mousemusings...multimedia, music, progressive politics, video, web design and general rants
Human beings will be happier - not when they cure cancer or get to Mars or eliminate racial prejudice or flush Lake Erie but when they find ways to inhabit primitive communities again. That's my utopia.
~Kurt Vonnegut
Wednesday, March 26, 2003

FERC finds widespread power manipulation in California

We've been distracted but we haven't forgotten.

Seven Enron Corp. subsidiaries and five other energy companies manipulated natural gas and electricity prices and supplies in California, federal energy regulators ruled Wednesday.

As a result of the manipulation, Federal Energy Regulatory Commission Chairman Pat Wood said California would receive more than the $1.8 billion in refunds recommended by a FERC judge in December.

The exact amount is to be determined in the coming months, but FERC spokesman Kevin Cadden estimated that the total would be $3.3 billion. California is seeking $9 billion.

posted by Cyndy | link | | |
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