Panel to Hear The Variations On the Theme Of Enron's Fall
Enron Corp's former chief executive Jeffrey K Skilling is scheduled to appear before Senate Commerce Committee on Feb 26 and will no doubt be subjected to intense, skeptical questioning about his role in company's collapse; Skilling, in House subcommittee testimony, portrayed himself as unaware of details of financial arrangements central to Enron's collapse and as supporting subordinates who brought their concerns to him; vice president Sherron S Watkins, who raised questions about transactions at time Skilling resigned last August, is also scheduled to appear before Senate committee; she testified to House subcommittee that Skilling was aware of details of transactions and that he had power to keep Enron's board in dark about what was happening; her account is likely to be supported by friend and ally in Enron's internal wars, president Jeffrey McMahon, who is also scheduled to appear before committee; McMahon has already told Congress that he confronted Skilling nearly two years ago about conflicts of interest in Enron's finances--account disputed by Skilling; photos (M)