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POWER SCAM
The Enron-Bush Connection


by Uri Dowbenko

How George Bush Jr. Got Layed

      Federal Election Commission records show that Enron Chairman Kenneth Lay donated more than $350,000 directly to Bush campaigns since 1997.

      Lay also gave another $100,000 to Republican candidates and fundraising committees.

      In addition, Enron Corporation, including employees, also donated $1.5 million in soft money to Bush and Republican committees.

      More recently, Lay and his wife donated $10,000 to the "Florida Recount Fund," and another $100,000 to the "Presidential Inaugural Fund."

      As one of his fundraising "Pioneers," Lay helped raise more than $100,000 for Bush's campaign for president.

      In consideration of these numbers, is it too much to ask for a phony and contrived power "crisis" as a payback?

      Naah, not at all...

      According to newswire reports, as a new energy advisor for President Bush, Ken Lay says that precap prices for wholesale electricity in the West "is not even a short-term solution."

      Not coincidentally, Enron is the largest power marketer in the United States. A cap would limit the prices it and other wholesalers could charge to utilities. Wholesale power prices were deregulated under the landmark 1996 law but retail rates were not.

      Lay said the federal government should limit itself to an "advisory" role, letting California leaders resolve a "pretty much self-inflicted problem."

      California's rolling blackouts have come as the two large utilities, PG&E Corp. and Southern California Edison, have struggled under huge debts through buying electricity at higher wholesale prices than they can recoup under the retail rates they are allowed to charge.

      In the short term, Lay said, the state government will have to "buy the power to fill the short positions of the utilities."

      And to ensure Enron's unconscionable profit, he should have added.


© 2001, Uri Dowbenko. All rights reserved.


Part 1  |  Part 2  |  Part 3  |  Part 4  |  Part 5  |  Part 6

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