Enron and Dynegy May Be Merging
Texas energy suppliers Enron Corp. and Dynegy may be merging, as Dynegy announced plans to acquire the flailing giant for approximately $9 million in stock. Enron was under fire during last year’s energy crisis. The company, a supporter of energy deregulation, was accused by California Gov. Gray Davis of manipulating the energy market. Enron is currently under investigation by the Securities and Exchange Commission for questionable financial dealings.
