Enron

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Enron

An energy company that perpetrated one of the largest accounting frauds in history. Established in its latest form in 1985 in Omaha, it moved its headquarters to Houston and provided oil, natural gas, electric, water, and bandwidth products. Its share price eventually climbed to $85 because it used what it termed "innovative" techniques, including weather futures, to build its profit. In 2001, however, it was revealed that many of its assets were either overpriced or completely fictional; losses were hidden in offshore subsidies; and most profits were fraudulent. Its share price collapsed to $0.30 and Enron filed for bankruptcy in December 2001. See also: Arthur Andersen, WorldCom, Tyco International.
References in periodicals archive ?
Mark Hewett, president of Northern Natural Gas Company, blasted the investigation in highly acerbic terms.
REX-West is a 713 mile, 42-inch pipeline with deliveries available on the system to interconnects with Kinder Morgan Interstate Gas Transmission, Northern Natural Gas Company, Natural Gas Pipeline Company of America, ANR and Panhandle Eastern Pipeline Company.
The pipeline will also interconnect with the pipeline systems of Kinder Morgan Interstate Gas Transmission, Northern Natural Gas Company, Natural Gas Pipeline Company of America and ANR.
Northern Natural Gas Company, a MidAmerican Energy Holdings Company, has retained Paradigm for three years to help identify specific stakeholder audience addresses.
The new pipeline would extend from the Cheyenne Hub to interconnections with KM Inc.'s Natural Gas Pipeline Company of American in Lincoln County, KS, as well as Northern Natural Gas Company and KMIGT's existing Pony Express line, both in Ottaw County, KS.
Reports are not yet available on the response to El Paso Energy Corporation's non-biding open season for a new interstate pipeline to transport natural gas between the Raton Basin and the interstate pipelines of El Paso Natural Gas and Northern Natural Gas Company in Moore County, TX.
There it connects with the system of Natural Gas Pipeline Company of America, which is owned by Kinder Morgan, and Northern Natural Gas Company, which is owned by Enron.

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