The Saga of ENRON

Authors

  • Louis Braquet P.E., CCP LB Services, LLC

Abstract

Call it “Smoke & Mirrors,” using complex derivative and contract
trading schemes—call it “A House of Cards” built on questionable ac-
counting methods and obscure debt structure—or simply call it just
plain “Bad Luck” in a fragile national economy where skittish investors
and lenders ran for the exits at the first bit of bad news resulting in
catastrophic results over a matter of days.
Call it what you will, but whatever it is called, the recent ENRON
Corp. (ENRON) disaster saw a $150 billion company rated the seventh
largest business in the U.S. and 16th in the world come crashing down
in a matter of weeks, losing almost 99% of its former value to become
the worst bankruptcy case in U.S. history.

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Author Biography

Louis Braquet, P.E., CCP LB Services, LLC

Louis J. Braquet, PE, CEM, MBA, serves as principal consultant with LB Services, LLC (http://www.LBServices.net), a Louisiana based energy, power & utility consulting firm. His work entails knowledge of the energy industry’s customer, utility, and regulatory environments. His background includes project experience with industrial and commercial power generation, energy technology applications, utility issues, and business development opportunities. He has over 23 years experience in the energy industry and has been involved with over 60 large power system projects some exceeding 200 MW and $150 million in construction value.

Mr. Braquet has earned both a BS in engineering and a MBA and holds dual licenses as a Professional Engineer in both mechanical and environmental engineering. He is nationally certified as a Certified Energy Manager (CEM), a Certified Cogeneration Professional (CCP), and a Certified Demand-Side Management Professional (CDSMP).

Mr. Braquet may be contacted at LB Services,

L.L.C. (http://www.LBServices.net), (504)
443-3931 or 443-3185, or via e-mail at:
Louis@LBServices.net

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Published

2023-08-23

How to Cite

Braquet, L. . (2023). The Saga of ENRON. Strategic Planning for Energy and the Environment, 21(4), 22–34. Retrieved from https://journals.riverpublishers.com/index.php/SPEE/article/view/20369

Issue

2002: Vol 21 Iss 4 2001-2002

Section

Articles