Tuesday, June 29, 2004

enron

Since my friend skimble seems to conveniently go on vacation whenever something good happens in this story, I feel it is my duty to draw your attention to Carolyn Said's article on the Snohomish County Public Utility District, whom we can thank for transcribing those enron tapes:

"[FERC] decided early on they would enforce these contracts (that Snohomish and others had signed with Enron) come hell or high water, and that's what they did," Christensen said.

"To do that, they had to twist the federal statute almost beyond recognition. In the process, they denied us our due process rights, ignored evidence of the crisis this caused our consumers and let stand the fruits of what we now know was criminal misconduct.

"I think it's scandalous that federal regulators who were supposed to be in charge of protecting consumers are still pursuing the Enron agenda even though Enron has been dead for two years."

Also see Kurt Eichenwald's puff piece on poor Ken Lay, whose net worth is now below $20 million.

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