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An uncertain future

Questions over regulatory requirements in the US were making energy firms cautious about their expansion plans, even before Enron’s collapse complicated the picture. By Kevin Foster

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The demise of Enron has sent tremors through the global energy markets, with many analysts suggesting that the business model pioneered by the Houston-based company – big on trading, low on asset ownership – may now be permanently discredited.

Some of Enron’s assets in Europe and Canada have already been bought up, by UK-based multi-utility Centrica and a joint venture between two Alberta-based

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