Thursday, June 03, 2004

Burn, Baby, Burn

My pal Doug Heller at Arnold Watch (Foundation for Taxpayer and Consumer Rights) gives us this insight into the latest outrage from Enron: weblog - June 2, 2004 - 12:45 pm
"Burn, baby, burn," is what one Enron electricity trader gleefully said about a California wildfire during the energy deregulation crisis. The fires, which knocked down power lines, helped push electricity prices higher. But that was one of the tamer comments found by CBS news among tapes in which Enron employees talk about shutting down power plants to steal "money from California to the tune of about a million [dollars a day]," and selling electricity to "grandma Millie... for f-----g $250 a megawatt hour." The tapes also show that Enron's head honchos, Ken Lay and Jeff Skilling were in the loop on the schemes to rob California blind. (Even with these revelations, the feds have not ordered the billions of dollars in refunds that Californians are due.) The tapes can be heard here.