I don't for a moment think the Narragansett Electric was going to
> walk away owning just the distribution network and not make people pay
> top dollar for it. All this at the time that our electric system
> infrastructure is crumbling.
> There are echoes of Enron all over the place. Now you just have to dig
> a bit deeper to find them.
Speaking of Enron:
"Federal regulators handed a major victory Friday to Western utilities and cities trying to escape exorbitant contracts they made with disgraced energy giant Enron Corp. during the power crunch of 2000-01.
"In a six-page order issued Friday evening, the Federal Energy Regulatory Commission determined that Enron was engaging in illegal activity at the time it entered the contracts with the utilities - and that therefore, a hearing should be held to determine whether Enron should be allowed to collect profits it would have received had those contracts been fulfilled.
Comment: fascinating that this was released by the feds Friday evening, eh? That time, as we all know, is used when you want a story to be buried ...
_____________________________________________________ Knowledge may be power, but communications is the key snipped-for-privacy@panix.com [to foil spammers, my address has been double rot-13 encoded]