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  Saturday  February 5  2005    09: 30 PM

remember enron?

Tapes Reveal Enron's Power Plant Rigging
Transcripts detail how electricity traders conspired to shut down smooth-running generating facilities during the energy crisis.


Enron Corp. traders conspired to shut down a healthy power plant as blackouts rolled across California in early 2001, according to documents released Thursday.

In the brash language that has become a familiar coda to the electricity crunch, Enron traders and others were captured discussing in e-mail messages and telephone conversations how they could profit from the state's problems.

In one transcript released Thursday, an Enron trader identified only as Bill called it "a good plan" to shut down a small Las Vegas power plant on Jan. 17, 2001, under the guise of "checkin' a switch on the steam turbine." Enron employees also suggested that their plans to exploit Western energy markets predated the meltdown of 2000 and 2001, which brought record electricity prices and emergency blackouts.

[more]

  thanks to Political Animal

Capitalism at its finest. The bastards!