Azurix
Enron's failed water utility subsidiary that went public in June 1999 at $19 per share and collapsed within sixteen months, costing the company billions and ending Rebecca Mark's career
Major initiatives, ventures, and projects documented in the archive.
14 entries
Enron's failed water utility subsidiary that went public in June 1999 at $19 per share and collapsed within sixteen months, costing the company billions and ending Rebecca Mark's career
A special purpose entity created in 1997 to purchase CalPERS' stake in JEDI, whose accounting violations triggered Enron's $600 million restatement and precipitated the company's collapse.
Enron's $2.9 billion power plant in India that became the company's largest and most controversial international investment
A 20-year video-on-demand deal between Enron Broadband Services and Blockbuster that lasted eight months, generated virtually no revenue, and produced $111 million in fraudulent profits through mark-to-market accounting and a structured finance vehicle called Project Braveheart.
Enron's revolutionary web-based commodity trading platform that became the world's largest e-commerce site by transaction volume in 2000.
The foundational financial innovation developed by Jeff Skilling in 1989 that transformed Enron from a natural gas pipeline company into an energy trading powerhouse by acting as an intermediary between producers and consumers in the newly deregulated market.
A joint venture between Enron and CalPERS that spawned Chewco Investments, whose accounting failures triggered a $600 million restatement and accelerated Enron's collapse.
Off-balance-sheet partnerships created and managed by Enron CFO Andrew Fastow that became central to the company's accounting fraud.
A fraudulent year-end 1999 transaction between Enron and Merrill Lynch involving Nigerian power barges that resulted in criminal prosecutions and landmark appeals.
Oregon's largest electric utility, acquired by Enron in 1997 for $3.1 billion and inadvertently entangled in the California energy crisis through Enron's Portland-based West Power trading desk
Structured commodity contracts that Enron used to disguise $8.5 billion in bank loans as trading revenue, artificially inflating cash flow while concealing billions in debt.
A series of four special purpose entities that used circular hedging with Enron's own stock, ultimately contributing $710 million in losses and precipitating the company's collapse.
A comprehensive examination of the off-balance-sheet financing vehicles that enabled Enron to hide billions in debt and manipulate its financial statements, ultimately precipitating the company's collapse.
A 1987 oil trading fraud at Enron's New York subsidiary that exposed the company to over $1 billion in unauthorized positions and established a pattern of tolerating rule-breaking that would persist until Enron's collapse fourteen years later