Alberta Seeks Evidence It Was Targeted by Enron

[struggle4progress]

Monday, February 07, 2005 6:11:25 PM ET

By Jeffrey Jones

CALGARY, Alberta (Reuters) - Alberta has asked a Washington state utility to turn over evidence that allegedly shows Enron Corp. used the Canadian province to test trading schemes later blamed for worsening California's energy crisis, regulatory and government officials said on Monday.

The Snohomish County Public Utility District shook up Alberta's power sector last week when it released documents and tapes it said showed Enron, the bankrupt energy trader, artificially inflated power prices in the province in 1999 as part of a scheme called "Project Stanley".

"We're on the file, we've had great cooperation from Snohomish in terms of providing us the information that they have, and I would think that within a couple of days we're certainly going to have characterized whether it's new or old," said Martin Merritt, chief executive of Alberta's Market Surveillance Administrator.

On Friday, an attorney with the Snohomish utility, located north of Seattle, told Reuters it appeared that Enron used Alberta to test-market trading techniques code-named "Fat Boy" and "Death Star". Those techniques became notorious during the 2000-2001 California power shortages. <snip>

http://www.metronews.ca/reuters_national.asp?id=54927

[daleo]

1. He will try to whitewash it.

Electrical deregulation was a disaster for the consumer in Alberta. This guy has already said that he didn't believe Enron could game the Alberta market, despite the evidence of the tape recordings. I hope the Washington case brings all this into the light.

[mainer]

2. Good good good! Now it's an international incident!

May Canada pursue this!

[Mika]

3. When is Canada going to be named part of the Axis of Evil?

:nuke:

:scared:

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