Ignored in the scandal about Enron's off-the-books
deals is the fact that
Enron's core businesses--trading and selling energy--made little economic sense.
Starting in the early 1990s, Enron claimed it could make electricity generation
more efficient through a system to trade more electric power than regulated
utilities. To that end, the company urged the Federal Energy Regulatory
Commission (FERC) to promote the deregulation of wholesale electric markets.