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California-Crisis

17 entries

C

Capacity Management

The management of pipeline, transmission, and generation capacity that underpinned Enron's energy trading operations, encompassing both legitimate daily scheduling and the manipulation strategies that exploited California's electricity markets.

E

Enron Capital & Trade Resources

Enron's foundational trading division that transformed the company from a pipeline operator into the world's largest energy trader, pioneering the Gas Bank concept, EnronOnline, and a performance culture that shaped both Enron's rise and its collapse.

Enron Energy Services

Enron's retail energy division that offered bundled energy management services to commercial customers, which concealed over $1 billion in losses through fraudulent accounting practices.

Enron North America

The renamed successor to Enron Capital & Trade Resources, Enron North America operated from September 1999 to early 2001 as Enron's largest and most profitable wholesale energy trading operation, generating billions in revenue while concealing over $1 billion in accounting fraud through hidden reserve accounts.

F

FERC Regulation

The Federal Energy Regulatory Commission's dual role as enabler and eventual investigator of Enron's energy trading operations, culminating in $6.3 billion in Western Energy Crisis settlements and the public release of the Enron email corpus.

G

Government Affairs

Enron's government relations, regulatory affairs, and political strategy department that managed relationships with legislators, regulators, and government officials worldwide

H

Harry Arora

Short-term power trader at Enron's Portland West Power desk who specialized in California day-ahead scheduling during the 2001 energy crisis, later founded Amaranth's energy trading desk

J

James Steffes

Vice President of Government Affairs who led Enron's U.S. Energy regulatory team, specializing in FERC proceedings and Regional Transmission Organization policy

Jeff Dasovich

Director of Regulatory Affairs at Enron who served as the company's chief intelligence officer on California during the 2000-2001 energy crisis.

John D. Arnold

Vice President of Gas Trading at Enron North America who generated $750 million in profits in 2001, received the largest bonus in Enron history, and later founded Centaurus Advisors.

M

Maureen McVicker

Executive assistant to Steven J. Kean who served as the primary coordination hub for Enron's Government Affairs office

P

PUC Regulation

State-level Public Utility Commission oversight of Enron's retail operations, rate structures, and market participation, dominated by the California PUC's crisis-era actions on rate freezes, wholesale market investigations, and the suspension of direct access.

R

Richard Shapiro

Vice President of Regulatory Affairs and Managing Director of Government Affairs for the Americas who led Enron's federal, state, and international regulatory strategy

S

Sarah Novosel

Regulatory counsel in Enron's Government Affairs department who served as the company's FERC analyst and RTO policy specialist, based in Washington DC

Steven Kean

Executive Vice President and Chief of Staff who architected Enron's government relations and political strategy

Susan Mara

Director of Regulatory Affairs for California who managed Enron's CPUC and ISO proceedings during the state's electricity crisis

Susan Scott

Senior Regulatory Attorney at Enron Transportation Services who specialized in natural gas pipeline regulation and FERC compliance, with extensive involvement in the California energy crisis.