Good News: FERC rules against Enron

[RobertSeattle]

Interesting this was a late Friday news release...

http://seattlepi.nwsource.com/local/aplocal_story.asp?category=6420&slug=WA+Enron+Snohomish&dpfrom=tsto

SEATTLE -- 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.

It was the first time FERC acknowledged that the contracts were signed under fraudulent pretenses. The hearing is expected in May, followed by FERC's final decision late this year.

(More at link)

[Frances]

1. Martha has already served time

Why is Kenny Boy still free?

[Erika]

2. Because Kenny Boy was a frequent stayer in the Texas WH

Those bedrooms don't come cheap. He did to his employees pension plans as W wants to do to SS.

[Ms. Clio]

3. That a hearing is even needed to determine if they can collect profits

off their illegal contracts is simply outrageous, however.