Enron Corporation Essay -- Business Management History Essays

Enron CorporationBefore filing for bankruptcy in 2001, Enron Corporation was one of the largest integrated innate splosh and electricity companies in the world. It marketed natural gas liquids worldwide and operated one of the largest natural gas transmission system systems in the world, totaling more than 36,000 miles. It was also one of the largest independent developers and producers of electricity in the world, serving both industrial and emerging markets.TimelineEnron began as northern inborn float Company, organized in Omaha, Nebraska, in 1930. The companys founding came just a few months after the stock market crash of 1929, an unusual fourth dimension to launch a new venture. Several aspects of the Great Depression truly worked in Yankees favor, however. Consumers initially were not enthusiastic about natural gas as a heating fuel, but its low cost lead to its acceptance during tough economic beats. High unemployment brought the new company a ready supply of cheap labor to build its pipeline system. The forties brought changes in Northerns regulation and ownership. The Federal Power Commission, created as a expiration of the Natural Gas Act of 1938, regulated the natural gas industrys rate and expansion.1944 Acquires the gas-gathering and transmission lines of Argus Natural Gas Co. 1945 Argus properties are unify into a subsidiary called Peoples Natural Gas CoAs time went on Northern kept expanding through acquisitions. First in 1967 it do an acquisition with Protane Corporation, a distributor of propane gas in the eastern US and the Carribbean. In 1976, Northern formed Northern Arctic Gas Company, a partner in the proposed Alaskan arctic gas pipeline, and Northern fluent Fuels International Ltd., a supply and marketing company.1980 Northern changes its name to InterNorth, Inc. Its assay hostile nameover of Crouse-Hinds Co., an electrical products manufacturer, is thwarted by Cooper Industries. Northern Overthrust Pipeline Co. and Nor thern Trailblazer Pipeline Co. are set up to participate in the Trailblazer pipeline. Creates two exploration and production companies, Nortex Gas & Oil and Consolidex Gas and Oil Ltd. 1982 Forms Northern Intrastate Pipeline Co. and Northern Coal Pipeline Co. Establishes InterNorth International, Inc. to oversee non-U.S. operationsInterNorth made an acquisition of huge proportions in 1... ...d then they reported a $ 1 million hitch in total. Then there was the project to build a natural gas 900 kilometer pipeline in Mozambique to Gauteng, South Africa which cost $700 million. Enrons induce is now considered overpriced. Nevertheless, Enron must pay 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 while and were able to conquer all these several(predicate) markets for a while. But they wanted too very much power and money, much too fast for some 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 judge to generate significant earnings or cash flow in the short term. This put pressure on Enrons balance sheet.I would of not tried to expand so rapidly and gave time for my projects, mergers and aquasitions to come near and then expand instead 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 oversight. I would of done things properly and licitly that way govt oversight would of not been a problem.