Thanks to deregulation, Enron mined California loopholes was able to rip off California consumers.
1 posted on
08/01/2002 10:37:44 PM PDT by
lewislynn
To: lewislynn; *Enron_List
2 posted on
08/02/2002 2:44:42 AM PDT by
backhoe
To: lewislynn
Enron traders would assume, often correctly, that the state's utilities had underestimated the next day's demand for electricity in an effort to hold down prices. Hmmmm...
Seems like both sides were trying to gain an advantage.
3 posted on
08/02/2002 5:08:52 AM PDT by
frossca
To: *calpowercrisis; Ernest_at_the_Beach
To: lewislynn
What bothers me is the FEC did a study on price fixing by Enron when this started and gave them a clean bill of health. About a year later another study showed Enron and Reliant had been trading energy back and forth to drive the price up before releasing it to the Calif. market.
It's about time Lay and the rest of the Enron boys are lead off in cuffs, or this DOJ is a joke.
5 posted on
08/02/2002 7:35:28 AM PDT by
steve50
To: lewislynn
Thanks to deregulation, Enron mined California loopholes was able to rip off California consumers. You're the only person in America who still believes that what California did was "deregulation."
6 posted on
08/02/2002 7:39:37 AM PDT by
Dog Gone
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