Enron Corp. founder and former chairman Ken Lay has died of a massive coronary at age 64, according to the Houston Chronicle. Lay helped lead the company’s rise from a gas pipeline company formed by a 1985 merger to an energy and trading conglomerate that reached number seven on the Fortune 500 in 2000 and claimed $101 billion in annual revenues, reports the Houston Chronicle. Lay was convicted on May 25, along with former Enron chief executive officer Jeffrey Skilling, of defrauding investors and employees by repeatedly lying about Enron’s financial strength before the company declared bankruptcy protection in December 2001. Lay was also convicted in a separate trial of bank fraud and making false statements to banks, the Chronicle reports
Recommended Reading
Venture Global’s Calcasieu Pass LNG Project Gets Boost from FERC
2025-02-07 - The Federal Energy Regulatory Commission released a report responding to an appellate court’s questions over Venture Global LNG’s Calcasieu Pass 2 project.
Energy Transition in Motion (Week of Feb. 7, 2025)
2025-02-07 - Here is a look at some of this week’s renewable energy news, including a milestone for solar module manufacturing capacity.
Paisie: Assessing an Uncertain Energy Future in Three Scenarios
2025-02-07 - Several years ago, Stratas Advisors developed three long-term energy scenarios. A scenario depicting greater market volatility in an increasingly unstable world is appearing more likely.
GPA Midstream Files Petitions Against Methane Tax
2025-02-07 - The GPA Midstream Association joins a number of states that have filed a suit against the implementation of a waste emissions charge.
Hamm: Interior, DOE Leadership is a ‘Dream Team’
2025-02-06 - Harold Hamm, U.S. energy policy influencer and founder of wildcatter Continental Resources, said his top choices of Interior Secretary Doug Burgum and newly confirmed Energy Secretary Chris Wright will be a “dream team of unimaginable proportions.”