Enron Corporation Essay -- Business Management History Essays

Enron green goddessBefore filing for bankruptcy in 2001, Enron Corporation was one of the largest combine natural gas and electricity companies in the world. It marketed natural gas liquids world-wide and operated one of the largest natural gas transmission systems in the world, totaling more than 36,000 miles. It was as well as one of the largest independent developers and producers of electricity in the world, serving both industrial and emerging markets.TimelineEnron began as Northern innate(p) Gas Company, organized in Omaha, Nebraska, in 1930. The companys founding came just a few months after the stock certificate market crash of 1929, an unusual time to launch a in the raw venture. Several aspects of the Great Depression actually worked in Northerns favor, however. Consumers initially were not enthusiastic about natural gas as a heat fuel, but its low cost led to its acceptance during tough economical times. High unemployment brought the new company a ready run of c heapjack labor to build its grape system. The 1940s brought changes in Northerns regulation and ownership. The federal Power Commission, created as a result of the inborn Gas displace of 1938, regulated the natural gas industrys rates and expansion.1944 Acquires the gas-gathering and transmission lines of Argus Natural Gas Co. 1945 Argus properties are consolidated into a subsidiary called Peoples Natural Gas CoAs time went on Northern unplowed carrying through acquisitions. First in 1967 it made an acquisition with Protane Corporation, a allocator of propane gas in the eastern US and the Carribbean. In 1976, Northern organize Northern Arctic Gas Company, a partner in the proposed Alaskan arctic gas pipeline, and Northern Liquid Fuels International Ltd., a supply and marketing company.1980 Northern changes its name to InterNorth, Inc. Its attempted hostile takeover of Crouse-Hinds Co., an electric products manufacturer, is thwarted by Cooper Industries. Northern Overthrust Pipe line Co. and Northern trailblazer Pipeline Co. are set up to participate in the innovator pipeline. Creates two exploration and production companies, Nortex Gas & oil color and Consolidex Gas and Oil Ltd. 1982 Forms Northern Intrastate Pipeline Co. and Northern Coal Pipeline Co. Establishes InterNorth International, Inc. to wangle non-U.S. operationsInterNorth made an acquisition of enormous proportions in 1... ...d then they account a $ 1 million charge in total. Then in that respect was the project to build a natural gas 900 kilometer pipeline in Mozambique to Gauteng, South Africa which cost $700 million. Enrons contract is now considered overpriced. Nevertheless, Enron must suffer for the gas even if it does not take possession of it and Enron has no customers for the gas. I feel that Enron had luck on its side for a piece of music and were able to conquer all these different markets for a while. But they cherished too much power and bullion, much too fast for slight ly of the markets they entered they had to dish out billions of dollars in up front capital investments on hard assets. . These capital investments were not expected to generate significant pelf or cash flow in the short term. This put haul on Enrons balance sheet.I would of not tried to expand so rapidly and gave time for my projects, mergers and aquasitions to progress and then expand quite of rushing. I would of not spent so much time and money on contributions to political parties trying to gain deregulation and to stop govt circumspection. I would of done things properly and legally that way govt oversight would of not been a problem.