From: Tom Kunich ([email hidden])
Subject: Re: Lift Up The Rock....
Newsgroups: rec.bicycles.racing
Date: 2004-05-01 14:01:54 PST
Quoted message said:
The California power shortage was caused NOT by power provider collusion but
because the state demanded that power providers SHUT DOWN their facilities
for preventive maintenance despite the fact that the generating companies
wanted to keep the facilities in operation during the hottest (and most
profitable) time of the year and then do the delayed PM after the summer
heat peak. This was absolutely denied by California officials and the
generation plants had it in writing.
As always, Tom Kunich is right on the money.
The excerpt below is taken from the article at:
http://news.bbc.co.uk/1/hi/business/3770757.stm
Enron 'cashed in on power crisis'
CBS says Enron attempted to stop the release of the tapes
Collapsed energy trader Enron is at the centre of allegations that it
tried to manipulate electricity prices during California's energy
crisis.
CBS News has aired tapes of Enron employees apparently discussing
plans to shut down power plants as blackouts pushed local energy
prices higher.
California was hit by a series of power cuts in 2000-2001 following
the deregulation the energy industry.
CBS says the tapes are of workers from Enron's West Coast trading
desk.
During one recording, an Enron employee is heard saying: "If you took
down the steamer, how long would it take to get it back up?"
A second Enron worker says: "Oh, it' s not something you want to just
be turning on and off every hour. Let's put it that way."
The first employee replies: "Well, why don't you just go ahead and
shut her down?"
CBS said the tapes were obtained from the US Justice Department by
officials from the Snohomish Public Utility District, close to
Seattle.
The utility is currently trying to retrieve money from Enron, which
filed for bankruptcy in 2001 after revealing it had been inflating its
profits.
In another section of the tapes, an Enron employee says: "They're
taking all the money back from you guys? All the money you guys stole
from those poor grandmothers in California?"
"Now she wants her money back for all the power you've charged right
up, jammed right up her [censored] for $250 a megawatt hour."
The tapes also reveal Enron workers discussing Mr Lay's prospects
under a Bush administration
"I'd love to see Ken Lay Secretary of Energy," one worker says.
CBS said the Justice Department and Enron had both tried to prevent
the release of these tapes.