INTERNORTH Meaning and
Definition
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Internorth refers to the name of a former American energy company that existed from 1979 to 1984. The term "internorth" can also be used to denote the consolidated corporation that resulted from the merger of two major regional pipeline companies called the InterNorth, Inc. and Houston Natural Gas Company (HNG). This merger occurred in 1985 and created a new entity known as Enron Corporation.
Internorth was primarily engaged in the transportation and distribution of natural gas, operating a vast network of pipelines across the United States. It played a significant role in the energy industry during its existence, serving as a major provider of natural gas to numerous regions, including crucial industrial hubs.
The merger between Internorth and Houston Natural Gas Company represented one of the most notable corporate consolidations in American history, forming Enron, which would eventually become one of the largest energy companies globally. Enron's fortunes, however, would take a turn for the worse, as it faced an accounting scandal and subsequent bankruptcy in 2001, resulting in significant financial losses for stakeholders and the dissolution of the company.
Overall, the term "internorth" carries historical significance as it pertains to the formation of Enron Corporation and its subsequent impact on the energy industry.
