Well, what do you know...

Rokenn · 10-17-2002, 03:49 PM

Enron was actively gouging California http://money.cnn.com/2002/10/17/news...r.ap/index.htm.
Looks like we were not hallucinating after all.

Timber Loftis · 10-17-2002, 04:06 PM

Yep, heard about this several months ago - but at that time they were only allegations. These deals always get you (the violator) screwed when you get caught. CA capped power prices in the state becuase the supply/demand curve would have made it super-expensive for CA residents (which it was anyway). But, the power it purchased from out-of-state in times of shortage could not be capped. So Enron shipped CA power out of the state, and then back in. What sh*theads.

I've got a developing theory that this is a problem of de-regulation. On that related note, we're seeing massive commercial wars regarding SBC (telephone provider) here in IL.

Azred · 10-17-2002, 08:28 PM

Companies always strive for deregulation under the guise that the increase in competition will give consumers more choices. In practice, though, deregulation allows companies to raise prices or find interesting ways to increase profits.
Remember when the savings & loan industry became deregulated in the mid 1980s? [img]graemlins/beigesmilewinkgrin.gif[/img]

Charean · 10-17-2002, 11:18 PM

Or the trucking industry? Or the airline industry? Gadszooks... you would think we would have learned BY NOW!!!

10-17-2002, 03:49 PM	#1
Rokenn Galvatron Join Date: January 22, 2002 Location: california wine country Age: 60 Posts: 2,193	Enron was actively gouging California http://money.cnn.com/2002/10/17/news...r.ap/index.htm. Looks like we were not hallucinating after all. __________________ “This is an impressive crowd, the haves and the have mores. <br />Some people call you the elite. <br />I call you my base.”<br />~ George W. Bush (2000)

10-17-2002, 04:06 PM	#2
Timber Loftis 40th Level Warrior Join Date: July 11, 2002 Location: Chicago, IL Posts: 11,916	Yep, heard about this several months ago - but at that time they were only allegations. These deals always get you (the violator) screwed when you get caught. CA capped power prices in the state becuase the supply/demand curve would have made it super-expensive for CA residents (which it was anyway). But, the power it purchased from out-of-state in times of shortage could not be capped. So Enron shipped CA power out of the state, and then back in. What sh*theads. I've got a developing theory that this is a problem of de-regulation. On that related note, we're seeing massive commercial wars regarding SBC (telephone provider) here in IL. __________________

10-17-2002, 08:28 PM	#3
Azred Drow Priestess Join Date: March 13, 2001 Location: a hidden sanctorum high above the metroplex Age: 54 Posts: 4,037	Companies always strive for deregulation under the guise that the increase in competition will give consumers more choices. In practice, though, deregulation allows companies to raise prices or find interesting ways to increase profits. Remember when the savings & loan industry became deregulated in the mid 1980s? [img]graemlins/beigesmilewinkgrin.gif[/img] __________________ Everything may be explained by a conspiracy theory. All conspiracy theories are true. No matter how thinly you slice it, it's still bologna.

10-17-2002, 11:18 PM	#4
Charean Hathor Join Date: March 6, 2001 Location: Waxahachie, TX Age: 60 Posts: 2,201	Or the trucking industry? Or the airline industry? Gadszooks... you would think we would have learned BY NOW!!! __________________ And then there were 6.

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)