Berkeley CSUA MOTD:Entry 11582
Berkeley CSUA MOTD
2021/12/08 [General] UID:1000 Activity:popular

2003/12/24-25 [Science/GlobalWarming] UID:11582 Activity:nil
12/13   California energy "crisis" was a scam:
        \_ Well no FUCKING SHIT.
        \_ Seriously, did you just figure this out?  Is this the first time
           you've heard the name "Enron"?  You need to stop playing so much
           nethack, get out of the aol chatrooms, cancel your everquest account
           and read a newspaper once a month.
        \_ why is this showing up *now* on the motd? The link is dated at
2021/12/08 [General] UID:1000 Activity:popular

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CBS State officials say Californias energy crisis - its blackouts and sky-high power prices that cost California billions - was manufactured by key power companies that hoarded energy supplies to make more money, reports CBS News Correspondent Vince Gonzales. Overall, the companies kept more than 30 percent to 50 percent of their power off the market. During some of the worst moments of the crisis, they held back even more - anywhere from 55 to 76 percent of production - all in an effort, whistleblowers told CBS News more than a year ago, to cut the power supply and drive up prices. It never happened, said Duke Power Companys Tom Williams in June 2001. But CBS News obtained records showing federal regulators have power plant control room audio tapes that prove traders from Williams Energy called plant operators and told them to turn off the juice. The government sealed the tapes in a secret settlement and still refuses to release them. The new report found Williams held back more energy from California than any other company. Its vindication for state investigators upset that energy companies blame the crisis on everything from the weather to not enough power plants. There was enough capacity to avoid almost all of the blackouts, Gary Cohen, state investigator said. Meanwhile, in San Francisco, a federal grand jury is now examining the role the power companies and energy traders played in the California markets meltdown and whether any laws were broken.