In aiming to make financial statements more meaningful, will FASB instead make them indecipherable?
By mid-summer, a total of 123 companies had cranked out some 574 pages of comments,...
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Enron Joins With California Agency
The 700,000-customer Northern California Power Agency and Enron Capital & Trade Resources, an Enron Corp. subsidiary, have formed an exclusive strategic alliance to offer improved energy services while allowing NCPA to compete in a deregulated electric market.
Upon reaching a final agreement, Enron will provide the agency with a comprehensive package of services, including sale of natural gas and financial and risk management products. The agency expects its customers to benefit through lower energy bills and access to new options from Enron such as levelized billing and single-source billing for electric and natural gas. (em LB
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