An uncertain future

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 companies, TransCanada Pipelines and AltaGas Services. But Keith Mueller, Dallas-based global managing

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