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Non-Tech : The ENRON Scandal

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To: Karen Lawrence who wrote (1106)	1/24/2002 2:16:56 PM
From: Mephisto	of 5185

" In July 2000, Enron owned a company named Azurix, which wanted to privatize public water systems in the state. Azurix sponsored a Florida Chamber of Commerce conference in Naples. The conference decided that the public might benefit if a private company like Azurix bought into and managed the water system. Azurix had asked about financing all of the then-$7.8 billion Comprehensive Everglades Restoration Project in return for being able to sell the water. As it turned out, Azurix got in trouble before the South Florida Water Management District even could debate the issue. It's easy to think that it was a long shot under unique circumstances by a firm whose corporate parent had a pipeline to the president, who also is the Florida governor's brother. South Floridians had better hope that's the case. Private profit, public mess" ....................................... Pat, I recall when a company wanted to privitize water. Canadians fear that their government will sell water to the States and turn it into a commodity. They say that once you start selling water under NAFTA that you can't stop. Don't know if it is true though.

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