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  1. Hace 14 horas · Rise of Enron Kenneth Lay in a July 2004 mugshot In 1985, Kenneth Lay merged the natural gas pipeline companies of Houston Natural Gas and InterNorth to form a multi-billion dollar company. Just a year later, they then changed the name to Enron. : 3 In the early 1990s, he helped to initiate the selling of electricity at market prices and, soon after, Congress approved legislation deregulating ...