Denzel helped an internet–based consulting firm to develop a research and news service for Enron and Shell. Denzel managed team of analysts writing customized, “real–time” analysis, research briefs, and competitive intelligence for Enron and Shell. He wrote research reports on a variety of regulatory topics including: Analysis of bidding rules in Argentine electricity spot market; estimation of configuration and supply/demand balance of proposed US Federal Energy Regulatory Commission’s Regional Transmission Organizations, a review of trends in the regulatory treatment of local distribution companies uncollectibles/bad debt; and an analysis of the Ontario Electricity Board’s performance based rates regime.