Energy industry awaits ripple effects of Enron bankruptcy

Repercussions for the energy industry from the Enron Corp. debacle are bound to be numerous and complex for years to come. One immediate result is fewer opportunities for exploration and production companies to arrange long-term commodity price risk hedges.The lack of these hedges could generate greater volatility in earnings for natural gas companies in particular. Subsequently, that trend could change the investor profile for corporations whose management insists upon consistent returns by eliminating price risk exposure. Booz Allen Hamilton Inc.'s Harry QuarlsClick here to enlarge imageThat outlook emerged from an OGJ interview with Harry Quarls, senior vice-president with Booz Allen ...

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