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Politics : Just the Facts, Ma'am: A Compendium of Liberal Fiction -- Ignore unavailable to you. Want to Upgrade?

To: siempre who wrote (8401)	6/3/2004 10:28:50 AM
From: DavesM	Read Replies (1) \| Respond to of 90947

Thanks, I have read this. I went to the link you posted as well. CBS had a couple Enron documents (apparently confidential analysis from Enron's Lawyers) relating to the gaming of CA Electricity Markets - One dated December 6, 2000 and the other dated December 8, 2000. Both dates were during the Clinton Administration. I seem to remember hearing that a major transmission line into CA was cut because of a forest fire, but I couldn't remember the date. So, I went to the California ISO's webpages. I found two old releases from the CAISO about downed transmission lines: one dated September 13, 2000 and the other from September 14, 2000 (and none in 2001). At any rate, I believe that this is the fallen transmission line that made Enron traders so happy...look at the date (Bush wasn't President then either). caiso.com Just pointing out, that the problem with Enron gaming power markets, was something that the Bush Administration inherited. re: "When a forest fire shut down a major transmission line into California, cutting power supplies and raising prices, Enron energy traders celebrated, CBS News Correspondent Vince Gonzales reports." Yes, President Bush said that he was against price caps on May, 31, 2001. But what the article doesn't mention, is that within about 2 weeks from the day, that the President made those remarks; the FERC set price caps on wholesale electricity for the entire Western region. This action was just about the first thing that President Bush's two new FERC appointees voted on - and they both voted for price caps (along with three Clinton appointees that were still on the FERC). re: "We will not take any action that makes California's problems worse and that's why I oppose price caps," said Mr. Bush on May 29, 2001.