Scandal-ridden Enron showed up among orders issued by FCC Wed. as...
Scandal-ridden Enron showed up among orders issued by FCC Wed. as agency completed unrelated investigation of company’s failure to get Commission approvals when it acquired companies with private radio and microwave licenses. Enron informed FCC in 1998 that it…
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had failed to get approvals, explaining that responsibility for getting licenses was decentralized among Enron subsidiaries and in some cases subsidiaries didn’t know approvals were needed. Commission spokesman was quick to inform media that FCC investigation had nothing to do with Enron’s accounting problems. Agency said Enron voluntarily had conducted comprehensive review of all transactions involving acquisition of licenses “and has taken all necessary remedial action” to make sure they have been obtained. FCC issued consent decree in which Enron agreed to pay $7,500 fine and to set up Telecom Regulatory Compliance Program to make sure company met Commission requirements in any licensing matters. Program includes designation of Telecom Compliance Attorney to oversee program, training sessions for lawyers and managers, development of database of information about Enron’s telecom licenses.