Enron's original bankruptcy reorganization plan, presented in early 2002, would have created a company broadly similar to Prisma (known under the working name "OpCo Energy"), but including Portland General Electric and the energy trading business, both later divested separately.
[1] Prisma was structured as an 'offshore' United States corporation incorporated in the British Overseas Territory of the Cayman Islands, but with its headquarters in Houston, Texas.
Its subsidiary, Prisma Energy International Services LLC, employed approximately 125 individuals, most at its headquarters in Houston, Texas.
The power distribution business consisted of Elektro Eletricidade, a Brazil-based company with 1.8 million customers.
Despite earlier plans to spin off Prisma as an independent, public company, Enron instead reached a deal to sell the business outright to a unit of the London-based Ashmore Group.