Congress, White House eye energy market oversight in Enron aftermath

A legislative battle is shaping in the US Congress over whether more regulatory oversight of energy markets is needed in the wake of the Enron Corp. financial debacle, according to US officials and industry lobbyists.In a series of congressional hearings over the past few weeks, some lawmakers-mostly Democrats led by Rep. John Dingell (D-Mich.), the ranking member of the House Committee on Energy and Commerce-have called for sweeping changes to existing laws."Enron, the seventh largest company in the nation, a darling of Wall Street and a publicly held company, failed-taking with it the incomes, savings, and dreams of its employees. This committee, and the Congress, has a duty to find out...

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