Malfeasance at Enron, a Houston-based energy firm, led to overstatement of revenues by almost $92 billion. As Enron closed its operations, U.S. energy prices remained stable. This may have been evidence that

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The fact that U.S. energy prices remained stable after Enron closed its operations suggests that there is a competitive market in energy distribution in the United States. If Enron had significant control over energy prices, then the closure of the company would have had a larger impact on energy prices. Additionally, the overstatement of revenues by almost $92 billion at Enron shows that there were fraudulent activities and deception taking place within the company, rather than a lack of competition or an ability to charge whatever prices they wanted.

Malfeasance at Enron, a Houston-Based Energy Firm, Led to Overstatement