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US energy companies pressured on accounting, rethink European interests

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In a further sign of Enron’s impact on US accounting procedures, energy company Reliant Resources says it has discovered errors in its financial accounting that will mean its 2001 earnings are boosted by $100million–$130 million.

Reliant says it will restate its second- and third-quarter 2001 earnings after an internal review found that a number of transactions initially marked down as cashflow

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