CSA Z462 Arc Flash Training – Electrical Safety Compliance Course

Our customized live online or in‑person group training can be delivered to your staff at your location.

  • Live Online
  • 6 hours Instructor-led
  • Group Training Available
Regular Price:
$249
Coupon Price:
$199
Reserve Your Seat Today
SEC calls Lay fight over Enron subpoena

WASHINGTON -- The U.S. Securities and Exchange Commission recently said an attempt by ex-Enron Corp. Chairman Kenneth Lay to withhold records subpoenaed by the agency is a "charade" because he has already given them to a bankruptcy examiner. The former chairman of the bankrupt energy trader has been ordered to appear in federal court in Washington on Nov. 7, following SEC charges he had not fully complied with the commission's subpoena request.

Lawyers for Lay have said he has already produced more than 23,000 pages of documents for the SEC's investigation of the Houston-based company, which collapsed in 2001 amid an accounting scandal.

In September, the SEC said it was looking at whether Lay knew of, or was involved in, fraudulent activity at Enron. Lay has argued the 870 pages of documents he has withheld were personal rather than corporate in nature.

He said he wanted to invoke his Constitutional Fifth Amendment right against self-incrimination because the SEC would not guarantee the information would not be later used against him.

But in an amended court response filed recently, Lay disclosed he had made the documents available to Enron's bankruptcy examiner, prompting a sharp SEC response.

"Lay certainly cannot have any bonafide legal concerns attaching to his physical act of producing subpoenaed records given the fact that he has now produced them to third parties," including class action lawsuit plaintiffs and the bankruptcy examiner, the SEC said in its court documents, which it filed and released recently.

The SEC said in its response that Lay has entered into a "confidentiality agreement" with the bankruptcy examiner that protected the documents from disclosure.

"This court should not permit Lay to continue this charade," the SEC said, adding: "Lay has demonstrated a frankly whimsical approached to asserting his Fifth Amendment rights."

Related News

Ontario announces SMR plans to four reactors at Darlington

Ontario Darlington SMR Expansion advances four GE Hitachi BWRX-300 reactors with OPG, adding 1,200 MW…
View more

Nelson, B.C. Gets Charged Up on a New EV Fast-Charging Station

Nelson DC Fast-Charging EV Station delivers 50-kilowatt DCFC service at the community complex, expanding EV…
View more

How Ukraine Unplugged from Russia and Joined Europe's Power Grid with Unprecedented Speed

Ukraine-ENTSO-E Grid Synchronization links Ukraine and Moldova to the European grid via secure interconnection, matching…
View more

BMW boss says hydrogen, not electric, will be "hippest thing" to drive

BMW Hydrogen Fuel Cell Strategy positions iX5 and eDrive for zero-emission mobility, leveraging fuel cells,…
View more

Reconciliation and a Clean Electricity Standard

Clean Electricity Standard (CES) sets utility emissions targets, uses tradable credits, and advances decarbonization via…
View more

Study: US Power Grid Has More Blackouts Than ENTIRE Developed World

US Power Grid Blackouts highlight aging infrastructure, rising outages, and declining reliability per DOE and…
View more

Sign Up for Electricity Forum’s Newsletter

Stay informed with our FREE Newsletter — get the latest news, breakthrough technologies, and expert insights, delivered straight to your inbox.

Electricity Today T&D Magazine Subscribe for FREE

Stay informed with the latest T&D policies and technologies.
  • Timely insights from industry experts
  • Practical solutions T&D engineers
  • Free access to every issue

Download the 2026 Electrical Training Catalog

Explore 50+ live, expert-led electrical training courses –

  • Interactive
  • Flexible
  • CEU-cerified