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Enron memo details California energy price manipulation
A December 2000 Enron memo outlines tactics to spike California electricity costs during the crisis. It cites strategies named Death Star and Ricochet that used phantom congestion and cross state resales to dodge price caps. White House officials credit FERC for the probe and urge tougher penalties under the Federal Power Act while deferring a DOJ criminal inquiry question.
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Washington
Bush
Enron Corp
California
White House
Iun
Federal Energy Regulatory Commission
Fleischer
Dianne Feinstein
D-Calif
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Enron