Hi Bob,
Thanks for the head's up. It's nice to see the truth coming out, drip by drip. The Enron traders mentioned in the article are now employees of UBS. Instead of driving a stake through the heart of that feral zombie culture of crassness, we just let it fester. Makes me mad.
BTW, did you notice that the NYMEX has suspended power forwards contracts? That was very good news indeed. Sanity may yet return. In 1980, we had a system that worked, made perfect sense and was well managed. Then the Reagan era began and we started to blow the circuit breakers off the controls in the energy system. It nearly got completely out of control. I'm grateful to the slimeballs at Enron for pointing out the error of that course.
BTW, you might want to look into the super-regional RTOs, a proposal before FERC, dreamed up by the power marketers to screw entire regions of the nation, instead of just one state.
The BPA information in the article is quite interesting. They are an awful, irresponsible and traitorous lot from all I can see. Sucking up to Enron and screwing the public of the Pacific Northwest.
All the best, Ray |
