Quote:
Originally Posted by Tron_fdc
California's problems had nothing to do with companies building their own lines causing brownouts. It was entirely Enron's traders manipulating the marketplace causing false shortages. This was proven in court.....Enron traders would shut off generation for ridiculous reasons, causing the price to spike due to power shortages. They owned the generation, so suddenly they were selling into the spot market for MASSIVE profits.
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"Enron: The Smartest Guys in the Room", is an excellent documentary which talks about this. I'd recommend it to anyone who enjoys these kinds of movies.