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To: daviddennis
if the power crisis was so great for Enron, why did they collapse with a thud heard 'round the world shortly thereafter?

Good question. We know that California owed Enron millions of dollars. Did they ever pay up?

California may have well contributed to Enron's collapse.

31 posted on 05/11/2002 1:17:57 PM PDT by snopercod
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To: snopercod
Good question. We know that California owed Enron millions of dollars. Did they ever pay up?

IMO, far too little has been discussed about the surcharge many power companies tacked on to CA's power purchases because the state was so far in arrears on paying its bills. I believe it was BC Hydro which at one point refused to deliver power unless it received some of what it was due.

Several companies forgave the surcharge when Davis went squealing last year to FERC.

I think you're on to something with the "blame Enron" campaign strategy. I think it's a strategy that very possibly the Democrats will nationalize. I just wonder if it will work. I really think people are burned out hearing the whining about Enron. You can only kick a dead horse so many times...

34 posted on 05/11/2002 2:21:07 PM PDT by randita
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