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Home > Company Index > Utilities > Water Utilities > Azurix Corp.

Azurix Corp.
 PROFILE
Azurix sees water, water everywhere, and hopes to make money from it. The company is controlled by Enron, which formed Azurix to acquire, manage, and develop water and wastewater businesses around the world. The company's biggest operation is UK-based Wessex Water; Azurix also operates systems and offers related services in Argentina, Brazil, Canada, Egypt, Germany, Mexico, and the US. With deregulation sweeping through the water industry, Azurix had hoped to use Enron's experience to pick up a number of formerly government-owned water companies. But the company's stock slumped after its 1999 IPO, and Enron bought out minority shareholders in 2001 and said it would consider selling Azurix's assets.

 COMPETITION
American Water Works Company, Inc. (AWK)
Thames Water plc (dossier)
United Utilities PLC (UU)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 757.30
1-Yr. Sales Growth: 22.5%
Employees: 98
Revenue per employee: $7,727,551.02

 KEY PEOPLE
• John L. Garrison
    CEO
• J. Michael Anderson
    CFO

 CONTACT INFO
333 Clay St.
Houston, TX 77002
US
Phone: 713-646-6001
Fax: 713-345-5358
Online: Web Site

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