This Trial of Kenneth Lay and Jeffrey Skilling is related to a current event. Information may change rapidly as the event progresses.

Timeline of the Enron scandal: Image File history File links Current_event_marker. ... Highlights The so-called iTunes Law, which Apple has called state-sponsored piracy, is approved by the French Parliament (coat of arms pictured). ...

1996

CFO Andrew Fastow begins committing crimes by creating off-book entities for personal enrichment [1] Andrew Stuart Fastow (born 22 December 1961) was the chief financial officer of Enron Corporation until the U.S. Securities and Exchange Commission opened an investigation into his conduct in 2001. ...

1997

Andrew Fastow creates Chewco in an effort to hide debt and inflate profits but Chewco doesn't meet requirements to keep it off Enron's balance sheet. This article needs to be wikified. ...

1998

Enron enters into several capital intensive ventures that turn into financial disasters including a water distribution scheme and power plants in Brazil.

1999

Enron board of directors waive conflict of interest rules in order to allow Andrew Fastow to run private companies that do business with Enron. He creates LJM that buys poorly performing Enron assets. In reality, LJM is used to hide debt and inflate profits for Enron in order to prop up its stock price. It is believed that this is the beginning of the complex and questionable accounting practices that lead to Enron's demise. A conflict of interest is a situation in which someone in a position of trust, such as a lawyer, a politician, or an executive or director of a corporation, has competing professional or personal interests. ... LJM which stands for Leah, Jeffery, Michael (Andy Fastows wife and children) was a company created in 1998 by Enron s financial wizard, Andrew Fastow to buy poorly performing Enron stock. ...

2000

• March Enron CEO Kenneth Lay allegedly files fraudulent annual 10-K for 1999

• March 13 Jeffrey Skilling allegedly signs fraudulent letters to Arthur Andersen LLP about 1999 financial data.

• August Enron CEO Kenneth Lay allegedly files fraudulent quarterly 10-Q for second quarter 2000

• November 1 Enron CEO Kenneth Lay allegedly begins selling Enron shares.

• November Enron CEO Kenneth Lay allegedly files fraudulent quarterly 10-Q for third quarter 2000

Kenneth Lee Ken Lay (April 15, 1942 – July 5, 2006), was an American businessman, best known for his role in the widely-reported corruption scandal that led to the downfall of Enron Corporation. ... (Redirected from 10-k) The Securities and Exchange Commission (SEC) requires public companies to file reports regularly so that they can be made available to the public. ... 1999 (MCMXCIX) was a common year starting on Friday, and was designated the International Year of Older Persons by the United Nations. ... March 13 is the 72nd day of the year in the Gregorian calendar (73rd in leap years). ... Jeffrey Skilling, credit AP Worldwide. ... This article or section seems not to be written in the formal tone expected of an encyclopedia entry. ... 1999 (MCMXCIX) was a common year starting on Friday, and was designated the International Year of Older Persons by the United Nations. ... (Redirected from 10-q) The Securities and Exchange Commission (SEC) requires public companies to file reports regularly so that they can be made available to the public. ... This article is about the year 2000. ... November 1 is the 305th day of the year (306th in leap years) in the Gregorian Calendar, with 60 days remaining. ... This article is about the year 2000. ...

2001

• January 8 California governor Gray Davis calls Enron and other energy companies "out-of-state profiteers" during the 2000 California energy crisis.

• January 20 The inauguration of George W. Bush is attended by Enron CEO Kenneth Lay and president Jeffrey Skilling, who each make $100,000 contributions for the event.

• January 22 Jeffrey Skilling commits securities fraud by omitting bad news and lying to investors.

• January 25 Jeffrey Skilling makes false presentation to investors.

• February 5 Enron executives get bonus checks for millions of dollars.

Arthur Andersen auditors internally question the LJM partnerships.

• February 6 Enron is named "most innovative company in America" for the sixth consecutive year by Fortune Magazine.

• February 12 Skilling is named CEO.

Arthur Andersen tells the Enron board of directors audit committee that they have no concerns.

• February 22 Lay and other Enron officials go to the White House to meet with the Dick Cheney energy task force.

• March 5 Fortune Magazine publishes article, "Is ENRON Overpriced?" written by Bethany McLean.

• March 7 Lay and other Enron officials meet with the energy task force of Vice President Dick Cheney.

• March 8 Enron lawyer Jordan Mintz sends a memorandum questioning the LJM partnerships to Enron chief risk officer Richard Buy and chief accounting officer Richard Causey.

• March 26 To cover problems in the Raptor partnerships, Enron repurchases Chewco's investment in JEDI for $35 million, netting Enron executive Michael Kopper over $10 million.

• April 17 Enron announces a first quarter profit of $536 million.

Lay and other Enron officials meet with Vice President Dick Cheney.

• May 5 Enron's stock price closes below $59.78, a critical point for one of the partnerships.

• May 17 The energy task force issues its report, which endorses some of Enron's proposals.

• May 18 Chief executive of Enron Xcelerator Lou Pai sells 1.1 million Enron shares over the next 21 days.

• May 22 Jordan Mintz sends a memorandum to Jeffrey Skilling for his sign-off on LJM paperwork.

• June 6 Enron general counsel Jim Derrick sells 160,000 Enron shares over the next ten days.

• June 12 Skilling jokes about the California electricity crisis at a Las Vegas conference.

• June 21 Skilling is hit in the face with a pie during a visit to California.

• July 13 Chief executive of Enron Broadband Services Ken Rice sells 386,000 Enron shares.

• July 23 Enron's stock price closes below $47, a critical point for the Raptor partnerships.

• July 27 Director Robert Belfer sells 100,000 Enron shares.

• August 7 Officials from a German Enron subsidiary meet with the Dick Cheney energy task force.

• August 14 Citing "personal reasons," Skilling resigns as CEO. Lay replaces him, stating "Absolutely no accounting issue, no trading issue, no reserve issue, no previously unknown problem issues" are involved.

• August 15 Sherron Watkins, a vice president for corporate development, puts a one-page letter in Lay's suggestion box, questioning Enron's accounting practices.

• August 16 Lay discusses Skilling's departure with employees.

• August 20 Watkins phones a former co-worker at Arthur Andersen about her worries.

Lay exercises 25,000 share options at $20.78 ($519,000 total value); the stock closes at $36.25. One of Lay's lawyers states later that some of the stock was used to repay an Enron line of credit.

• August 21 Lay emails employees, stating "one of my highest priorities is to restore investor confidence in Enron. This should result in a significantly higher stock price."

He exercises 68,620 share options at $21.56 ($1,479,477 total value); the stock closes at $36.88. One of Lay's lawyers states later that Lay never sold the shares, which are now practically worthless.

David B. Duncan, the lead partner on the Enron account for Arthur Andersen, meets with three other AA officials to discuss the Watkins call. A memo states they "agreed to consult our firm's legal adviser about what actions to take."

• August 22 Watkins meets with Lay, giving him a seven-page letter stating that Enron may be an "elaborate accounting hoax," and advises him not to involve Vinson & Elkins, Enron's law firm, because of potential conflicts of interest.

V&E is asked if an inquiry is necessary, but told not to bother "second-guessing the accounting advice and treatment."

• September 17 Jeffrey Skilling sells 500,000 Enron shares.

• September 21 Director Robert Belfer sells 109,000 Enron shares.

• September 26 Lay tells employees that Enron's accounting practices are "legal and totally appropriate," that Enron stock is "an incredible bargain," that he and other executives have bought Enron stock in the last two months, and that "the third quarter is looking great" in an online forum.

• October 9 Arthur Andersen hires the Davis Polk & Wardwell law firm to prepare a defense for the company.

• October 10 Enron officials discuss energy policy with staff of Vice President Dick Cheney.

• October 12 An Arthur Andersen lawyer in Chicago, Nancy Temple, emails an Andersen partner in Houston, Texas, Michael Odom, reminding him of the Andersen document retention and destruction policy. He forwards the email to a co-worker.

• October 15 Vinson & Elkins deliver a report which states that Arthur Andersen approved of Enron's accounting procedures, and that Enron did nothing wrong.

• October 16 Enron announces a third quarter loss of $618 million.

• October 17 To correct an accounting error on the Raptor partnerships devised by CFO Andrew Fastow, Enron's assets (shareholder equity) are reduced by $1.01 billion.

The Enron 401(k) retirement plan is frozen for administrative changes.

• October 22 Enron announces that the U.S. Securities and Exchange Commission (SEC) has begun an inquiry into Enron's accounting practices with its partnerships.

The Arthur Andersen partner in charge of the Enron account, David B. Duncan tells the audit managers to comply with the Andersen document retention policy, and observes them doing so by shredding documents.

• October 23 Lay reassures investors in a conference call, asserting there was no conflict of interest with the Raptor partnerships and that the directors on the board "continue to have the highest faith and confidence" in Fastow.

David B. Duncan organizes a meeting of the Enron account group to speed up the document destruction, according to testimony by Arthur Andersen managing director Dorsey Lee Baskin Jr..

• October 24 Andrew Fastow is forced to leave Enron.

• October 25 Enron sends an email to all employees and to Arthur Andersen stating that all pertinent documents should be preserved.

• October 26 Lay makes phone call to Alan Greenspan, chairman of the Federal Reserve, about Enron.

Lay meets with Dynegy chairman Chuck Watson.

• October 28 Lay talks to Paul H. O'Neill, Secretary of the Treasury. O'Neill tells Peter Fisher, Treasury Under-secretary to look into Enron. Fisher talks with Enron president Greg Whalley repeatedly over the next few days. Whalley, according to Fisher, implies that he would like Fisher to ask Enron's creditors to extend its credit. Fisher doesn't.

• October 29 Lay asks Donald L. Evans, Secretary of Commerce, for help with an upcoming credit rating review by Moody's Investors Service. Evans does nothing, and Moody's downgrades Enron's rating.

• October 31 Enron announces that the SEC inquiry is now a formal investigation.

• November 8 Enron announces it overstated profits by $586 million over five years.

Lay calls O'Neill again, comparing Enron to Long-Term Capital Management.

The SEC subpoenas Arthur Andersen officials.

• November 9 Dynegy announces it will acquire Enron for $9 billion.

Nancy Temple leaves a voice message for David B. Duncan ordering the preservation of all Enron documents. His assistant sends an email to other assistants to "stop the shredding".

• November 19 Enron announces the payment of a $690 million note is nearly due as a result of the descent of its credit rating.

• November 28 Dynegy retracts its acquisition offer.

• November 29 The SEC begins investigating Arthur Andersen.

• December 2 Enron files for bankruptcy.

• December 12 In testimony before Congress, Arthur Andersen CEO Joseph Berardino states that Enron might have violated securities laws.

January 8 is the 8th day of the year in the Gregorian calendar. ... Joseph Graham Davis Jr. ... Enron Corporation was an American energy company based in Houston, Texas. ... (Redirected from 2000 California energy crisis) Overview The California electricity crisis of 2000 and 2001 followed the partial deregulation, in 1996, of the electricity market in the state. ... January 20 is the 20th day of the year in the Gregorian calendar. ... An inauguration is a ceremony of formal investiture whereby an individual assumes an office or position of authority or power. ... George Walker Bush (born July 6, 1946) is the 43rd and current President of the United States, inaugurated on January 20, 2001. ... Kenneth Lee Ken Lay (April 15, 1942 – July 5, 2006), was an American businessman, best known for his role in the widely-reported corruption scandal that led to the downfall of Enron Corporation. ... Jeffrey Skilling, credit AP Worldwide. ... January 22 is the 22nd day of the year in the Gregorian calendar. ... January 25 is the 25th day of the year in the Gregorian calendar. ... February 5 is the 36th day of the year in the Gregorian Calendar. ... This article or section seems not to be written in the formal tone expected of an encyclopedia entry. ... Audit can refer to: Telecommunication audit Financial audit Performance audit Completion of a course of study for which no assessment is completed or grade awarded; especially audit is awarded to those who have elected not to receive a letter grade for a course in which letter grades typically awarded. ... LJM which stands for Leah, Jeffery, Michael (Andy Fastows wife and children) was a company created in 1998 by Enron s financial wizard, Andrew Fastow to buy poorly performing Enron stock. ... A partnership is a type of business entity in which partners share with each other the profits or losses of the business undertaking in which all have invested. ... February 6 is the 37th day of the year in the Gregorian Calendar. ... Categories: Magazines stubs | Time Warner subsidiaries | Business magazines ... February 12 is the 43rd day of the year in the Gregorian Calendar. ... February 22 is the 53rd day of the year in the Gregorian Calendar. ... North façade of the White House, seen from Pennsylvania Avenue. ... Richard Bruce Dick Cheney (born January 30, 1941) is the 46th and current Vice President of the United States, serving under President George W. Bush. ... The Energy Task Force is commonly known as the Cheney Energy Task Force after Vice President of the United States of America and former CEO of Halliburton, Dick Cheney. ... March 5 is the 64th day of the year in the Gregorian Calendar (65th in leap years). ... Categories: Magazines stubs | Time Warner subsidiaries | Business magazines ... Bethany McLean (born 1971) is a business writer for Fortune magazine and is best known as the co-author, with Fortune colleague Peter Elkind, of Enron: The Smartest Guys in the Room, exposing the corrupt business practices of Enron officials. ... March 7 is the 66th day of the year in the Gregorian Calendar (67th in leap years). ... March 8 is the 67th day of the year in the Gregorian Calendar (68th in leap years). ... Jordan Mintz was the former Vice President and General Counsel for Corporate Development at Enron Corporation. ... The Chief Risk Officer (CRO) or Chief Risk Management Officer (CRMO) of a corporation is the executive in charge of assessing and planning for potential risks in the various segments of a given business model, such as computer security, compliance, and lawsuits, to minimize the firms liability and related... CAO is the bizspeak acronym for Chief Accounting Officer. ... Richard Causey graduated from the University of Texas with a Masters degree in business and a bachelors degree in accounting. ... March 26 is the 85th day of the year in the Gregorian Calendar (86th in leap years). ... Look up raptor in Wiktionary, the free dictionary. ... This article needs to be wikified. ... April 17 is the 107th day of the year in the Gregorian calendar (108th in leap years). ... May 5 is the 125th day of the year in the Gregorian Calendar (126th in leap years). ... May 17 is the 137th day of the year in the Gregorian Calendar (138th in leap years). ... May 18 is the 138th day of the year in the Gregorian Calendar (139th in leap years). ... Lou Lung Pai is a Chinese-American businessman and former Enron executive. ... May 22 is the 142nd day of the year in the Gregorian calendar (143rd in leap years). ... Jordan Mintz was the former Vice President and General Counsel for Corporate Development at Enron Corporation. ... Jeffrey Skilling, credit AP Worldwide. ... June 6 is the 157th day of the year in the Gregorian calendar (158th in leap years), with 208 days remaining // 1508 - Maximilian I, Holy Roman Emperor, is defeated in Friulia by Venetian forces; he is forced to sign a three-year truce and cede several territories to Venice 1513... A General Counsel is the chief lawyer of a legal department, usually in a corporation or government department. ... June 12 is the 163rd day of the year in the Gregorian calendar (164th in leap years), with 202 days remaining. ... The California electricity crisis (also known as the Western Energy Crisis) of 2000 and 2001 followed a failed partial-deregulation, in 1996, of the electricity market in the state. ... For other uses around the city, see Las Vegas metropolitan area and Las Vegas Strip. ... June 21 is the 172nd day of the year (173rd in leap years) in the Gregorian calendar, with 193 days remaining. ... 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This article or section seems not to be written in the formal tone expected of an encyclopedia entry. ... August 21 is the 233rd day of the year (234th in leap years) in the Gregorian Calendar. ... The word investor may refer to: A person who makes investments Investor AB, a Swedish investment company institutional investor corporate investor This is a disambiguation page, a list of pages that otherwise might share the same title. ... Wikipedia does not yet have an article with this exact name. ... August 22 is the 234th day of the year in the Gregorian calendar (235th in leap years), with 131 days remaining. ... Vinson & Elkins (or V&E) is an international law firm with offices in Houston (headquarters), Dallas, Austin, Beijing, Shanghai, London, Tokyo, New York City, Washington, D.C., Moscow, Dubai, and Hong Kong. ... September 17 is the 260th day of the year (261st in leap years). ... September 21 is the 264th day of the year (265th in leap years). ... September 26 is the 269th day of the year (270th in leap years) in the Gregorian calendar. ... October 9 is the 282nd day of the year (283rd in leap years) in the Gregorian calendar. ... Davis Polk & Wardwell is a large law firm in New York with strong litigation and corporate practices that are consistently ranked among the best in the country. ... October 10 is the 283rd day of the year (284th in leap years). ... Energy policy is the manner a given entity (often governmental) has decided to address issues of energy production, distribution and consumption. ... October 12 is the 285th day of the year in the Gregorian calendar (286th in leap years). ... Nickname: The Windy City, The Second City, Chi Town, The City of Big Shoulders, The 312, The City that Works Motto: Urbs In Horto (Latin: City in a Garden), I Will Location in Chicagoland and Illinois Coordinates: Country United States State Illinois County Cook & DuPage Incorporated March 4, 1837  - Mayor... This article or section does not cite its references or sources. ... Nickname: Space City Location in the state of Texas Coordinates: Counties Harris County Fort Bend County Montgomery County Mayor Bill White Area    - City 1,558 km²  (601. ... October 15 is the 288th day of the year (289th in leap years). ... October 16 is the 289th day of the year (290th in leap years). ... October 17 is the 290th day of the year (291st in leap years) in the Gregorian calendar. ... Andrew Stuart Fastow (born 22 December 1961) was the chief financial officer of Enron Corporation until the U.S. Securities and Exchange Commission opened an investigation into his conduct in 2001. ... The 401(k) plan is a type of employer-sponsored retirement plan in the United States and some other countries, named after a section of the U.S. Internal Revenue Code. ... October 22 is the 295th day of the year (296th in leap years) in the Gregorian Calendar, with 70 days remaining. ... The U.S. Securities and Exchange Commission, commonly referred to as the SEC, is the United States governing body which has primary responsibility for overseeing the regulation of the securities industry. ... Wikipedia does not yet have an article with this exact name. ... October 23 is the 296th day of the year (297th in leap years) in the Gregorian calendar. ... A conference call is a telephone call in which the calling party wishes to have more than one called party listen in to the audio portion of the call. ... October 24 is the 297th day of the year (298th in leap years) in the Gregorian Calendar, with 68 days remaining. ... October 25 is the 298th day of the year (299th in leap years) in the Gregorian calendar. ... October 26 is the 299th day of the year (300th in leap years) in the Gregorian Calendar, with 66 days remaining. ... Alan Greenspan (born March 6, 1926) is an American economist and was Chairman of the Board of Governors of the Federal Reserve of the United States from 1987 to 2006. ... The Federal Reserve System is headquartered in the Eccles Building on Constitution Avenue in Washington, DC. The Federal Reserve System (also the Federal Reserve; informally The Fed) is the central banking system of the United States. ... Dynegy is a large operator of power plants and a player in the natural gas liquids business, based in Houston, Texas. ... For other uses of chair, see chair (disambiguation). ... October 28 is the 301st day of the year (302nd in leap years) in the Gregorian Calendar, with 64 days remaining. ... Paul H. ONeill Paul Henry ONeill (born December 4, 1935) served as the 72nd United States Secretary of the Treasury under President George W. Bush. ... The United States Secretary of the Treasury is the finance minister of the Federal Government of the United States. ... October 29 is the 302nd day of the year (303rd in leap years) in the Gregorian calendar. ... Donald Evans Donald Louis Evans with President of Peru Donald Louis Evans (born July 27, 1946) was the 34th U.S. Secretary of Commerce. ... The office of the U.S. Secretary of Commerce in the mid-20th century. ... A credit rating assesses the credit worthiness of an individual, corporation, or even a country. ... Moodys Corporation (NYSE: MCO) is the holding company for Moodys Investors Service which performs financial research and analysis on commercial and government entitities. ... October 31 is the 304th day of the year (305th in leap years) in the Gregorian Calendar, with 61 days remaining. ... A detective is an officer of the police who performs criminal or administrative investigations, in some police departments, the lowest rank among such investigators (above the lowest rank of officers and below sergeants), a civilian licensed to investigate information not readily available in public records (a private investigator, also called... November 8 is the 312th day of the year (313th in leap years) in the Gregorian Calendar, with 53 days remaining. ... Long-Term Capital Management (LTCM) was a hedge fund founded in 1994 by John Meriwether (the former vice-chairman and head of bond trading at Salomon Brothers). ... November 9 is the 313th day of the year (314th in leap years) in the Gregorian Calendar, with 52 days remaining. ... Dynegy is a large operator of power plants and a player in the natural gas liquids business, based in Houston, Texas. ... This article or section does not cite its references or sources. ... Wikipedia does not yet have an article with this exact name. ... November 19 is the 323rd day of the year (324th in leap years) in the Gregorian Calendar. ... November 28 is the 332nd day (333rd on leap years) of the year in the Gregorian Calendar. ... Look up acquisition in Wiktionary, the free dictionary. ... November 29 is the 333rd (in leap years the 334th) day of the year in the Gregorian Calendar. ... December 2 is the 336th day (337th in leap years) of the year in the Gregorian calendar. ... The examples and perspective in this article or section may not represent a worldwide view. ... December 12 is the 346th day (347th in leap years) of the year in the Gregorian calendar, with 19 days remaining. ... This article or section seems not to be written in the formal tone expected of an encyclopedia entry. ... Joseph (Joe) Berardino (b. ...

2002

• January 9 The U.S. Justice Department confirms reports that it has begun a criminal investigation into Enron's bankruptcy.

• January 10 Arthur Andersen states that it destroyed Enron documents. Congressional investigators state the destruction occurred from September to November.

• January 14 Arthur Andersen releases communications documents detailing Nancy Temple's involvement in the document destruction.

• January 15 Arthur Andersen announces that it fired David B. Duncan and put three partners on administrative leave.

• January 20 On Meet the Press, Arthur Andersen CEO Joseph Berardino states the document retention policy was "not to shred documents, not to eliminate documents if you have a reasonable basis to anticipate investigation."

• January 22 Enron executive Maureen Castaneda states that Enron had been shredding documents in its Houston headquarters the previous week.

• January 25 Former Enron executive J. Clifford Baxter found dead from apparent suicide.

• February 27 Connecticut Democrat Joseph Lieberman publicly criticized Wall Street Analysts: "It seems clear that too many analysts failed to ask 'why' before they said 'buy'"

• May 3 Enron proposes to set up a new company temporarily called OpCo Energy Company. If approved, OpCo will have Enron's core assets, including 15,000 miles of pipeline assets, 75,000 miles of distribution assets, 6,700 megawatts of generation, and 12,000 employees. [2]

• July 15 Snohomish Public Utility District sues 11 power generating and marketing companies, including Enron, for conspiring to create artificial power shortages in 2001. Snohomish PUD also cancels a $200 million purchase contract with Enron.

• August Enron demands that Snohomish PUD pay it $122 million for cancelling its purchase contract. The PUD responds with the claim that the contract was void because Enron was involved in fraudulent business practices to drive up prices.

• August 13 FERC launches a formal investigation into potential misconduct in the power generating and marketing industry.

January 9 is the 9th day of the year in the Gregorian calendar. ... The United States Department of Justice (DOJ) is a Cabinet department in the United States government designed to enforce the law and defend the interests of the United States according to the law and to ensure fair and impartial administration of justice for all Americans. ... January 10 is the 10th day of the year in the Gregorian calendar. ... January 14 is the 14th day of the year in the Gregorian calendar. ... January 15 is the 15th day of the year in the Gregorian calendar. ... Wikipedia does not yet have an article with this exact name. ... January 20 is the 20th day of the year in the Gregorian calendar. ... Meet the Press (MTP) is a weekly television news show produced by NBC. It started as a radio show in 1945 as American Mercury Presents: Meet the Press, originating from WRC-AM in Washington. ... Joseph (Joe) Berardino (b. ... January 22 is the 22nd day of the year in the Gregorian calendar. ... Maureen Castaneda was former director of Enron Corporation’s foreign investments section. ... January 25 is the 25th day of the year in the Gregorian calendar. ... J. Clifford Baxter (September 27, 1958 - January 25, 2002) was a former Enron Corporation executive who resigned in May 2001. ... February 27 is the 58th day of the year in the Gregorian Calendar. ... It has been suggested that this article be split into multiple articles. ... The Democratic Party is one of two major political parties in the United States, the other being the Republican Party. ... Joseph Isadore Lieberman (born February 24, 1942) is a Jewish-American Democratic politician and a current U.S. senator from Connecticut. ... May 3 is the 123rd day of the year in the Gregorian calendar (124th in leap years). ... The watt (symbol: W) is the SI derived unit of power, equal to one joule per second. ... Generation (From the Greek γιγνμαι), also known as procreation, is the act of producing offspring. ... Employment is a contract between two parties, one being the employer and the other being the employee. ... July 15 is the 196th day (197th in leap years) of the year in the Gregorian Calendar, with 169 days remaining. ... August 13 is the 225th day of the year in the Gregorian Calendar (226th in leap years), with 140 days remaining. ... Federal Energy Regulatory Commission (FERC): The U.S. federal agency with jurisdiction over interstate electricity sales, wholesale electric rates, hydroelectric licensing, natural gas pricing, oil pipeline rates, and gas pipeline certification. ...

2003

• February 19 A grassroots movement in Portland, Oregon submits enough signatures to qualify a measure for an election to decide whether to begin the process of converting Enron subsidiary Portland General Electric (PGE) into a PUD.

• March 17 Merrill Lynch, its four former executives and the SEC agree to settle the Enron security fraud case for $80 million. It is one of the five largest penalties imposed on security-related civil cases. [3]

• March 19 Enron Board of Directors approves to keep its three pipeline companies, Transwestern Pipeline Company, Citrus Corp., and Northern Plains Natural Gas Company, as subsidiaries of the new company temporarily called PipeCo. [4]

• June 25 FERC upholds as binding billions of dollars in long-term contracts signed by western utilities and the state of California.

• July 11 Enron files its bankruptcy reorganization plan.

• November 5 Voters in the Portland, Oregon metro area defeat a measure that would begin the process of converting Enron subsidiary PGE into a PUD, after both local utility companies, Portland General Electric and PacifiCorp, spend $1.9 million on advertisements to defeat the measure.

• November 18 Enron announced that it was selling its subsidiary PGE to a group of investors headed by former Oregon governor Neil Goldschmidt and funded by Texas Pacific Group for $2.35 billion. Goldschmidt had been a visible opponent of the measure to convert PGE to a Public Utility District.

• December Enron subsidiary PGE agrees to pay $8.5 million to settle a case involving illegal trading practices, while admitting no wrongdoing. $1.3 million of the payment will go to the state of Oregon.

February 19 is the 50th day of the year in the Gregorian Calendar. ... A grassroots political movement is one driven by the constituents of a community. ... Nickname: City of Roses, Stumptown, Bridgetown, PDX Location in Multnomah County and the state of Oregon Coordinates: Country United States State Oregon County Multnomah County Incorporated February 8, 1851 Mayor Tom Potter Area    - City 376. ... Portland General Electric (PGE) is an investor-owned electrical utility that distributes electricity to customers in parts of Portland, Oregon, as well as parts of Multnomah, Clackamas, Marion, Yamhill, Washington, and Polk counties - half of the inhabitants of Oregon. ... A Public Utility District (PUD) is an entity that provides, electricity, natural gas, sewer, waste collection, wholesale telecommunications, water, etc. ... March 17 is the 76th day of the year in the Gregorian Calendar (77th in leap years). ... Merrill Lynch & Co. ... March 19 is the 78th day of the year in the Gregorian calendar (79th in leap years). ... Transwestern Pipeline is a natural gas pipeline which brings gas from the San Juan Basin and Permian Basin to either California and Arizona or to the Oklahoma panhandle. ... June 25 is the 176th day of the year (177th in leap years) in the Gregorian Calendar, with 189 days remaining. ... Official language(s) English Capital Sacramento Largest city Los Angeles Area  Ranked 3rd  - Total 158,302 sq mi (410,000 km²)  - Width 250 miles (400 km)  - Length 770 miles (1,240 km)  - % water 4. ... July 11 is the 192nd day (193rd in leap years) of the year in the Gregorian Calendar, with 173 days remaining. ... November 5 is the 309th day of the year (310th in leap years) in the Gregorian Calendar, with 56 days remaining. ... November 18 is the 322nd day of the year (323rd in leap years) in the Gregorian Calendar. ... Official language(s) None Capital Salem Largest city Portland Area  Ranked 9th  - Total 98,466 sq mi (255,026 km²)  - Width 260 miles (420 km)  - Length 360 miles (580 km)  - % water 2. ... Neil Edward Goldschmidt (born June 16, 1940) is a former politician and businessman living in the State of Oregon and a member of the United States Democratic Party. ... The Texas Pacific Group (commonly referred as TPG) is a private equity investment firm founded by David Bonderman, James Coulter and William Price in 1993. ...

2004

• January 6 A New York judge gives his initial approval to Enron's plan for bankruptcy reorganization. Under this plan, creditors would receive $11 billion in cash and stock.
• January 14 Andrew Fastow and his wife Lea Fastow, both accept a plea agreement. Andrew Fastow will serve a ten-year prison sentence and forfeit $23.8 million. Lea Fastow, former Assistant Treasurer for Enron, will serve a five-month prison sentence and a year of supervised release, including five months of house arrest. Both provided testimony against other Enron corporate officers.
• January 22 Richard Causey was indicted on federal wire fraud and conspiracy charges for his activities at Enron between 1998 and 2002 in Houston, Texas. While prosecutors do not believe he skimmed millions of dollars from the numerous suspicious deals, he is believed to know details of many of them. Causey has pled not guilty.
• February 11 Jeffrey Skilling was arrested by the Federal Bureau of Investigation, and charged a few days later with 35 counts of fraud, insider trading, and other crimes.
• April 7 Lea Fastow withdraws her guilty plea after a federal judge rejected her plea agreement. Her trial was scheduled for June 2, 2004.
• May 18 Voters in Clackamas County, Oregon defeat a measure that would begin the process of converting Enron subsidiary PGE into a PUD.
• June 14 Snohomish PUD releases audiotapes and documents providing evidence that Enron manipulated the energy market. [5]
• July 7 Former Enron CEO Kenneth Lay is indicted by a United States federal grand jury on unnamed charges. Lay announces that he will surrender to authorities the following morning.
• July 12 Lea Fastow begins serving her maximum one year sentence after turning herself in at the federal detention center in downtown Houston.
• September 9 Federal bankruptcy judge Arthur Gonzalez denies Enron's request to block a lawsuit by the Pension Benefit Guaranty Corporation, seeking to take control of Enron's pension plans. The Pension Benefit Guaranty Corporation filed a lawsuit in June to force Enron to pay approximately $320 million owed to former employees under four pension plans.
• November 3 Former Enron finance director Dan Boyle and former Merrill Lynch bankers Daniel Bayly, Robert Furst, William Fuhs and James Brown are each convicted of one conspiracy count and two counts of wire fraud and face up to 15 years in prison

January 6 is the 6th day of the year in the Gregorian calendar, with 359 days (360 in leap years) remaining. ... NY redirects here. ... A judge or justice is an official who presides over a court. ... A creditor is a party (e. ... January 14 is the 14th day of the year in the Gregorian calendar. ... Lea Weingarten Fastow (born December 1961) is the wife of disgraced former Enron executive and convicted felon Andrew Fastow, and the second former Enron executive to go to prison after the company collapsed due to fraud in December 2001. ... January 22 is the 22nd day of the year in the Gregorian calendar. ... Richard Causey graduated from the University of Texas with a Masters degree in business and a bachelors degree in accounting. ... In the criminal law, a conspiracy is an agreement between two or more natural persons to break the law at some time in the future, and, in some cases, with at least one overt act in furtherance of that agreement. ... Nickname: Space City Location in the state of Texas Coordinates: Counties Harris County Fort Bend County Montgomery County Mayor Bill White Area    - City 1,558 km²  (601. ... In criminal law, an acquittal is the legal result of a verdict of not guilty, or some similar end of the proceeding that terminates it with prejudice without a verdict of guilty being entered against the accused. ... February 11 is the 42nd day of the year in the Gregorian Calendar. ... Jeffrey Skilling, credit AP Worldwide. ... The Federal Bureau of Investigation (FBI) is a federal criminal investigative, intelligence agency, and the primary investigative arm of the United States Department of Justice (DOJ). ... Insider trading is a term often used to refer to a practice, which is illegal in many jurisdictions, in which an investor trades securities of a company (, stocks, bonds or stock options) based on material non-public information which was obtained by an officer, manager, or other corporate insider, during... April 7 is the 97th day of the year in the Gregorian calendar (98th in leap years). ... June 2 is the 153rd day of the year in the Gregorian calendar (154th in leap years), with 212 days remaining. ... May 18 is the 138th day of the year in the Gregorian Calendar (139th in leap years). ... Clackamas County (IPA: ) is a county located in the state of Oregon. ... June 14 is the 165th day of the year in the Gregorian calendar (166th in leap years), with 200 days remaining. ... July 7 is the 188th day of the year (189th in leap years) in the Gregorian Calendar, with 177 days remaining. ... Enron Corporation was an American energy company based in Houston, Texas. ... Kenneth Lee Ken Lay (April 15, 1942 – July 5, 2006), was an American businessman, best known for his role in the widely-reported corruption scandal that led to the downfall of Enron Corporation. ... A grand jury is a type of jury, in the common law legal system, which determines if there is enough evidence for a trial. ... July 12 is the 193rd day (194th in leap years) of the year in the Gregorian Calendar, with 172 days remaining. ... Houston redirects here. ... September 9 is the 252nd day of the year (253rd in leap years). ... Arthur J. Gonzalez is a Federal Bankruptcy Judge for the Southern District of New York, one of the busiest jurisdictions in the nation for large bankruptcies. ... It has been suggested that civil trial be merged into this article or section. ... The Pension Benefit Guaranty Corporation (or PBGC) is an independent agency of the United States government created by the Employee Retirement Income Security Act of 1974 (ERISA) to encourage the continuation and maintenance of voluntary private pension plans, provide timely and uninterrupted payment of pension benefits, and keep pension insurance... November 3 is the 307th day of the year (308th in leap years) in the Gregorian Calendar, with 58 days remaining. ... Dan Boyle could be Dan Boyle the hockey player Dan Boyle the Irish politician This is a disambiguation page — a navigational aid which lists other pages that might otherwise share the same title. ... Merrill Lynch & Co. ... For other uses, see Bank (disambiguation). ... In the criminal law, a conspiracy is an agreement between two or more natural persons to break the law at some time in the future, and, in some cases, with at least one overt act in furtherance of that agreement. ... Wire fraud is a legal concept in the United States Code which provides for enhanced penalty of any criminally fraudulent activity if it is determined that the activity involved electronic communications of any sort, at any phase of the event. ...

2005

• April 18 Enron Broadband trial begins.
• May 31 U.S. Supreme Court overturns former Arthur Andersen conviction.
• July 20 Jury in Enron broadband trial acquits three of five defendants. Deadlocks on most of the 164 counts. Five defendants retried in separate trials in 2006.
• December 12 U.S. District Court Judge for the Southern District of Texas Melinda Harmon approves change of plea by David Duncan after unanimous overturn by U.S Supreme Court of Arthur Andersen LLP v. United States.
• December 28 Richard Causey pleads guilty to securities fraud.

April 18 is the 108th day of the year in the Gregorian calendar (109th in leap years). ... May 31 is the 151st day of the year in the Gregorian calendar (152nd in leap years), with 214 days remaining. ... The Supreme Court Building, Washington, D.C. The Supreme Court Building, Washington, D.C., (large image) The Supreme Court of the United States, located in Washington, D.C., is the highest court (see supreme court) in the United States; that is, it has ultimate judicial authority within the United States... This article or section seems not to be written in the formal tone expected of an encyclopedia entry. ... July 20 is the 201st day (202nd in leap years) of the year in the Gregorian Calendar, with 164 days remaining. ... December 12 is the 346th day (347th in leap years) of the year in the Gregorian calendar, with 19 days remaining. ... US District Court Judge Melinda Harmon was lead judge in the subsequently overruled Arthur Anderson trial. ... David Duncan (born 1960), is the United States governments star witness in the Arthur Andersen trial. ... Court membership Case opinions Laws applied 18 U.S.C. § 1512(b)(2)(A) and (B) (2000 version which has since been modified by Congress) Arthur Andersen LLP v. ... December 28 is the 362nd day of the year (363rd in leap years) in the Gregorian Calendar, with 3 days remaining. ... Richard Causey graduated from the University of Texas with a Masters degree in business and a bachelors degree in accounting. ...

2006

• January 30 The trial of Kenneth Lay and Jeffrey Skilling.
• April 3 Portland General Electric becomes an independent, publicly traded utility with the transfer of ownership from Enron to its creditors.
• May 25 Kenneth Lay found guilty by a jury on six counts and by a judge on four other counts in a separate bench trial, and Jeffrey Skilling found guilty of 19 of 28 counts.
• July 5 Before sentencing, Kenneth Lay dies of heart attack in Aspen, Colorado at the age of 64.
• July 6 Enron settles Enron Merrill Lynch case for $29.5m
• September 27 Andrew Fastow's ten year prison sentence is reduced by four years. US District Judge Ken Hoyt said the 44-year-old former Enron chief financial officer had given 'exceptional' assistance to prosecutors, had pledged to help victims and had shown remorse, and his wife had gone to prison for a year.
• October 17 All of Lay's convictions are officially vacated because he died before the appeals could be heard.
• October 23 Jeffrey Skilling is sentenced to 24 years, 4 months in prison. Reports to prison on December 13, 2006 to serve his sentence.

January 30 is the 30th day of the year in the Gregorian calendar. ... Lead judge is Sim Lake. ... April 3 is the 93rd day of the year (94th in leap years) in the Gregorian calendar, with 272 days remaining. ... May 25 is the 145th day of the year in the Gregorian calendar (146th in leap years). ... Kenneth Lee Ken Lay (April 15, 1942 – July 5, 2006), was an American businessman, best known for his role in the widely-reported corruption scandal that led to the downfall of Enron Corporation. ... Jeffrey Skilling, credit AP Worldwide. ... July 5 is the 186th day of the year (187th in leap years) in the Gregorian Calendar, with 179 days remaining. ... July 6 is the 187th day of the year (188th in leap years) in the Gregorian Calendar, with 178 days remaining. ... September 27 is the 270th day of the year (271st in leap years) in the Gregorian calendar. ... Andrew Stuart Fastow (born 22 December 1961) was the chief financial officer of Enron Corporation until the U.S. Securities and Exchange Commission opened an investigation into his conduct in 2001. ... October 17 is the 290th day of the year (291st in leap years) in the Gregorian calendar. ... October 23 is the 296th day of the year (297th in leap years) in the Gregorian calendar. ...

External links

• Special Investigation Committee of Enron’s board of directors
• The Rise and Fall of Enron Timeline
• Enron founder Ken Lay dies