Thursday, June 26, 2003

When you heard that Dubya's FERC dealt the "death penalty" to Enron, was your first reaction to wonder when the other shoe would drop?

Here it is:

Federal energy regulators today rejected a request by California to invalidate more than $12 billion in energy contracts signed at the height of the state's electricity crisis, even though they have determined that widespread manipulation helped drive prices higher.

That's the free market, Dubya style: they stole it fair and square, so they get to keep it.


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