Dynegy has called off the 8+ billion $ merger with Enron after the credit rating of the latter company was downgraded to junk. Enron was much in the news for making so much money during the California electricity crisis earlier this year. It appears that the company has been looted by some of their officials.

-- Anonymous, November 28, 2001

Answers

Well, maybe not looted, but they had some truly weird partnerships going on, which possibly were just to conceal the true state of the company, which is now valued at about 2% of what it used to be.

-- Anonymous, November 28, 2001