Enron Corporation Before filing for bankruptcy in 2001, Enron Corporation was one of the largest integrated natural gas and electricity companies in the world. It marketed liquid natural gas worldwide and operated one of the largest natural gas transportation systems in the world, totaling more than 36,000 miles. It was also one of the world's largest independent electricity developers and producers, serving both industrial and emerging markets. HistoryEnron began as the Northern Natural Gas Company, organized in Omaha, Nebraska, in 1930. The company's founding came just a few months after the stock market crash of 1929, an unusual time to launch a new venture. However, several aspects of the Great Depression actually worked in Northern's favor. Consumers were initially not enthusiastic about natural gas as a heating fuel, but its low cost led to its acceptance during tough economic times. High unemployment brought the new company a ready supply of cheap labor to build its pipeline system. The 1940s brought changes in Northern regulation and ownership. The Federal Power Commission, created following the Natural Gas Act of 1938, regulated rates and the expansion of the natural gas industry. 1944: Acquires the gas gathering and transportation lines of Argus Natural Gas Co. 1945: Argus properties are consolidated into a The subsidiary called Peoples Natural Gas CoA spent time. Northern continued to expand through acquisitions. First in 1967 it made an acquisition with Protane Corporation, a distributor of propane gas in the eastern United States and the Caribbean. In 1976, Northern established Northern Arctic Gas Company, a partner in the proposed Arctic pipeline to Alaska, and Northern Liquid Fuels International Ltd., a supply and marketing company. 1980: Northern changes its name to InterNorth, Inc. Attempts to hostilely take control of Crouse-Hinds Co., a manufacturer of electrical products, is thwarted by Cooper Industries. Northern Overthrust Pipeline Co. and Northern Trailblazer Pipeline Co. are established 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 makes a 'acquisition of enormous proportions in 1...... half of the paper ......d then reported a charge of $1 million in total. Then there was the project to build a 900 kilometer pipeline from Mozambique to Gauteng, South Africa, which cost $700 million. Enron's contract is now considered too expensive. However, 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 like Enron had luck on their side for a while and was able to capture all these different markets for a while. But they wanted too much power and money, too quickly because some of the markets they entered had to lavish billions of dollars in upfront capital investments on physical assets. . These capital investments were not expected to generate significant earnings or cash flows in the near term. This put pressure on Enron's balance sheet. I wouldn't have tried to expand so quickly and I gave my projects, mergers and acquisitions time to progress and then expand instead of rushing. I would not have spent so much time and money on contributions to political parties trying to achieve deregulation and stop government oversight. I would have done things correctly and legally so that supervision.