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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: greenspirit who wrote (217820)	1/13/2002 8:08:20 PM
From: KLP	Read Replies (1) \| Respond to of 769667

You're right about the spin MDC!!~ And re Enron & Gray Davis...remember this? dailynews.com Thursday, August 2, 2001 Energy board member reports owning Enron stock By The Associated Press LOS ANGELES (AP) A business leader appointed by Gov. Gray Davis to a state energy board has reported having more than $1 million of stock belonging to a Texas power company, it was reported Thursday. Bruce Willison, 52, reported in a financial disclosure statement that his stock portfolio included an estimated $1 million worth of Enron Corp. shares as of December, the Los Angeles Times and the San Francisco Chronicle reported. Willison, dean of the Anderson School of business at University of California, Los Angeles, said he doesn't know how much Enron stock he still has but denies it has influenced his actions on behalf of the state. "There has not been anything that has even come close to a conflict," Willison told the Times. He is one of five members who sit on the state's Electricity Oversight Board, which was created by the state's deregulation law. Some of the board's responsibilities include representing the state in legal disputes, overseeing California's independent grid operator and monitoring electricity market activities. Willison said that he has supported demands for federal regulators to schedule refunds from power supplies and any perceived conflict of interest would be misguided. "If he owns that kind of stock, he should not be on that board," said Senate Leader John Burton, D-San Francisco. "You're talking about serious money and serious profit. People that are on an energy board shouldn't have that that's the bottom line." Willison is the latest figure who has been tossed into a controversy over potential conflicts involving energy consultants owning the stock of power wholesalers that do business with the state. Last week, Davis fired five consultants who had stock in energy companies. It was also revealed this week that Davis spokesman Steve Maviglio bought stock from an energy company that has $13 billion in state contracts. An attorney for the electricity board said he was unaware that any other of the panel's members, which include Sen. Debra Bowen and Assemblyman Roderick Wright, had shares of energy stock. Under state policy, board members are required to disclose their personal holdings. Willison was appointed to the board last year. He is the former president of H.F. Ahmanson & Co., parent of Home Savings of America and the former chief executive officer of First Interstate Bank of California.