TELECOM Digest OnLine - Sorted: Enron Update, was: FCC to Cellcos: Clean up Your Bills

Enron Update, was: FCC to Cellcos: Clean up Your Bills

Danny Burstein (dannyb@panix.com)
Sat, 12 Mar 2005 22:55:57 UTC

In <telecom24.109.9@telecom-digest.org> Tony
P. <kd1s@nospamplease.cox.reallynospam.net> writes:

> I don't for a moment think the Narragansett Electric was going to
> walk away owning just the distribution network and not make people pay
> top dollar for it. All this at the time that our electric system
> infrastructure is crumbling.

> There are echoes of Enron all over the place. Now you just have to dig
> a bit deeper to find them.

Speaking of Enron:

"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.

http://online.wsj.com/article/0,,SB111060370422077742,00.html?mod=home_whats_news_us
(paid subscription

Comment: fascinating that this was released by the feds Friday evening,
eh? That time, as we all know, is used when you want a story to be
buried ...

_____________________________________________________
Knowledge may be power, but communications is the key
dannyb@panix.com
[to foil spammers, my address has been double rot-13 encoded]

Post Followup Article Use your browser's quoting feature to quote article into reply
Go to Next message: AES: "Satellite Radio as "Broadcast Audio Internet"?"
Go to Previous message: Jack Decker: "FCC Wants Comments Re: Should VoIP co's Get Numbers Direct?"
TELECOM Digest: Home Page