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Oh, so California finally admits that Enron et.al. had only a miniscule effect on electricity prices?

One would think this would be news, but apparently not. This was published yesterday, but not one outlet ran it.

And the only outlet running it today is Yahoo!, but it's in their International News section.

I'm really impressed with the ability of the media to quash this story. If it weren't for Free Republic, nobody would ever see it.

"We have said all along that the greatest dollar amounts of damage come from (parties) charging high prices because they had the power to do so,"

Well golly gee, isn't that sort of the definition of a free market? I charge what I can get because someone else is willing to pay the price for my commodity?
Nice unintentional pun burried in the story too "charging high prices because they had the power to do so."

"We have said all along that the greatest dollar amounts of damage come from (parties) charging high prices because they had the (deregulated) power to do so," Fishman said. "Still, that doesn't take away from the importance of addressing gamesmanship."
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Even if they don't account for the bulk of the profits, the fact that this behavior could occur is suggestive of the greater dysfunction in the market

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I'm really impressed with the ability of the media to quash this story. If it weren't for Free Republic, nobody would ever see it.

That's because it's old news and only a few people hoping to see bad things happening to good people are still interested.

The article points out the fallacy of the market and there was in fact price gouging yet you (like Gray Davis) can't see past the dollar amount...pathetic.

California (Wilson etc.) set out to open the electricity market and the crooks running "the electricity market" with their new found freedom couldn't help themselves, they just had to find a way to screw people.

BTW, the article was in the Houston Chronicle 1-6-03.