In 2002, as it operated under bankruptcy, Enron sold off its furnishings. While former employees couldn't get their retirement savings back, they could try to buy their old Aeron office chairs at a discount, take home a 200-pound stainless steel E, or just snag a color yo-yo emblazoned with the company's logo. We wish we could get our hands on one of those yo-yos now. As important as it was to see Enron's leaders brought to justice for malfeasance and new laws passed to protect investors, one of Enron's many games --- moving around energy supplies not to improve delivery but to turn huge profits at customers' expense --- appears to have popped back up after a little sleeper trick.
The deadly power failures that occurred during Winter Storm Uri in 2021 may have been caused in part by pipeline operators who withheld natural gas from generators until prices spiked. How can we know that? A former Enron energy trader, Erik Simpson, has brought a lawsuit against 92 companies on behalf of all Texans that alleges they illegally manipulated markets. Houston Chronicle business columnist Chris Tomlinson has detailed the lawsuit in a four-part series. You can read our reaction here.
This week, with many schools back in session or about to start, we'll also be looking closely at the state of education funding. Of course we'll be watching the upcoming Republican presidential debate as well. As always, let us know what's on your mind (and if you happen to have one of those Enron yo-yos). Email us at viewpoints@houstonchronicle.com.
- The Editorial Board
Our picks
Photo by: Kin Man Hui/Staff Photographer
By Houston Chronicle Editorial Board
Frozen turbines didn't cause the Winter Storm blackouts. Pipeline firms allegedly withheld gas supply to drive up prices. Kansas, Oklahoma and the feds are investigating. Not Texas.
Photo by: Joe Holley | By Houston Chronicle Editorial Board The governor's disastrous campaign has militarized a small town, stolen a public park and endangered lives. | |
Photo by: YouTube Livestream Screenshot | By Houston Chronicle Editorial Board Also: Pornhub carding? Paxton's Uber-shady affair. Sheriff's action movie manhunt. Menil and the tomb raiders. | |
Photo by: Bela Ugrin, HP Staff / Houston Chronicle | By Lise Olsen Fifty years after Dean Corll's mass murders were discovered, we still don't know how many teen boys he killed. A toxic tale of homophobia, porn and the 1970s. | |
Photo by: Sharon Steinmann, Staff Photographer | By Craig Henderson The father of a trans daughter writes that, as a Christian and a psychologist, he's had many questions — but has no doubt about gender-affirming care. | |
Photo by: Michael Wyke, Contributor | By Lucy C. Sorensen, Shawn D. Bushway, John Engberg For nearly a decade now we have studied the troubling, longer-term effects school resource officers have on certain particularly vulnerable populations within a school. | |
Photo by: Jose Luis Pelaez Inc/Getty Images | By W. Andrew Achenbaum Millennials believe the system will support their parents. And they want it for themselves, too. | |
Photo by: Texas Central Partners / Texas Central Partners | By Houston Chronicle Editorial Board Amtrak's interest in the Houston-Dallas bullet train proposal will force Texas Central to prove that the project is even viable in the first place. | |
Photo by: Butch Dill, AP | |
From our readers
Photo by: Texas Central Partners | |
Photo by: Brett Coomer, Staff Photographer | Joe Sosa, Katy: "I found your article extremely disturbing. After teaching special education students for over 42 years, I know firsthand the time, services and support that exceptional students need to succeed." | |
Photo by: YouTube Livestream Screenshot | |
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We want to hear from you! Have an opinion or a response to one of our stories? Learn how to submit your op-eds or letters here or shoot us an email at viewpoints@chron.com. | |
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