Article: EOTT Energy Partners, L.P. Proceeds With Restructuring as EOTT Energy Corp. Joins EOTT's Voluntary Pre-Negotiated Restructuring Plan.

EOTT Energy Partners, L.P. (OTC Pink Sheets: EOTPQ) announced today that its general partner, EOTT Energy Corp., filed a Chapter 11 proceeding for purposes of joining in the voluntary, pre-negotiated restructuring plan that EOTT Energy Partners, L.P. and its subsidiaries (EOTT) filed on October 8. This move is another step in EOTT's restructuring plan to formalize a complete legal separation from Enron. EOTT Energy Corp. will cease to exist upon confirmation of the plan of reorganization. Also upon confirmation, the restructuring plan will allow EOTT to significantly reduce its debt and restructure its finances. EOTT anticipates the restructuring will be completed in ...

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