Enron The Smartes St Guys In The Room Analysis

For over 100 years, electricity was a regulated industry in the United States. This practice required consumers to purchase electricity directly from monopolized utility companies where prices are regulated by the government. A law was enacted in California that called for the deregulation of energy. With deregulation, consumers would be able to select their preferred suppliers and prices would no longer be governed by a regulatory body. Although consumers in California believed that they would start paying less for their electricity, deregulation led to schemes of market manipulation in 2000 and 2001 by major energy companies, including Enron Corporation. The philosophy of egoism emphasizes that decisions on what is right or wrong are based on the choice which best serves the self-interest of the decision maker. This approach says that individuals make choices based on the benefits they gain from them. In the documentary, “Enron: The
The mega energy company was concerned about making profits at the end of the quarter and by taking advantage of the rolling blackouts in