Enron Corp. will create a new pipeline company, PipeCo, to run three North American pipelines. The new company, temporarily referred to as PipeCo, would include Enron’s interests in Transwestern Pipeline Company, Citrus Corp., and Northern Plains Natural Gas Company. PipeCo was expected to be a new company governed by an independent board of directors. After the bankruptcy case was resolved, PipeCo shares would be distributed to creditors.
