Arthur

A former Arthur Andersen LLP accountant Monday testified that Enron Corp. tried to avoid reporting millions of dollars in losses within its water subsidiary by announcing in mid-2001 that it would invest $1 billion in the failing business. However, no evidence of its growth strategy was ever found, John R. Sult told jurors.

“Too little gas in storage is a very dangerous thing,” Houston analyst Arthur Gelber, told attendees at the LDC Forum in Atlanta last Tuesday.

“Too little gas in storage is a very dangerous thing,” Houston analyst Arthur Gelber, told attendees at the LDC Forum in Atlanta Tuesday.

Capping off a year-long probe into Arthur Andersen’s role in the collapse of Enron Corp., the House Energy and Commerce Committee last Tuesday referred criminal charges to the Justice Department against former Enron auditor’s in-house counsel, Nancy Temple, for allegedly providing false testimony last January to a congressional panel that was investigating the shredding of Enron documents.

Arthur L. Smith, CEO of the venerable energy research firm John S. Herold Inc., offered a prayer for the new year to oil and gas executives meeting in Houston last week: “Lord,” he pleaded, “let 2003 be boring.”

Arthur L. Smith, CEO of the venerable energy research firm John S. Herold Inc., offered a prayer for the new year to oil and gas executives meeting in Houston this week: “Lord,” he pleaded, “let 2003 be boring.”

Capping off a year-long probe into Arthur Andersen’s role in the collapse of Enron Corp., the House Energy and Commerce Committee Tuesday referred criminal charges to the Justice Department against the former Enron auditor’s in-house counsel, Nancy Temple, for allegedly lying last January to a congressional panel that was investigating the shredding of Enron documents.

U.S. District Judge Melinda Harmon handed Arthur Andersen LLP the maximum sentence in Houston on Wednesday — five years probation and a $500,000 fine — for obstructing justice in its handling of Enron Corp.-related documents that stymied a federal investigation of the company’s finances. Although it seemed minuscule when compared to the substantial market damage caused by the Enron scandal, the punishment was the harshest allowed under law. Andersen attorneys said they would appeal.

U.S. District Judge Melinda Harmon handed Arthur Andersen LLP the maximum sentence in Houston on Wednesday — five years probation and a $500,000 fine — for obstructing justice in its handling of Enron Corp.-related documents that stymied a federal investigation of the company’s finances. Although it seemed minuscule when compared to the substantial market damage caused by the Enron scandal, the punishment was the harshest allowed under law. Andersen attorneys said they would appeal.