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Enron was Established in 1985 by Kenneth Lay from the merger of two all-natural gas transmission firms, Houston Natural Gas Company and InterNorth, Inc.; the merged corporation, HNG InterNorth, was renamed Enron in 1986. After the U.S. Congress adopted a number of rules to deregulate the sale of purely natural gas inside the early nineties, the company misplaced its exceptional proper to operate its pipelines.

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The severity of your situation began to be clear in mid-2001 as quite a few analysts began to dig into the details of Enron’s publicly released financial statements.

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