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The Enron Scandal was a number of occasions that resulted in the bankruptcy on the U.S. Power, commodities, and services enterprise Enron Company in 2001 and the dissolution of Arthur Andersen LLP, which had been amongst the biggest auditing and accounting businesses on earth.
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The trades authorized the producers to mitigate the chance of Power-cost fluctuations by fixing the advertising cost of their goods via a contract negotiated by Enron for a rate.
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