Does India really need Enron phase II?
Enron's audit committee had more expertise than many.
Even Enron wasn't this ham-handed.
Enron owned or operated 38 electric power plants worldwide:.
These ratings triggers were instrumental in the collapse of Enron.
Enron traded in more than 30 different products,
including the following:.
Fortune named Enron"America's Most Innovative Company" for six consecutive years.
The fact is, turfing out Enron will do India great harm.
Enron sold its last business, Prisma
Energy, during 2006, leaving Enron asset-less.
In August 2000, Enron's stock price hit its highest value of $90.
One Enron accountant revealed"We tried to aggressively use the literature[GAAP]
to our advantage.
During August 2000, Enron's stock price attained its greatest value of $90.56.
In 2001, Texas-based energy giant Enron shocked the world by declaring bankruptcy.
Before its scandal, Enron was lauded for its sophisticated financial risk management tools.
It was sold for $55.5 million, just before Enron moved out in 2004.
Enron sold its last business, Prisma Energy, in
2006, leaving it as an asset-less shell.
The oil giant, Enron was exposed in 2001 for"cooking the books" to misrepresent profits.
Enron's bankruptcy downfall was attributed to its reckless
use of derivatives and special purpose entities.
Empresa Energetica Corinto(Nicaragua)-
holding company for"Margarita II" 70.5 MW power barge, Enron had 35% share.
In 1993, the Congress government of Maharashtra signed a power purchase agreement with Enron.”.
Getting here has required a long, challenging effort,
but the results for Enron investors are unprecedented.
In its 2000 review of best corporate boards,
Chief Executive included Enron among its five best boards.
A few days later, sources claimed Enron and Dynegy were renegotiating the terms of their arrangement.
Enron initially planned to retain its three domestic pipeline
companies as well as most of its overseas assets.
To pay its creditors, Enron held auctions to sell assets including art, photographs,
logo signs, and its pipelines.
Enron Wind(formerly Zond)-
manufacturer of wind power turbines and related systems, with factories in USA, Spain, Portugal, and Germany.
Enron president
and chief operating officer Jeffrey Skilling began advocating a novel idea: the company didn't really need any"assets.
In 1985, Kenneth Lay merged the natural gas pipeline companies of Houston Natural Gas and
InterNorth to form Enron.
Chief Accounting Officer Rick Causey was indicted with six felony charges for disguising Enron's financial condition during his tenure.
The question now became how to determine the total exposure of the markets and other traders to Enron's failure.