Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

State [California] to blame in energy fraud, lawmakers say
Oakland Tribune ^ | May 20, 2002 | Lisa Friedman

Posted on 05/20/2002 2:52:22 PM PDT by snopercod

WASHINGTON -- California was asking for it?

That seemed to be the tone of statements last week from House and Senate Republicans claiming that California left itself vulnerable to exploitation by Enron and other energy companies by creating an unsound electricity system.

"Enron may have taken advantage of the weaknesses in the California program, but California only has itself to blame for creating a flawed system in the first place," Sen. Frank Murkowski, leading Republican on the Senate Energy Committee said this week.

Similarly, a spokesman for Rep. George Radanovich, R-Fresno, has said Enron officials were merely "more savvy" and "outfoxed" Davis' appointees to the Independent System Operator.

Davis spokesman Steve Maviglio said, "It's outrageous that congressional Republicans would say 'It's your problem.'"

"The law was flawed," Maviglio acknowledged of the 1996 act that deregulated California's markets.

But, he said, Enron and other companies "took advantage of a flawed law illegally."

Murkowski spokesman Joe Brenckle said his boss was not using blame-the-victim tactics.

"I don't think he was specifically singling out California as the only part of the problem," Brenckle said. "Enron needs to take responsibility. At the same time, there were decisions that made things worse."

Meanwhile, Democrat senators used the recent hearings on Enron's California memos to poke fun at the bankrupt company.

When one Enron attorney noted that the company made every effort to preserve documents and removed every shredder from the firm's Portland office, where its questionable trading practices originated, Sen. Brian Dorgan, D-N.D., shot back, "One wonders whether they were taken to Houston."

[large snip of other issues: Medicaid, Salmon, Social Security fraud, legal costs for government agencies]

You can contact Lisa Friedman by phone at (202) 662-8731 or e-mail her at lisafriedman@angnewspapers.net


TOPICS: Business/Economy; Extended News; Government; News/Current Events; US: California
KEYWORDS: calpowercrisis; enron; enronlist; government
Navigation: use the links below to view more comments.
first 1-2021-36 next last
Maviglio said, Enron and other companies "took advantage of a flawed law illegally." BWAAAHAHAHAHAH!

This from a man who purchased a still-undisclosed number of Calpine shares in June, 2001 while he was busy giving them contracts.

One can only hope that he hung onto them...

1 posted on 05/20/2002 2:52:22 PM PDT by snopercod
[ Post Reply | Private Reply | View Replies]

To: Ernest_at_the_Beach;*calpowercrisis;Enron_List
At least there are a couple of small papers telling the truth.
2 posted on 05/20/2002 2:54:21 PM PDT by snopercod
[ Post Reply | Private Reply | To 1 | View Replies]

To: snopercod
Well, ok. Let's be fair here. Put Davis and Ken Lay in the same prison cell with Bubba.
3 posted on 05/20/2002 3:02:12 PM PDT by Enterprise
[ Post Reply | Private Reply | To 1 | View Replies]

To: Enterprise
GOV.DOOFUS WHERE ARE YOU!!!!
4 posted on 05/20/2002 3:15:31 PM PDT by jocko12
[ Post Reply | Private Reply | To 3 | View Replies]

To: snopercod;dog gone
"took advantage of a flawed law illegally."

Now how the heck can you do that?

Inquiring minds want to know!

What the hell is the IQ level in the Governor's office?

5 posted on 05/20/2002 3:17:23 PM PDT by Ernest_at_the_Beach
[ Post Reply | Private Reply | To 2 | View Replies]

To: randita;SierraWasp; Carry_Okie; okie01; socal_parrot; quimby; John Jorsett;Ron Dog; Ron C...
Calpowercrisis:
To find all articles tagged or indexed using Calpowercrisis, click below:
  click here >>> Calpowercrisis <<< click here  
(To view all FR Bump Lists, click here)



6 posted on 05/20/2002 3:19:38 PM PDT by Ernest_at_the_Beach
[ Post Reply | Private Reply | To 5 | View Replies]

To: snopercod
California left itself vulnerable to exploitation by Enron and other energy companies by creating an unsound electricity system. This sounds analogous to the answer a young thug gave to Richard Prior during an interview at a youth detention center outside Detroit during the 1980s. Prior was interviewing young black prisoners to try to find out why there are so many behind bars. Prior asked the young thug, "you stold from your victim only $60.00, he was old and you're a teenager, why did you have shoot the the guy? The young thug answered, "It was his fault, he was stupid, he shouldn't have been there."
7 posted on 05/20/2002 3:22:50 PM PDT by drypowder
[ Post Reply | Private Reply | To 1 | View Replies]

To: snopercod
Californians hate power plants. A major power plant near my home was denied permission to build, until just before the blackouts hit. Another plant has been held up until they can "prove" they have enough water, as if someone would invest hundreds of millions in a plant without being sure.

Enviros have tried to stop construction of a large plant in Blythe, and have been actively trying to shut down plants in the Bay area, and in the LA basin. In the middle of the blackouts, they were doing this.

Despite the fact that they propose wind farms everytime a real plant is proposed, enviros oppose wind energy, and have fought to stop every wind project.

When a plant is going down for maintenance, power companies buy replacement power through brokers, usually at very high prices, for the few hours or days the plant is going to be down. The high cost normally doesn't matter, as it is only a short-term expense. But in California, due to its own silliness, they were forced to buy large amounts of power at short-term prices, and then blamed the brokers for their own incompetence.

They can sell this story to their constituents, who want to believe. But in the real world where energy is produced, plants built, or not built, their whining is just embarrassing.

8 posted on 05/20/2002 3:32:26 PM PDT by marron
[ Post Reply | Private Reply | To 1 | View Replies]

To: snopercod
But, he said, Enron and other companies "took advantage of a flawed law illegally."

Excuse me, but it occurs to me that every contract the State of California enters into is checked, and rechecked, with Legal Counsel to avoid the kind of thing Davis' spokesman is charging here. I don't know whether Enron illegal ripped off California on energy prices, but it's fair to say that California authorities (principally in the Governor's office) were grossly negligent to enter into a contract that ripped the state off.

9 posted on 05/20/2002 4:29:40 PM PDT by My2Cents
[ Post Reply | Private Reply | To 1 | View Replies]

To: marron;Ernest_at_the_Beach
Right on!

Ernest, better put marron on your bump list.

10 posted on 05/20/2002 5:33:10 PM PDT by snopercod
[ Post Reply | Private Reply | To 8 | View Replies]

To: jocko12
"GOV.DOOFUS WHERE ARE YOU!!!!"

Please don't bother the Governor just right now. He is out fundraising. It should be noted though that if you happen to have a couple of hundred thousand dollars to donate to his re-election, he can probably be persuaded to take your call.

11 posted on 05/20/2002 5:39:54 PM PDT by Enterprise
[ Post Reply | Private Reply | To 4 | View Replies]

To: snopercod
DUMP DAVI$



GO SIMON

12 posted on 05/20/2002 6:22:46 PM PDT by NormsRevenge
[ Post Reply | Private Reply | To 1 | View Replies]

To: Enterprise; snopercod; Ernest_at_the_Beach; SierraWasp; Carry_Okie
What we should be asking is why, as govenor, dimbulb has to build such a big war chest? This history major from Stanford, who can't balance a checkbook, has never taken care of CA. For what prize has been on his eyes?

The analogy to Clinton is appropriate, except for the total lack of personality. That could be forgiven, but he steals. I think a profile is in order.

13 posted on 05/20/2002 6:27:02 PM PDT by Angelique
[ Post Reply | Private Reply | To 11 | View Replies]

To: snopercod;marron
Ok!

I just posted two more articles on possible cancellation of power plant construction.

Sacramento and Hayward!

14 posted on 05/20/2002 6:44:51 PM PDT by Ernest_at_the_Beach
[ Post Reply | Private Reply | To 10 | View Replies]

To: snopercod
California proves in every election that the majority of people living there are idiots, by the politicians they elect to give political power. Let them dig their own grave, just as long as they don't bother the rest of the country for a handout.
15 posted on 05/20/2002 6:48:16 PM PDT by Colombia59
[ Post Reply | Private Reply | To 1 | View Replies]

To: snopercod
California proves in every election that the majority of people living there are idiots, by the politicians they elect to give political power. Let them dig their own grave, just as long as they don't bother the rest of the country for a handout.
16 posted on 05/20/2002 6:48:49 PM PDT by Colombia59
[ Post Reply | Private Reply | To 1 | View Replies]

To: marron
"But in the real world where energy is produced, plants built, or not built, their whining is just embarrassing."

Especially when you consider that Enron itself sold a grand total of 200 MwH of electricity to the state (for a total of $57,000).

Other reports have Enron, plus its subsidiaries, responsible for a massive 4% (that would be four per cent) of the power sold to California.

Thus, the prostrate Enron profited little from the Cal Power Crisis. But, discredited and unable to defend itself, is became a convenient political scapegoat for Gov. Doofus and his cronies.

The media seem somehow incapable of discovering this information. Or, if they have, find it impossible to comprehend.

17 posted on 05/20/2002 6:56:08 PM PDT by okie01
[ Post Reply | Private Reply | To 8 | View Replies]

To: Colombia59
California proves in every election that the majority of people living there are idiots, by the politicians they elect to give political power.

You are making the gross assumptions that politicians are elected in this state by an actual count of ballots cast, that only one vote per voter is allowed, and that voters must be citizens (or breathing) at the time of the election.

18 posted on 05/20/2002 7:01:40 PM PDT by Mr. Jeeves
[ Post Reply | Private Reply | To 16 | View Replies]

To: Colombia59
California proves in every election that the majority of people living there are idiots, by the politicians they elect to give political power.

You're right, we had Republican Governors for 16 consecutive yrs before Dufus. It was a Republican Governor and a Republican Assembly Speaker that gave us the "flawed" (to say the least) system to start with....

But don't take my word for it.

"Blame, hell," said Pete Wilson. "I take credit for having been the driving force to launch deregulation."

The former governor, 67, watches from private life as old rivals rake his political legacy across a landscape of rolling blackouts, PG&E bankruptcy and billowing power bills that threaten to capsize the state's economy.

-------

"I will not pretend to you that (the legislation) was a perfect, free-market mechanism. It wasn't. I knew that at the time. I signed it knowing that," said Wilson. "I thought whatever flaws would emerge ... they would be addressed by our successors."


19 posted on 05/20/2002 7:21:36 PM PDT by lewislynn
[ Post Reply | Private Reply | To 15 | View Replies]

To: Angelique
He's obsessed with fundraising because he knows the underdog role to millionaire challengers plays well with Demonicrats that think their party is the home of the poor working slob and all the victims and the oppressed peoples of the wicked capitalistic greedy Repellican oppressors(sic)!!!

You and I may not understand this common attraction of losers, but Davi$ does. He'll vanquish that damnable multi-millionaire Simon who has never felt the pain and anguish of being a victim of having to do things the hard way all the time like Gray's doing so desperately!!! (grin)

20 posted on 05/20/2002 10:56:57 PM PDT by SierraWasp
[ Post Reply | Private Reply | To 13 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-36 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson