Entron liquidating limited partnership
President and Chief Operating Officer Jeffrey Skilling began advocating a novel idea: the company didn't really need to own any "assets;" it could function solely as a middleman and commodities broker.
By pursing an aggressive investment strategy, Enron became the biggest wholesaler of gas and electricity, trading billion in a quarter.
In the early 1990s the Congress of the United States of America passed legislation deregulating the sale of electricity.
Six months after the merger, former HNG CEO Kenneth Lay became CEO.
Lay moved company headquarters to Houston, Texas, and began to re-brand the business.
It was reorganized in 1979 as the leading subsidiary of a holding company, Inter North.
In 1985, it bought the smaller Houston Natural Gas, changed its name to "HNG/Inter North Inc." and built a large headquarters complex in Omaha.