Industry takes first post-Enron steps towards modifying risk techniques

07/08/2002
Countless energy companies' business practices will be forever changed by the fall of and subsequent investigation into beleaguered energy merchant Enron Corp. For one, risk management techniques and tools used by oil and gas companies will have to be reassessed and modified to conform with the changing accounting and reporting environment.Some of the heftier modifications are likely to occur in how companies manage risk through their successful information technology (IT) implementation and through changes in their energy trading practices. The process of IT implementation itself can entail a new kind of business risk for energy companies today. And in the continuing debacle surround...
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