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1993
April: Enron's Teesside power plant in England begins Operation, one of the first big successes for the company's international strategy. The international strategy included propane processing and marketing in Venezuela and Puerto Rico and a manufacturing partnership with GE in South America.
December: Enron and Maharashtra reach agreement to build the massive Dabhol power plant which never operates when ENRON is still in business. There are reports that ENRON uses thugs to intimidate Indian political opposition to the deal. Tom White, the first BUSH Secretary of the Army, is involved in the scandal and later is accused of cooking the books at Enron Energy Services and lying to Congress about his Enron holdings.
[edit] 1994
Enron conducts its first electricity trade.
[edit] 1996
CFO Andrew Fastow constructs off-book entities in which Enron would make deals with these companies and then Enron would transfer its debt into those companies while at the same time, Fastow and other Senior execs, with their respective companies, would also be taking money out of those companies from the Enron transactions. [1] [2]
Chief Operating Officer Richard Kinder announces that he'll leave the company. In December, Skilling Becomes Enron's President and COO.
[edit] 1997
Andrew Fastow creates Chewco (managed by Enron's Michael Kopper) in an effort to hide debt and inflate profits, but Chewco doesn't meet requirements to keep it off Enron's balance sheet.
Enron closes its acquisition of Portland General in a 2 billion dollar stock swap.
[edit] 1998
Enron enters into several capital intensive ventures that turn into financial disasters including a water distribution scheme and power plants in Brazil.
Enron promotes Andrew Fastow to CFO.
Enron buys Wessex Water, a British water utility. Wessex become Enron's new water unit, Azurix.
[edit] 1999
Enron board of directors waive conflict of interest rules in order to allow Andrew Fastow to run private companies that do business with Enron. He creates LJM that buys poorly performing Enron assets. In reality, LJM is used to hide debt and inflate profits for Enron in order to prop up its stock price. It is believed that this is the beginning of the complex and questionable accounting practices that lead to Enron's demise.
Enron withdraws from oil and gas productions by divesting its remaining stake in Enron Oil & Gas.
Enron announces the launch of EnronOnline, its internet-based commodity trading.
[edit] 2000
Enron launches EnronCredit.com which buys and sells credit risk to help companies manage the risk in trading.
Enron and Blockbuster announce a 20-year deal to provide video-on-demand service over high-speed internet. Eight months later the deal was terminated.
Azurix Chairman Rebecca Mark "Mark the Shark", resigns.
* March Enron CEO Kenneth Lay allegedly files fraudulent annual 10-K for 1999
* March 13 Jeffrey Skilling allegedly signs fraudulent letters to Arthur Andersen LLP about 1999 financial data.
* July Enron allegedly issues a 64 pages booklet, containing a comprehensive Code of Ethics
* August Enron CEO Kenneth Lay allegedly files fraudulent quarterly 10-Q for second quarter 2000
* November 1 Enron CEO Kenneth Lay allegedly begins selling Enron shares.
* November Enron CEO Kenneth Lay allegedly files fraudulent quarterly 10-Q for third quarter 2000
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