Enron Corporation The Largest Energy Trading Essay

Enron Corporation is the largest energy-trading located in Houston, Texas. It was founded by Kenneth L. Lay in 1985. Enron has been form through the merger between Houston Natural Gas and InterNorth Incorporation and initially named it as HNG/Inter-North Incorporation, before renames it as Enteron. In 1986, the company name has been shortened to Enron Corporation. At the beginning of the operation, Enron only involved in the transmission and distribution of electricity and gas throughout the United States. After that, Enron has expanded the business to information and communication, and machine metal industry. The company has providing services and products that related to natural gas, oil, broadband, pulp and paper, water as well as electricity and has been distributed it worldwide. Besides that, Enron involved in developed, created, and operated power plants and pipelines. In 2000, the annual revenue has been reach $100 billion and it has lifted Enron as the seventh largest natural gas pipeline system in the US and sixth largest energy company in the world. Enron has acquires 41 companies and has been considered as the most innovative company for six consecutive years. However, due to fraud scandals that involving its accounting firm which is Arthur Andersen and Enron’s managements, Enron has been announces bankrupt in 2001. Enron Corporation can be considered as one of the largest fraud scandals in history of U.S. The fraud has been conducted by Enron’s top managementsShow MoreRelatedEssay on Overview of the Enron Scandal1217 Words   |  5 Pages Enron Corporation was an energy company founded in Omaha, Nebraska. The corporation chose Houston, Texas to home its headquarters and staffed about 20,000 people. It was one of the largest natural gas and electricity providers in the United States, and even the world. 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