Almost no one would have expected that Enron would be rediscovered since its demise in the early 2000s. However, the infamous natural gas and electricity company is making headlines again – this time for a “new chapter”. So does this mean Enron is back?

Learn more about Enron’s past and possible future in the crypto world here.

What was Enron?

Enron, based in Houston, Texas, began as a natural gas and oil trading company. The company’s mission focused on raw materials and energy.

Who was the CEO of Enron?

Originally founded by Kenneth Lay, Jeffrey Skilling became CEO of Enron. Lay was convicted of six counts of fraud and conspiracy and four counts of bank fraud in connection with the Enron insider trading and accounting scandal. He died in 2006 before his sentencing was scheduled to begin.

Skilling was found guilty on several counts Conspiracy and fraud. He was initially sentenced to 17 years in prison, but his Sentence Was reduced up to 14 years. AdditionallySkilling was ordered to pay more than $40 million to fraud victims in the Enron scandal. Skilling was released from prison in February 2019.

Is Enron back?

We’re back. Can we talk? pic.twitter.com/9kt4g0Q84Z

– Enron (@Enron) December 2, 2024

According to a press release dated December 2, 2024, Enron officially declared its comeback and stated its new goals.

“Enron Corporation today announced its relaunch as a company dedicated to solving the global energy crisis,” the press release said. “With a bold new vision, Enron will harness cutting-edge technology, human ingenuity and the spirit of adaptation to address the critical challenges of energy sustainability, accessibility and affordability.”

As for Enron’s “vision,” the company pointed to its “main pillars” – “Adaptation as Strength,” “Leadership by Example,” “Forgiveness and Progress,” “Permissionless Innovation,” and “Solving the Energy Crisis.”

“As the energy landscape continues to change, Enron is committed to continued innovation and agility to meet evolving needs, from renewable energy integration to climate resilience,” the announcement said. “Enron’s leadership team is focused on setting a high standard for ethical business practices, transparency and sustainability, and serving as a role model for corporate responsibility worldwide.”

When it comes to the forgiveness pillar, Enron vowed to “acknowledge the past” with “a forward-looking approach that emphasizes collective growth and learning.”

“Decentralized technology is advancing and we will of course continue to play a role in the future,” emphasized Enron. “Enron will focus on scalable, sustainable solutions, including investments in renewable energy infrastructure, advanced energy storage and advanced power distribution systems.”

When will Enron be restarted?

In its press release dated December 2, 2024, the company noted that it is beginning a “new chapter” in 2024.

Does Enron have a new team?

At the time of publication, it is unclear whether Enron has appointed a new leadership team.