scroll to top
Stuck on your essay?
Get ideas from this essay and see how your work stacks up
Word Count: 1,305
History of Enron Enron with 21000 employees and international offices around the globe was the seventh largest company in America and one of the worlds largest energy commodities and Services Company Before its bankruptcy it marketed electricity and natural gas delivered energy and other physical commodities and provided financial and risk management services to customers worldwide Based in Houston Texas Enron was formed in July 1985 by the merger of Houston Natural Gas and InterNorth of Omaha Nebraska Initially a natural gas pipeline company Enron rapidly evolved from delivering energy to brokering energy futures as energy markets was deregulated The company began marketing electricity in 1994 and entered the European energy market in 1995 In 1999 Enron launched a plan to buy and sell access to high-speed Internet bandwidth and it launched Enron Online a Web-based commodity-trading site making it an e-commerce company The company reported revenues of 101 billion in 2000 It had stakes in nearly 30000 miles of gas pipeline owned or had access to a 15000-mile fiber optic network and had a stake in electricity generating operations around the world Within the time of one year Enron spent 100 million dollars buying thousands of miles of cable across the country and buying rights to thousands more Many people thought that Enron had found yet another gold mine The Collapse But behind all the raves and critics trading never really took off Also many senior advisors for Enron said that Enron Broadband Services was just a huge out of control spending scheme Though Enron seemed to be tricking many in the broadband services they didnt really fool around with tricking people in water or electricity they in a way knew that people needed those items to survive Its spectacular collapse has had almost as big an impact in Europe as in the US The energy traders bankruptcy has sent European banks investors electricity consumers and champions of Europewide energy deregulation reeling And
@Kibin is a lifesaver for my essay right now!!
- Sandra Slivka, student @ UC Berkeley
Wow, this is the best essay help I've ever received!
- Camvu Pham, student @ U of M
If I'd known about @Kibin in college, I would have gotten much more sleep
- Jen Soust, alumni @ UCLA