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Pastimes : The California Energy Crisis - Information & Forum
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To: Quincy who wrote (1617)3/11/2004 6:14:59 PM
From: Raymond Duray   of 1715
 
PROSECUTION OF RELIANT RESOURCES EXPECTED SOON:

Message 19905462

<SNIP>

LOS ANGELES (Dow Jones)--If federal prosecutors bring charges as expected
against a unit of Reliant Resources Inc. (RRI) for withholding electricity to
drive up prices in California, it will be the first time a company has been
tried for what many observers believe went on during the state's power crisis.
Legal experts are of two minds whether it will be the last.

Reliant said this week it believes the U.S. Department of Justice plans to
file criminal charges against trading unit Reliant Energy Services as well as
four current and former traders for withholding electricity in an effort to
manipulate prices.

<Continues........>
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