Enron Chiefs Might Have Been Told of Power Ploys

[SoCalDem]

http://www.latimes.com/business/la-fi-enron18may18,1,65479.story?coll=la-home-headlines

May 18, 2004 E-mail story Print


THE NATION
Enron Tapes Hint Chiefs Knew About Power Ploys



By Jonathan Peterson, Times Staff Writer


WASHINGTON — Enron Corp. employees spoke of "stealing" up to $2 million a day from California during the 2000-01 energy crisis and suggested that their market-gaming ploys would be presented to top management, possibly including Jeffrey K. Skilling and Kenneth L. Lay, according to documents released Monday.

The evidence of apparent scheming — in one recorded conversation, traders brag about taking money from "Grandma Millie" in California — is in a filing by a utility in Snohomish County, Wash. The municipal power unit north of Seattle wants refunds for alleged overcharges made by Enron during the electricity market meltdown.

The utility obtained transcripts of routinely recorded trader discussions from the Justice Department, which seized them in its Enron investigation.

While it has long been established that Enron engaged in market-gaming tactics — two top traders have pleaded guilty to fraud-related charges for manipulating California's energy market and a third awaits trial — the 450 pages of recorded conversations provide another vivid look into the organization's exploitive subculture.

They also suggest that knowledge of alleged wrongdoing may have reached the level of Skilling, Enron's former chief executive, and Lay, the former chairman.In a Sept. 14, 2000, conversation, an employee named "Sue" from Enron's governmental affairs operation checks in with a trader named "Bob" for information that could be used in an in-house presentation to corporate executives.

snip

[The Backlash Cometh]

1. Your link requires membership.

*

[UpInArms]

2. try this

www.bugmenot.com

[maddezmom]

3. similar story here:

http://seattletimes.nwsource.com/html/localnews/2001931738_pud18m.html

[Dover]

4. ..

..

[SoCalDem]

5. and that's why "Ahhhnold" had to become governor..

We were on our way to getting 9 Billion+ in the way of a settlement, and of course, he has "settled" for pennies on the dollar..to make it go away.. Thanks ahhnold.:(

[Dover]

6. Is that settlement a done deal?

Any way for California to recover its real losses? Like proving Ahhhnold's hand in this?

So what was a Kennedy family wife and Buffet doing supporting this guy?

[SoCalDem]

7. I think it IS a done deal..

What I want to know, is WHY was "private-citizen-movie star" Arnold invited to "sit in" on an energy meeting out here in March of 2003...SEVEN months before the recall..THREE months after Davis was re-elected??

[Dover]

8. Yes, that too. There is so much more to this story......

Very unusual for Buffet to get involved in an election. I really do think this all goes well beyond partisan party distinctions, and has more to do with the wealth in this country and their plans.

[The Backlash Cometh]

9. Geez. If it can be proven that Arnold knew, can he be charged with

conspiracy?

[SoCalDem]

10. Pshaw...Our politicians are "too nice" to even suggest such a thing..

Rememebr how they were "gonna start recall procedures immediately" if he "won"?? Nada..zip.. they all just lined up to kiss his ass.:)

[SoCalDem]

11. kick for daytimers

:)