On Mar 25, 2004, at 8:48 PM, Joshua Tinnin wrote:
-Caveat Lector-
What if the corporation in question is tied to the vice president,.
Published on Monday, March 22, 2004 by CommonDreams.org
Company With Ties To VP Cheney's Energy Task Force Faces Criminal Indictment
For Gaming California Electricity Market
by Jason Leopold
Three years ago, while California's energy crisis was spiraling out of
control, Vice President Dick Cheney secretly met with half-dozen corporate
executives of the country's largest energy companies to hammer out a
national energy policy for President George W. Bush.
Cheney appeared on a number of news programs in May 2001 to promote his new
energy policy, which turned out to be a boon for the energy industries, but
abandoned consumers and environmental groups. Naturally, during some of
those interviews, Cheney was asked whether a handful of the energy companies
that sold electricity in California and stood to benefit financially from
the new policy were behaving like a "cartel" and manipulating prices in the
state's deregulated electricity market.
"No," Cheney said in a May 17, 2001 interview with PBS' "Frontline;" a day
after the final energy policy report was released. "The problem you had in
California was caused by a combination of things--an unwise regulatory
scheme, because they didn't really deregulate. Now they're trapped from
unwise regulatory schemes, plus not having addressed the supply side of the
issue. They've obviously created major problems for themselves..."
This is quite true. The California government did a very bad job of deregulating the electricity industry and it came back to bite them. This is one of the many stated reasons Gray Davis was turned out of office.
California is not a child who must be bailed out of bad situations everytime they get into a mess. California is a sovereign state which should be able to handle it's own affairs. In this case it didn't and it paid a very high price for doing shoddy work.
It is true that FERC has not been much help to California in this crisis. I'm sure that if we dig deep into the pile we will find that Haliburton is behind the mess.
Bill H
www.ctrl.org
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