Choose a time period below to explore the scandal.

2003

February 5, 2003
After rolling blackouts and soaring energy prices in California, Republican former Assemblyman Howard Kaloogian and the taxpayer group People's Advocate announce separate campaigns to try to recall Democrat Governor Gray Davis.

March 19, 2003
Enron announces the company will keep its North American pipelines and 18 international pipeline and power assets to emerge from bankruptcy as two separate companies with different names.

March 25, 2003
California recall supporters begin collecting the 897,158 signatures needed to put the recall on the ballot.

May 1, 2003
Andrew Fastow's wife, Lea, and seven former Enron executives charged. Lea Fastow is charged with conspiracy and filing false tax forms for allegedly participating in some of her husband's deals. Former Enron treasurer Ben Glisan Jr. and midlevel executive Dan Boyle also charged for allegedly participating in Fastow-run schemes. Additional charges filed against Andrew Fastow.

July 11, 2003
Enron files reorganization plan in its bankruptcy case that says most creditors will receive about one-fifth of the estimated 67 billion dollars they are owed. The 67 billion dollars shrinks to 66.4 billion dollars after several revisions.

July 23, 2003
California Secretary of State Kevin Shelley announces that Governor Davis will face a recall election.

August 6, 2003
Actor Arnold Schwarzenegger announces on The Tonight Show with Jay Leno that he will run for governor. California’s Lieutenant Governor Cruz Bustamante, breaking ranks with fellow prominent Democrats, announces he too will run. Senator Dianne Feinstein rules out running for governor, saying the election is "more and more like a carnival every day.”

September 10, 2003
Former treasurer Ben Glisan Jr. pleads guilty to one count of conspiracy and is the first former Enron executive to be put in jail.

October 7, 2003
Arnold Schwarzenegger wins the California recall election.

November 18, 2003
Enron announces it will sell Portland General Electric, its Pacific Northwest utility, to partnership backed by Texas Pacific Group for 1.25 billion dollars in cash and 1.1 billion dollars in assumed debt.

Read about Enron in 2004 >>