Reply #3: You found it! [View All]

[teryang]

I think Arnold and Maria should disclose their stock and bond holdings. I bet there would be an apparent conflit of interest.


<The lawsuit, filed in Los Angeles Superior Court on November 20, 2002, was brought by Bustamante as a private citizen on behalf of California taxpayers. The lawsuit names
the McGraw-Hill Companies, Inc., and 38 natural gas traders and generators and their subsidiaries, including Reliant Energy Inc., Mirant California, Duke Energy, Dynegy, Sempra and the El Paso Corporation.

The 18-page complaint alleges criminal conduct on the part of the generators for falsely reporting the cost and volume of natural gas to publications that maintain the natural gas price indexes, which help determine how much money millions of Californians will pay for electricity. The complaint further alleges the publishers of Gas Daily and Inside FERC Gas Market Reports conspired with the generators and traders to knowingly report false information and failed to verify information given to them by the market participants named as defendants. The two industry journals are published by Platts, a division of the McGraw-Hill Companies, Inc. >