One of the most successful natural gas merchants in North America, Enron Creditors Recovery Corporation was established by Kenneth Lay in 1985 from the merger of big natural gas pipeline firms InterNorth and Houston Natural Gas. The approval of legislation in the U.S. concerning the deregulation of natural gas sale is one of the events that affected the outstanding financial performance of the company in the 1990s. The development of the online business model known as EnronOnline also contributed to the popularity of the company in November 1999. However, stockholders were alarmed by the sudden decision of the firm to file for Chapter 11 bankruptcy protection in December 2001.
History of the Company
Why did Enron go bankrupt? There are several reasons for the bankruptcy of the firm. One...


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