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Financial Collapse of Enron Corp

Subcommittee on Oversight and Investigations
March 14, 2002
10:00 AM
2322 Rayburn House Office Building 

 

Carol L. St. Clair Esq.
Former Assistant General Counsel ECT Resources Group
Enron Corporation

Good morning.  Mr. Chairman and Members of the subcommittee, my name is Carol St. Clair.  Last month, I accepted a new position as a trading attorney in the Legal Department of UBS Warburg Energy, LLC after working at Enron Corporation for more than seven years.  I started at Enron in 1994, working for the Liquids Group in the legal department of Enron North America Corporation.  In 1995, after the Liquids Group was sold, I transferred to Enron North America's Finance Group.  I worked in the Finance Group until March 1999 when I transferred to Enron North America's Financial Trading Group where I served until June 2000.  In January 2001, after a six month maternity leave, I joined Enron North America's Power Trading Group. 

As you know, Mr. Chairman, I am appearing this morning voluntarily.  To date, I have fully and freely cooperated with the subcommittee's investigation and intend to continue to do so.  Mr. Chairman, I will, to the best of my ability, be glad to answer questions you or any other members of the subcommittee may have.

Thank you.

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