals Mark Demise of Energy Merchant Business|url=http://www.highbeam.com/doc/1G1-121550619.html|archive-url=https://web.archive.org/web/20150903223316/http://www.highbeam.com/doc/1G1-121550619.html|url-status=dead|archive-date=September 3, 2015|journal=[[Oil Daily]]|publisher=Energy Intelligence Group, Inc.|access-date=June 22, 2014}}</ref> and later sold other assets to [[Vulcan Capital Management]].<ref>{{cite web|url=http://capital.vulcan.com/pdf/release_20040809.pdf|title=Vulcan's pipeline grip|archive-url=https://web.archive.org/web/20121028162512/http://capital.vulcan.com/pdf/release_20040809.pdf|archive-date=October 28, 2012|publisher=Investing Private Capital|date=August 2004}}</ref>

Enron sold its last business, [[Prisma Energy]], during 2006, leaving Enron asset-less.<ref>{{Cite web|url=http://www.marketwatch.com/story/enron-closes-sale-of-prisma-energy-to-ashmore|title=Enron closes sale of Prisma Energy to Ashmore|last=Hunt|first=Katherine|website=MarketWatch|access-date=April 1, 2016}}</ref> During early 2007, its name was changed to Enron Creditors Recovery Corporation. Its goal was to repay the old Enron's remaining creditors and end Enron's affairs. In December 2008, it was announced that Enron's creditors would receive $7.2 billion from the company's liquidation (approximately 17 percent of the debts owed by the company). After [[Citigroup]] and [[JP Morgan Chase]] were sued for their role in abetting Enron's practices with loans, the two companies agreed to give billions of dollars to Enron's creditors. By May 2011, $21.8 billion had been distributed to the creditors, totaling 53 percent of Enron's debts at the time of bankruptcy.<ref>Linda Sandler, [https://www.bloomberg.com/news/articles/2012-01-13/enron-creditors-pocket-21-8-billion-in-cash-stock-1- "Enron Creditors Get 53 Percent Payout, Aided by Lawsuit Accords"], [[Bloomberg News]], January 14, 2012.</ref><ref>[https://web.archive.org/web/20130726190938/http://www.enron.com/ "Enron Creditors Recovery Corp."], archived at the [[WayBack Machine]] on July 26, 2013.</ref> Enron Creditors Recovery Corporation was ultimately dissolved on November 28, 2016.<ref>[https://opencorporates.com/companies/us_tx/0011128906 "Enron Creditors Recovery Corp."], [[OpenCorporates]].</ref>

Azurix, the former water utility part of the company, remains under Enron ownership, although it is currently asset-less. It is involved in several litigations against the government of [[Argentina]] claiming compensation relating to the negligence and corruption of the local governance during its management of the Buenos Aires water concession in 1999, which resulted in substantial amounts of debt (approx. $620&nbsp;million) and the eventual collapse of the branch.<ref>{{Cite web|url=http://www.indyprint.info/wp-content/themes/expansion/development/merchantcashadvance.html|title=Merchant Cash Advance Executive Comes Clean On Industry's Dirty Lending Tactics|website=IndyPrint.info|access-date=November 3, 2016|archive-url=https://web.archive.org/web/20161104045837/http://www.indyprint.info/wp-content/themes/expansion/development/merchantcashadvance.html|archive-date=November 4, 2016|url-status=dead}}</ref>

Soon after emerging from bankruptcy in November 2004, Enron's new board of directors sued 11 financial institutions for helping Lay, Fastow, Skilling, and others hide Enron's true financial condition. The proceedings were dubbed the "megaclaims litigation". Among the defendants were [[Royal Bank of Scotland]], [[Deutsche Bank]] and Citigroup. {{As of|2008}}, Enron has settled with all of the institutions, ending with Citigroup. Enron was able to obtain nearly $7.2 billion to distribute to its creditors as a result of the megaclaims litigation.<ref>{{cite web |url=http://edition.cnn.com/2008/US/09/09/enron.settlement/index.html |title=Enron investors to split billions from lawsuit |publisher=CNN |access-date=July 20, 2017 |archive-date=November 21, 2020 |archive-url=https://web.archive.org/web/20201121110915/http://edition.cnn.com/2008/US/09/09/enron.settlement/index.html |url-status=dead }}</ref> As of December 2009, some claim and process payments were still being distributed.

Enron has been featured since its bankruptcy in popular culture, including in ''[[The Simpsons]]'' episodes "[[That '90s Show (The Simpsons)|That '90s Show]]"     (Homer buys Enron stock while Marge chooses to keep her own [[Microsoft]] shares) and "[[Special Edna]]", which features a scene of an Enron-themed amusement park ride. The 2007 film ''[[Bee Movie]]'' also featured a joke reference to a [[parody]] company of Enron called "Honron" (a play on the words honey and Enron). The 2003 documentary [[The Corporation (2003 film)|''The Corporation'']] made frequent references to Enron post-bankruptcy, calling the company a "bad apple".