Former energy giant Enron Corp.’s rapid fall from grace and descent into bankruptcy became the center of attention on Capitol Hill and elsewhere in Washington, DC, last week, as legislators and regulators warned of more Enron-like companies that were top-heavy in debt, calling for more transparent and frequent financial reporting by companies, simpler accounting rules, stepped-up oversight by the Securities and Exchange Commission (SEC) and legislative changes to protect employee pension plans. In short, they see Enron’s collapse as just the tip of the iceberg.
Descent
Articles from Descent
Prices Slightly Softer; Descent Likely to Get Steeper
Cash prices were unable to sustain this week’s earlier upwardmomentum and were turning modestly softer Wednesday. Severalsources expected declines to grow greater today since most of thescreen’s dive of nearly a dime Wednesday followed release of AGA’sstorage report, well after cash trading had been completed.
May 4, 2000
Northeast Sees Big Descent; Mildly Higher Otherwise
The bloom was off the Northeast price rose Friday as weekendcitygate quotes began plunging back to earth. The non-Northeastmarket ranged from flat to a little more than a nickel higher.
January 24, 2000
Except for Rockies, Price Descent Slows
With freezing temperatures essentially a no-show throughout theU.S., cash prices continued to decline in most markets Wednesday,with the biggest declines occurring in the supply-engorged Rockies.However, except for western points most of the softness was mild,and some Northeast citygates registered moderate upticks.
November 11, 1999
Prices Continue to Slide but at a Slower Pace
Cash prices continued this week’s slide Wednesday, although thedescent wasn’t as steep as on the day before. Most of the newdeclines were around a dime or slightly more. The few pipes fallingless than a dime tended to be clustered in the Midcontinent.
September 16, 1999
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