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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
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To: lewislynn; *Enron_List
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2 posted on 08/02/2002 2:44:42 AM PDT by backhoe
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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
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To: *calpowercrisis; Ernest_at_the_Beach
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4 posted on 08/02/2002 5:45:21 AM PDT by Free the USA
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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
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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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