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Non-Tech : The Enron Scandal - Unmoderated
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To: Raymond Duray who wrote (2189)6/17/2002 10:08:28 PM
From: opalapril  Read Replies (2) of 3602
 
I'm not at all sure I understand power trading, but if it is true that California power was sold elsewhere at or below the cap, how is that "fraud" as you allege? I ask because I was not aware energy traders were barred from trading California power outside the state, or required to trade it only inside the state. Of course, any trades away from California would reduce the supply and drive prices up in theory, but if they were capped anyway how does that hurt California? Just wondering....
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