When the shareholders of Duke Energy Corp. gathered for the company's annual meeting, Chief Executive Richard Priory likened California's business climate to that of a Third World country: "It's no different than if it was Ecuador or Peru and we had investment decisions to make in those countries."
Really? I thought this was the best quote:
"The idea that people will be able to hide the truth indefinitely ... is a gamble that will be lost," said Michael Aguirre, a former federal prosecutor who has filed one of several lawsuits against generators. "They won't be able to hide anymore."
Speaking of "Duke investors"... Duke Energy Corporation Stock Purchasers Represented By Schatz & Nobel In Class Action Lawsuit
And third world business practices:
Duke and El Paso draw subpoenas
And BTW, do a search before posting: Duke increased (price gouged) energy prices during California power crisis
While I think that Duke, Enron and many other power suppliers may have been guilty of a lot of crimes, I don't think that the ones that most Democrats are trying to hang them with are the ones that their CEO's should go to jail for.
Specifically, when you compare the price fixing/gounging charges to the accouting practice/inflating sales/earnings to fluff up stock price; several of the companies seem have a lot more evidence of trying to dress their books than to rape California ratepayers.
In fact if Duke is still owed $225 million from the ISO, is it not California that has raped the power companies? I know for a fact that BPA is still owed money by California. I suspect that there are other power companies that are owed money by California. In such a case , who is the bigger crook, a quasi-state government agency that doesn't pay its bills or companies that try to get their money by holding future services hostage to past lack of payment? I suspect that very few who participated in the California power market have totally clean hands, but I also suspect that the hands of the ISO are especially dirty. And yet, I hear no continuing cry from you or others as to holding those at the ISO and those who appointed the leaders of the ISO accountable for any of the problems associated with the Calfironia power crisis.