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Politics : PRESIDENT GEORGE W. BUSH

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To: ThirdEye who wrote (229714)2/21/2002 6:19:02 PM
From: Raymond Duray  Read Replies (2) of 769667
 
The Rape of California -Enron Employee 'fesses up.

Third Eye,

Re: how did Enron manipulate the CA energy market?

Here's the latest:

biz.yahoo.com

Wednesday February 20, 6:40 pm Eastern Time
Former Employee Says Enron Manipulated California Power Market By: Jason Leopold Dow Jones Newswires

LOS ANGELES -- A former Enron Corp. employee has written a letter to U.S. Senator Barbara Boxer claiming that he has knowledge the company's trading arm manipulated wholesale electricity prices in California .

For more than a year, California Gov. Gray Davis and other state officials have alleged that energy companies, including Enron (ENRNQ), manipulated the price of electricity and natural gas in the state by withholding supplies to create an artificial shortage and gouging utilities by charging prices for power that were 10 times higher compared with previous years.

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