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Enron bosses convicted but still off the hook for fleecing state(CA)

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RamboLiberal Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-26-06 04:49 PM
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Enron bosses convicted but still off the hook for fleecing state(CA)
http://sfgate.com/cgi-bin/article.cgi?file=/c/a/2006/05/26/MNGETJ2Q151.DTL

Former Enron overlords Kenneth Lay and Jeffrey Skilling are going to jail because they defrauded investors and lied about their financial shenanigans. But for millions of California ratepayers still saddled with sky-high power bills from the 2000 energy crisis, these guys are finally getting their comeuppance for ripping us off.

"They didn't get convicted on charges of market manipulation in California," acknowledged Peter Darbee, chief executive of San Francisco's PG&E Corp. "But it's good to see some of the people involved in that being called to account."

Darbee was PG&E's chief financial officer when the company's utility division filed for bankruptcy in 2001 as a result of runaway power prices. The state's largest utility didn't regain solvency until April 2004.

"I will not be losing any sleep over this," Darbee said of Lay and Skilling being fitted for prison stripes.

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