04

Projects

Major initiatives, ventures, and projects documented in the archive.

14 entries

A

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

C

Chewco Investments L.P.

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.

D

Dabhol Power Project

Enron's $2.9 billion power plant in India that became the company's largest and most controversial international investment

E

Enron-Blockbuster Partnership

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.

EnronOnline

Enron's revolutionary web-based commodity trading platform that became the world's largest e-commerce site by transaction volume in 2000.

G

Gas Bank

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.

J

JEDI Partnership

A joint venture between Enron and CalPERS that spawned Chewco Investments, whose accounting failures triggered a $600 million restatement and accelerated Enron's collapse.

L

LJM Partnerships

Off-balance-sheet partnerships created and managed by Enron CFO Andrew Fastow that became central to the company's accounting fraud.

N

Nigerian Barge Deal

A fraudulent year-end 1999 transaction between Enron and Merrill Lynch involving Nigerian power barges that resulted in criminal prosecutions and landmark appeals.

P

Portland General Electric

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

Prepay Transactions

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.

R

Raptor Special Purpose Entities

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.

S

Special Purpose Entities at Enron

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.

V

Valhalla Scandal

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