News - Enron Energy Services
Enron Corp. said on Friday it reached settlements totaling more than $400 million on disputed electricity and natural gas transactions in the western United States from 1997 to 2003.
By MICHAEL GRACZYK Associated Press The former trading and energy specialist said he told his superiors some moves 'lacked integrity.' HOUSTON -- A former high-ranking Enron Corp.
SACRAMENTO, Calif. (AP) -- Bankrupt energy company Enron Corp. has agreed to pay $47.5 million in a settlement that could reach $1.5 billion to resolve claims that it gouged California and other Western states during the 2000-01 energy crisis.
Source: Houston Chronicle Just two years ago, Enron executives were eagerly pitching a vision of the company's future -- driven by broadband trading and videos streaming over the Web. Today, trading bandwidth on high-capacity lines is a dead business with little hope of revival anytime soon.
