President Barack Obama Message Board

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Politics : President Barack Obama

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To: pcstel who wrote (145918)	9/15/2014 11:50:14 PM
From: Wharf Rat	Read Replies (1) of 149317

"Wouldn't have had anything to do with all the new Power Plants adding capacity" No, it would have to do with Enron et al realizing the jig was up. It can be very expensive to get caught by the jig. ...In September 2008, a $7.2-billion settlement from a $40-billion lawsuit, was reached on behalf of the shareholders. The settlement was distributed among the main plaintiff, University of California (UC), and 1.5 million individuals and groups. At the distribution, UC announced in a press release "We are extremely pleased to be returning these funds to the members of the class" Oh, so close. Why didn't they say "class of '66", or "classes of 08-'11"? ... At the time of his death, the SEC had been seeking more than $90 million from Lay in addition to civil fines en.wikipedia.org Tapes: Enron plotted to shut down power plant Move came day that rolling blackouts hit California, utility says Thursday, February 3, 2005 CNN) -- A Washington state utility released audiotapes Thursday that it said revealed bankrupt energy trader Enron Corp. plotted to take a power plant off-line in 2001 to jack up electric prices in Western states. cnn.com

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