Thursday, February 03, 2005
CNN: Audiotapes reveal Enron plotted to take a power plant off line in 2001
"A Washington state utility released audiotapes Thursday that it said revealed bankrupt energy trader Enron Corp. plotted to take a power plant off-line in 2001 to jack up electric prices in Western states." Meanwhile FERC (the Federal Energy Regulatory Commission) has been accused of acting too slowly to punish Enron. A FERC spokesman said the commission is acting as quickly as it can. "It's understandable that folks out West would like to hang Enron from the nearest tree--that's after all, Western justice." Lee said. But, the commission has to engage in due process. "That's what the courts demand."