Go read this story from the L.A. WEEKLY on how Bush's corrupt FERC members erred on the side of the cabal of energy corporations in the ruling on the CA energy "crisis". Here's just a piece of it. Hope you can hold your dinner down after reading this disgusting piece on greed and the immoral manipulation of the public's trust.


Bush Moves California Cash to Texas

Fri Jul 11, 6:15 PM ET

...The real news was FERC's 2-1 vote holding California to long-term energy contracts signed in a desperate attempt to control electricity rates in 2000 and 2001 while Enron and other power hustlers squeezed obscene profits out of California ratepayers.

Dissenting FERC Commissioner William Massey couldn't believe what his colleagues had done. Massey, the only Clinton holdout on the commission, told New York Times reporter Richard A. Oppel Jr. that the decision made no sense. "These contracts contained absolutely unprecedented prices that were negotiated in an environment that was horribly tainted by epidemic market manipulation. And they are simply not entitled to be respected by the commission."

That view is seconded by Robert Bryce in Pipe Dreams: Greed, Ego, and the Death of Enron . "The contracts were fraudulent," he said in an interview.

Nor did the contracts pass the Department of Justice smell test. In early June, the feds indicted John Forney for allegedly designing the schemes that rigged the California power market. The same John Forney credited with devising Forney's Perpetual Loop, which allegedly moved electrical current in a circle and cash in a straight line from California to Texas.

In upholding the contracts, FERC Chair Patrick Wood III and Commissioner Nora Brownell ruled that the state of California failed to meet the high standard of proof that would justify releasing it from the high-dollar deals. That's no surprise considering where these two commissioners came from. Pat Wood is a former Texas public-utilities commissioner who had worked with Enron for years and was Lay's handpicked candidate for the commission...





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