Ex-Enron CEO Jeff Skilling's Sentence Cut to 14 Years

Jeffrey Skilling was re-sentenced at Houston's federal courthouse this afternoon. The former Enron CEO was given a new sentence of fourteen years in prison.

Skilling’s new prison term was the minimum allowed under federal guidelines. He was originally sentenced to more than twenty-four years.

Daniel Petrocelli, Skilling’s lead defense attorney, says that — with credit for good behavior and other factors — the former Enron chief may be released as early as 2017.

“With the various reductions that apply to the sentence, given the time that he’s already served, we’re going to mark our calendar about four years from now, when we hope to pick him up”

The deal to reduce the sentence brings to an end a long series of appeals by Skilling’s legal team. It will free up $41 million in assets seized from Skilling’s estate, allowing for their redistribution to Enron victims.

Bio photo of Andrew Schneider

Andrew Schneider

Business Reporter

Andrew Schneider joined KUHF in January 2011, after more than a decade as a print reporter for The Kiplinger Letter...