... gas in North America and the United Kingdom. They began trading natural gas commodities in 1989 as well as electricity in 1994 and became the largest marketer of electricity in the United States shortly thereafter. Lay was unsatisfied with trading only gas and electricity and began branching out and trading commodities such as; metals, coal, chemicals, fiber-optic bandwidth, and paper. Lay also ... acquired Portland General Electric, one of the largest providers of electricity in the state of Oregon. Enron's rapid growth had a similar effect on the price of Enron stock. In this time spa...

• Word Count: 713
• Approx Pages: 3

Enron, the Houston, Texas based company, created in 1985, grew into the nation's seventh largest company in revenue by providing electricity to its consumers. With the company's assets estimated at $62 billion, what lead this impressive corporation to file for bankruptcy? I believe that Enron's collapse was accredited to the failure of ... its trading commerce. Enron officials have acknowledged that the company had overstated its profits by more than $580 million since 1997. It made a series of bad investments in power plants, electricity and gas distribution units, pipelines, and paper mill...

• Word Count: 510
• Approx Pages: 2
• Grade Level: Undergraduate

... the world's leading energy, commodities and services companies. Enron was formed in July 1985 as a result of the merger of Houston Natural Gas and InterNorth of Omaha, Nebraska. Enron markets electricity and natural gas, delivers energy and other physical commodities, and provides financial and risk management services to customers around the world. Enron divides its business into three core areas, wholesale ... example of successful corporate America. Enron was born in July 1985 when Houston Natural Gas merged with Omaha-based InterNorth. • Dec. 2, 2001: Enron, once one of the world'...

• Word Count: 1674
• Approx Pages: 7
• Grade Level: High School

Company Name: Enron Background: Enron is a large, complex corporation that made a killing selling electricity. Much like many big corporations, Enron had it's good side and a bad side. In the year of 2002, the bad side of Enron was revealed to the nation. Enron filed ... been the chief executive officer of Houston Natural Gas, was named chairman and chief executive officer of the company we now known as Enron. In 1994, Enron made its first electricity trade, beginning what would turn out to be one of the company's biggest profit centers for the next few years. It took just over 15 years for ...

• Word Count: 1298
• Approx Pages: 5

... banks to brokers and auditors to analysts have been put on trial for defrauding the entire US investment system. After sixteen years in business and becoming one of the "largest electricity and natural gas traders"(timeline) on December 2, 2001 Enron filed for chapter 11 bankruptcy protection with the government. This came shortly after the company filed "documents with the SEC revising ... ...

• Word Count: 1040
• Approx Pages: 4
• Grade Level: Undergraduate

... produce $89 million of profit it would be posted, but there was one problem the pipeline hadn't been built yet. With the high tech boom Enron moved its gas and electricity online, hoping to cash in on the high stock prices of the dot-coms. Enron sold Wall Street and as a result the stock tripled in value from 1998 to 2000 ... ...

• Word Count: 1055
• Approx Pages: 4
• Grade Level: High School

... is an interstate pipeline company was formed by merging with Houston Natural Gas and Internorth. Just fifteen years Enron has grown into global trading.They were trading natural gas, commodities, electricity and had established their own website EnrononLine.Enron became the seventh largest US company in revenue. Their 401K (which is like a saving retirement plan) held a lot of Enron stock. Over ... ...

• Word Count: 1748
• Approx Pages: 7
• Grade Level: High School

... energy trading company. Company success came about because of Enron's ability to exploit the trading opportunities brought about by deregulation in the late 1980's allowing users to buy gas or electricity from a number of producers. Before long it was the darling of Wall Street as analysts heaped praise on the firm for its "unique" approach in bringing high-tech complex finance ... ...

• Word Count: 1302
• Approx Pages: 5
• Grade Level: Undergraduate

... deregulation of electrical power markets, a change due in part to lobbying from senior Enron officials. Under the direction of former Chairman Kenneth L. Lay, Enron expanded into an energy broker, trading electricity and other commodities. The Business of Enron Enron became a giant middleman that worked like a hybrid of traditional exchanges. But instead of simply bringing buyers and sellers together, Enron entered the ... ...

• Word Count: 797
• Approx Pages: 3
• Grade Level: Undergraduate

... of the natural gas futures. This was all done based on speculation of gas prices, which was hyped up after it was deregulated. Enron then got their hands onto the electricity market, which then was also deregulated. Between the years of 1999 and 2000, they merely doubled sales, and from 1996 to 2000 sales grew an astonishing 57%. If they would ... ...

• Word Count: 2824
• Approx Pages: 11
• Grade Level: High School