-Caveat Lector- Remember how the rolling blackouts were all the fault of Bush so he could make himself and his "oil buddies" rich? Well, well, well, looks like old Gov. Davis was SELLING electric power at that very time and much cheaper than he was buying it! Now why would he do that?? Could it be so he and all the other Bush Bashing fanatics could blame the new president for this? Was it worth it, California, to make a political smear in this manner for you paid rather dearly for that bit of fun. And NEVER, ever forget that the oil companies donate MORE to the campaigns of liberal Democrats than they do to those of Republicans. See our own archive for chart on this. I think the Gov owes W an apology but I will not be holding my breath for some think it is OK to lie like this if it furthers their cause. ~Amelia~ Davis Denies Selling Power During California Blackouts Eric Erickson, CNSNews.com Saturday, Aug. 18, 2001 SACRAMENTO, Calif. - A California Assemblyman isn't sure if it was "corruption or incompetence," but he claims the administration of Democrat Gov. Gray Davis sold more than a half-million megawatt hours of electricity earlier this year at a huge loss - at a time when Californians were being told to conserve energy amid rolling blackouts. Republican Assemblyman John Campbell says documents obtained from the state Department of Water Resources (DWR) show that California sold 583,987 megawatts of power between March and July of this year at a fraction of the price it had paid for the energy. In fact, the DWR sold excess power every day in July, except on the 4th, according to Campbell. He wants the state assembly to investigate the issue through energy oversight hearings. On March 19, Campbell says, the California Independent System Operator ordered rolling blackouts while the DWR was actually selling 2,098 megawatts of excess electricity at a loss. "I'm flabbergasted," Campbell said in a press release. "While residents and businesses were doing everything possible to conserve energy, the state was practically throwing away power. It doesn't make any sense." Based upon the numbers he obtained from the DWR, Campbell says the state lost approximately $73 million by selling the power. "These losses are astounding," said Campbell. "How much more evidence is necessary to show that the state needs to immediately get out of the business of buying power?" Davis' spokesman, Roger Salazar, reacted by accusing Campbell of political "grandstanding." "We're too busy here in the governor's office trying to keep the lights on to play political games," Salazar said, adding "we were nowhere near a surplus of power." A prime example of the sell-offs, according to Campbell, can be seen in numbers related to May, when the average price the state paid for power was $243.00 a MWh, while the amount it sold its surplus for was $26.72, leading to a loss of $8.1 million on 37,661 MWh. Salazar said Campbell's information is "just plain false" and "for anyone to insinuate that we somehow had a surplus of power and were selling at a loss defies common sense." "It would surprise me if the state did something like that ... it would surprise me if Mr. Campbell is the only one with that information and nobody else in the entire state has written about it. "All of the information on our power purchases is made public after it is no longer market-sensitive," Salazar said. "We've released hundreds of documents, released all of the contracts under which we've been purchasing power, so all of that information is really available for anyone to scrutinize." After scrutinizing the information himself, Campbell says California's long-term power agreements will require the state to buy much of its energy at inflated prices. And in a study commissioned by the Los Angeles Times, it was discovered that as far in the future as 2004, contracts exist that bind California to buy 43 percent of its power at already negotiated prices, which theoretically would provide California with an energy surplus. If California follows the precedent set in the 1980s when it was faced with a similar problem, it may ironically encourage consumers to use more power to keep from selling it at a loss. Other options may include buying out contracts or simply not honoring them, which could lead to legal scuffles. Davis has been accused of improper activities in relation to the power crisis, including the hiring of individuals with conflicts of interests due to their employment within the power industry and their owning of energy industry stock. "Oversight hearings will provide a forum to determine whether or not the administration's actions have been prudent. And after investigating the situation, the legislature can decide on what measures, if any, need to be taken," said Campbell. "I have serious concerns regarding several of the administration's actions, but I intend to keep an open mind and reserve final judgment until all of the information has been presented to the legislature," he said. CNSNews.com Managing Editor David Thibault also contributed to this article. Copyright CNSNews.com All Rights Reserved © NewsMax.com <A HREF="http://www.ctrl.org/";>www.ctrl.org</A> DECLARATION & DISCLAIMER ========== CTRL is a discussion & informational exchange list. Proselytizing propagandic screeds are unwelcomed. Substance—not soap-boxing—please! These are sordid matters and 'conspiracy theory'—with its many half-truths, mis- directions and outright frauds—is used politically by different groups with major and minor effects spread throughout the spectrum of time and thought. That being said, CTRLgives no endorsement to the validity of posts, and always suggests to readers; be wary of what you read. CTRL gives no credence to Holocaust denial and nazi's need not apply. Let us please be civil and as always, Caveat Lector. ======================================================================== Archives Available at: http://peach.ease.lsoft.com/archives/ctrl.html <A HREF="http://peach.ease.lsoft.com/archives/ctrl.html";>Archives of [EMAIL PROTECTED]</A> http:[EMAIL PROTECTED]/ <A HREF="http:[EMAIL PROTECTED]/";>ctrl</A> ======================================================================== To subscribe to Conspiracy Theory Research List[CTRL] send email: SUBSCRIBE CTRL [to:] [EMAIL PROTECTED] To UNsubscribe to Conspiracy Theory Research List[CTRL] send email: SIGNOFF CTRL [to:] [EMAIL PROTECTED] Om
