1. BUSH Refuses to tell Senators the names of his and CHENEYs contacts in Energy Industry January 23, 2002.
"The senators, including Joseph Lieberman of Connecticut and Carl Levin of Michigan, are spearheading the Senate probe of energy trading company Enron. They said the GAO should press its long-standing requests for White House contacts with the energy industry."
Message 16951884
Message 16954792
Message 16962778
2. Republican bosses can't escape from Enron glare
Message 16956669
3.Ashcroft [Excused] Himself From Enron Case
``The amount of Lay's contribution was many times greater than the maximum allowable contribution by
individuals to federal candidates, which is just $2,000, and it appears to have been given in a manner that
many campaign finance experts believe thwarted the intent of election laws,'' Waxman said.
Message 16892288
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4.Cheney, Aides Met With Enron 6 Times in 2001
Counsel: Energy Policy Was Topic
Message 16886193 from Washington Post
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5. Senator Henry Waxman responds by letter on January 8, 2002 to Vice President Cheney.
Senator Waxman letter is, in response to a letter dated, January 4, 2002, from Mr. Cheney's counsel, David S. Addington.
To read Senator Waxman's letter to Mr. Cheney, in pdf format, go to:
house.gov
Here are a couple of excerpts from Senator Waxman's letter to Vice President Cheney:
Mr. Waxman wrote, "For the first time, the letter from Mr. Addington provides some limited details about the contacts between Enron and the Energy task force."
In regard to the meetings between Cheney and Enron, Senator Waxman notes:
"The meetings included a private meeting on April 17 between you and Enron CEO Kenneth Lay during which you and Mr. Lay discussed "energy policy matters" including "the energy crisis in California. At the time, Enron had launched a high-profile campaign against the imposition of federal price caps on wholesale energy sales in California. The day after your meeting with Mr. Lay you gave a telephone interview to the Los Angeles Times in which you stated that the Administration would not support price caps'"
Also, Mr. Waxman wrote:
"The information from Mr. Addington shows that the access provided to Enron far exceeded the access provided by the White House to other parties interested in energy policy. For example, while Enron participated in six separate White House meetings, environmental and consumer advocates have stated that you claimed you were too busy to meet with them and that the tax force's executive director met with them " but did not ask for substantive recommendations."
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6. Chronology of Enron Corp.
Thursday January 10 5:46 PM ET
By The Associated Press,
A chronology of Enron Corp.:
July 1985 - Houston Natural Gas
merges with InterNorth, a natural
gas company based in Omaha,
Neb., to form the modern-day
Enron, an interstate and intrastate
natural gas pipeline company with
37,000 miles of pipe.
1989 - Enron begins trading natural gas commodities.
Over the years, the company becomes the largest natural
gas merchant in North America and the United Kingdom.
December 2000 - Enron announces that president and
chief operating officer Jeffrey Skilling will take over as
chief executive in February. Kenneth Lay will remain as
chairman. Shares hit 52-week high of $84.87 on Dec. 28.
August 2001 - Skilling resigns after running the company for just six months;
Lay becomes CEO again.
Oct. 15 - Lay talks to Commerce Secretary Don Evans while Evans is in Russia
leading a trade mission. Commerce officials say the call dealt with an Enron
energy project in India and did not cover Enron's financial troubles.
Oct. 16 - Enron reports a $638 million third-quarter loss and discloses a $1.2
billion reduction in shareholder equity, partly related to partnerships run by
chief financial officer Andrew Fastow.
Oct. 22 - Enron acknowledges Securities and Exchange Commission inquiry into a possible conflict of interest related to the company's
dealings with the partnerships.
Oct. 24 - Enron ousts Fastow.
****** Oct. 28 - Lay talks by telephone with Treasury Secretary Paul O'Neill to
inform O'Neill of the financial problems facing the company, according to
O'Neill spokeswoman Michele Davis. Davis said the two also talked on Nov. 8.
She said Treasury officials could detect no ripple effects in financial markets
from Enron's troubles and O'Neill did nothing to help the company.
Oct. 29 - Lay talks by telephone with Evans. A Commerce spokesman says Lay
asked Evans if he could do anything to influence a decision by Moody's
Investors Service to downgrade Enron's credit rating. Evans, after talking to
the general counsel at the Commerce Department ,
determines it would not be appropriate to intervene in a decision by a private
credit rating agency, according to Commerce spokesman Jim Dyke.
Oct. 31 - Enron announces the SEC inquiry has been upgraded to a formal
investigation.
Nov. 8 - Enron files documents with SEC revising its financial statements for
past five years to account for $586 million in losses.
Nov. 9 - Dynegy Inc. announces an agreement to buy its much larger rival
Enron for more than $8 billion in stock.
Nov. 19 - Enron restates its third-quarter earnings and discloses it is trying to
restructure a $690 million obligation that could come due Nov. 27.
Nov. 20 - Concerns about Enron's ability to weather its spiraling financial
problems send the company's stock down nearly 23 percent to its lowest level
in nearly 10 years.
Nov. 21 - Enron reaches agreement to extend $690 million debt payment.
Nov. 26 - Enron shares fall 15 percent, to $4.01.
Nov. 28 - Dynegy backs out of deal after Enron's credit rating is downgraded
to junk bond status. Enron shares plunge below $1 amid the heaviest
single-day trading volume ever for a NYSE or Nasdaq-listed stock.
Dec. 2 - Enron files for Chapter 11 bankruptcy protection; sues Dynegy for
wrongful termination of merger.
Jan. 10, 2002 - Justice Department confirms it has begun a
criminal investigation of Enron Corp. Company's auditor, Arthur Andersen
LLP, says it destroyed some Enron documents.
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