HEY, GRAY, LOOKIE HERE: Enron and Friends Profiteered on CA Energy Crisis (2001 Backstory)

The Orange County Register ^ | 5/5/01 | By Chris Knap

[Liz]

An interesting bit of "ancient" history circa 2001 - what they were saying before the Enron collapse.
Details should make Gray Davis have more than a few nightmares.

EXCERPT:
......"pay packages were well-deserved and reflect the returns enjoyed by shareholders......."
(Ed. Sure. Like all those shareholders that "profited" from Enron.)

"No energy executive made more last year (2000) than Kenneth L. Lay, chairman of Houston-based Enron Corp. Lay collected $141.6 million in salary, bonuses and stock, a 184 percent increase over 1999."

"Enron, the nation's largest wholesale energy marketer, sells both natural gas and electricity in California. Enron also paid CEO Jeffrey K. Skilling $72.6 million and Enron Wholesale chief Mark A. Frevert $35.8 million."

"It's an involuntary transfer of wealth from the California consumers to Ken Lay and his cohorts. There's nothing illegal about it. But it doesn't make the people of California feel very good."

[Howlin]

Sweet! I guess this explains why we're not hearing all that much about Enron anymore, huh?

[Liz]

ping

[Liz]

I guess this explains why we're not hearing all that much about Enron anymore, huh?

Jes' remember what the Rev Jesse sez...."Keep hope alive"..........LOL.

[Liz]

ping

[backhoe]

Enron_List:

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[MeekOneGOP]

The Enron Voice Mail System, 2002
http://207.36.66.38/enron/

Let me know what ya'll think about THIS one (just found it today).......
Enron:Facing The Music
http://cagle.slate.msn.com/mondo/MondoEnron.asp

[MeekOneGOP]

[MeekOneGOP]

[MeekOneGOP]

[Ernest_at_the_Beach]

Good Stuff!!!

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[Ernest_at_the_Beach]

Today's cartoon in the OC Register:

[Libertarianize the GOP]

A perfect political crisis; change the rules so as to guarantee major disruptions, blame someone else for the problems and promise if given more power that you will go after the bad guys. All the while making decisions guaranteed to further enrich those whom you blame. Then your created enemy looks to be even bigger and more powerful so you can ask for even more power in order to try and conquer them.

[snopercod]

The OCR doesn't usually miss little facts like this one. One of Enron's biggest customers was the State of California University System. [link]:

12/10/01

In a complete turn of events from a year ago, the State power authority has announced that it is prepared to supply up to 1,200 megawatts of power to direct access customers of Enron, should the company not be able to make the deliveries of power after filing for bankruptcy. Two of Enron’s largest direct access customers within California are the University of California and the California State University system.

The UC and CSU have said that through direct access contracts with Enron, they have saved “tens of millions of dollars over the past three years”.

State power officials believe that the Enron default might help the state pay off the huge debts is has built as many of Enron’s direct access customers will now have to buy their power from the state.

[JustAmy]

Bump

[Liz]

That vast untapped source of renewable energy looks quite promising........LOL

[Liz]

Great editorial cartoons.........can you say, "Hasta la vista, Gray?"

[MeekOneGOP]

LOL! Yeah, he can't walk the walk tho! :O)

[MeekOneGOP]

Thanks. LOL!

[Liz]

OCR's cartoon is smart on the mark including the Education Bond in the shape of the Enron logo.

Gray's a-going down for the count.....LOL