Enron

A Houston judge may decide Wednesday whether to allow former Enron Corp. Chairman Kenneth Lay to have a separate trial from his alleged co-conspirators, former CEO Jeffrey Skilling and former Chief Accounting Officer Richard Causey. Lay’s attorney, who made the request on Monday, also requested that the trial, whether before a jury or not, begin by mid-September.

American Electric Power completed its purchase Friday of Enron Corp.’s intrastate natural gas pipeline subsidiary, Houston Pipe Line Co. The $726.6 million transaction gives AEP, headquartered in Columbus, OH, a 30-year pre-paid lease related to the operation of one of North America’s largest storage facilities, the Bammel Storage Facility and HPL’s inventory.

In a significant victory for federal prosecutors who are pursuing other high-profile fraud cases post-Enron, a Houston jury late Thursday convicted former Dynegy Inc. executive Jamie Olis, 37, on six counts of fraud.

Florida Gas Transmission (FGT), which is jointly owned by El Paso Corp. and Enron Corp., said Wednesday that it placed the second half of its Phase VI expansion facilities into service at the start of the winter heating season on Nov. 1.

Florida Gas Transmission (FGT), which is jointly owned by El Paso Corp. and Enron Corp., said Wednesday that it placed the second half of its Phase VI expansion facilities into service at the start of the winter heating season on Nov. 1.

Almost two years after Enron Corp. imploded and exposed the flaws in the rest of the energy merchant sector, a Standard & Poor’s (S&P) analyst suggests in a new report that diversified energy companies with marketing and trading activities still don’t provide enough information for investors to discern all of the credit risks or the potential earnings.

In the wake of the Enron debacle, the mass exodus from the energy merchant segment that immediately followed has forced natural gas producers to once again throw their respective hats into the marketing arena to sell their own supplies.

In the wake of the Enron debacle, the mass exodus from the energy merchant segment that immediately followed has forced natural gas producers to once again throw their respective hats into the marketing arena to sell their own supplies.

In a post-Enron market environment, interstate natural gas pipelines should be permitted to take into the account the creditworthiness of shippers when evaluating bids for transportation capacity on their existing systems, says the Interstate Natural Gas Association of America (INGAA).