K
Kurgan Gringion
Guest
from: http://www.smartmoney.com/bn/ON/index.cfm?story=ON-20030326-001024-1149
FERC: Enron, Others Broke Rules in California
WASHINGTON -(Dow Jones)- Enron (ENRNQ) and numerous other energy companies gamed California
electricity markets in violation of FERC rules, staff of the Federal Energy Regulatory Commission
reported to Congress on Wednesday.
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from: http://eastbay.bizjournals.com/eastbay/stories/2003/03/24/daily26.html
FERC says California was swindled
The Federal Energy Regulatory Commission on Wednesday said California's deregulated electricity
market was manipulated by some greedy power brokers and providers, causing skyrocketing prices for
electricity, rolling blackouts and other problems leading to bankruptcy for Pacific Gas & Electric
Co., financial distress for others, and an estimated cost to the state, its businesses and residents
of $45 billion.
<snip><end
FERC: Enron, Others Broke Rules in California
WASHINGTON -(Dow Jones)- Enron (ENRNQ) and numerous other energy companies gamed California
electricity markets in violation of FERC rules, staff of the Federal Energy Regulatory Commission
reported to Congress on Wednesday.
<snip><end>
from: http://eastbay.bizjournals.com/eastbay/stories/2003/03/24/daily26.html
FERC says California was swindled
The Federal Energy Regulatory Commission on Wednesday said California's deregulated electricity
market was manipulated by some greedy power brokers and providers, causing skyrocketing prices for
electricity, rolling blackouts and other problems leading to bankruptcy for Pacific Gas & Electric
Co., financial distress for others, and an estimated cost to the state, its businesses and residents
of $45 billion.
<snip><end