LAT: 2 California Energy Crisis Trials Slated to Start ("That was fu-un!")

[DeepModem Mom]

2 Trials Related to Energy Crisis Slated to Start
Sempra and two units face antitrust claims. Also, four ex-workers at Reliant face charges.
By Dana Calvo, Special to The Times


The energy crisis ended four years ago, but it's echoing in two California courtrooms.

In San Diego, jury selection is set to begin this week in the $23-billion antitrust case against Southern California Gas Co. and San Diego Gas & Electric Co., along with their parent company Sempra Energy. They're accused of squeezing natural gas supplies to California, contributing to wild price jumps during the state's infamous energy market meltdown of 2000-01.

In San Francisco, four former employees of Houston-based Reliant Energy Inc. will go on trial Oct. 31 on federal criminal charges that they turned off power plants in June 2000 to raise electricity prices.

Each trial features an attention-grabber.

In the gas utilities' case, it's a meeting in a Phoenix hotel room where competitors allegedly agreed to divvy up Southwestern energy markets. In the Reliant workers' trial, it's a series of tape recordings in which they appear to celebrate their success in boosting electricity prices. "That was fu-un!" one said....


http://www.latimes.com/business/la-fi-sempra24oct24,0,4430005.story?coll=la-home-business

[joefree1]

1. Ahnuld's buddies going to jail?

The wannabe governor has yet to deny that on May 17, 2001, at the Peninsula Hotel in Los Angeles, he had consensual political intercourse with Enron chieftain Kenneth Lay. Also frolicking with Arnold and Ken was convicted stock swindler Mike Milken.


Now, thirty-four pages of internal Enron memoranda have just come through this reporter's fax machine tell all about the tryst between Maria's husband and the corporate con men. It turns out that
Schwarzenegger knowingly joined the hush-hush encounter as part of a campaign to sabotage a Davis-Bustamante plan to make Enron and other power pirates then ravaging California pay back the $9 billion in illicit profits they carried off.
more ...
http://www.gregpalast.com/printerfriendly.cfm?artid=284

One can only hope.

[ecoalex]

2. Shrub was inditable, and Impeachable for this alone

He placed the FERC commissioners on the board, and refused to consider price caps when there was something very wrong going on.

The bastard should of been Impeached for this alone.

[Der Blaue Engel]

3. About fucking time n/t

[Raine]

4. I hope they end up in DARK cell

I can't forget those power outages here it was NOT "fu-un". :mad: Have "fu-un" doing time in the slammer you assholes! :evilgrin: