Re: Enron and CA

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Article #883

#883

From: Answers
Date: Mon, 21 Jan 2002 08:10

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Jeffrey Siegal wrote:


> Enron was a middleman.  They didn't produce the power in California, 
> they just bought and sold it. While they sold power at high prices, they 
> also bought power at high prices (ideally, from their point of view, 
> less high).  So it is really hard to say how much they netted out of 
> California.  What's more, California was only a small part of their 
> business.


How small, and how do you know?  Then why was Lay on Frontline talking 
about how much CA owes Enron?

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From: Answers <fakeaddress@ucla.edu>
Newsgroups: la.general,ba.general,ca.general,ca.politics
Subject: Re: Enron and CA
Date: Mon, 21 Jan 2002 00:10:25 -0800
Organization: University of California, Los Angeles
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