Former Enron chief, Jeffrey Skilling, to have his prison term reduced

Jeffrey Skilling, the former Enron Corp chief executive, has reached an agreement with federal prosecutors that could result in his 24-year prison term over the energy company's collapse being shortened.

According to court papers, the US government and Skilling have agreed to recommend that he be resentenced at a 21 June hearing to a term of between 14 and 17 and a half years, a period that could be shortened for good behaviour. Skilling has already served over six years following his 2006 conviction for fraud and other charges.