1. Despite Denial, Enron Papers Show Big Profit on Price Bets.
- Author
-
Barboza, David
- Subjects
- *
ENERGY industries , *BANKRUPTCY , *UNITED States governmental investigations , *MISLEADING financial statements - Abstract
Reports that Enron was betting on the direction of gas and electricity prices, despite denials from the company's top executives. Profits that were gained during the California energy crisis; Profits that coincide with Enron's manipulation of power and natural gas prices in the West; Acknowledgment of betting from several Enron trading officials; Trading practices that are being reviewed by federal and California state investigators; Struggle of Enron to emerge from Chapter 11 bankruptcy; Argument that Enron thought they could beat the system; Information provided by Enron that was misleading.
- Published
- 2002