When Enron collapsed into bankruptcy in late 2001 and subsequently into liquidation,most other companies that had drunk too much of the Enron-flavored punch worked hard to break their addictions to the discredited merchant-energy model.They returned to traditional businesses of running gas pipelines,utility companies or exploration and production operations,in the process selling numerous assets at knock-down prices to provide funds needed to repay enormous debts(WGI Jan.14'04,p8).
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