Enron, California Reach $1.52 Bln Energy Settlement

[ThoughtCriminal]

http://quote.bloomberg.com/apps/news?pid=10000103&sid=aeDQGgujfTPs&refer=news_index

<snip>
The agreement includes a $47.5 million cash payment and $1.475 billion in claims in Enron's bankruptcy case, California Attorney General Bill Lockyer said today. Enron will pay such claims at about 20 cents on the dollar, according to its bankruptcy plan.
<snip>

[xxqqqzme]

1. well, Cailfornians only lost about 7 1/5 bn

n/t

[Roland99]

2. And will get 1/5 of the ~$1.5 billion. Nice tradeoff

And where's Kenny boy today?

[ChairmanAgnostic]

3. and a governor

and all sensibility about what the feds do when active theft is pre-ordained by Mr. Cheney and company.

Hey, wasn't there a drive to elect Mr. Terminator by changing the constitution?

[gratuitous]

4. No thanks to the corrupt Bush administration

But watch Stupidhead try to run in and take credit for settling the California energy crisis.

[Zorra]

10. Prophecy Greg Palast nails it again; October, 2003 - Ya GOTTA read this:

Arnold's Enron Secret
By Greg Palast, AlterNet. Posted October 5, 2003.

If Arnold wins, it's hasta la vista baby, to the $9 billion owed to the state of California by Enron and the other electricity barons.
snip----
The pay-off? Once Arnold is governor, he blesses the sweetheart settlements with the power companies. When that happens, Bustamante's court cases are probably lost. There aren't many judges who will let a case go to trial to protect a state if that a governor has already allowed the matter to be "settled" by a regulatory agency.

So think about this. The state of California is in the hole by $8 billion for the coming year. That's chump change next to the $8 trillion in deficits and surplus losses planned and incurred by George Bush. Nevertheless, the $8 billion deficit is the hanging rope California's rightwing is using to lynch Governor Davis.

Yet only Davis and Bustamante are taking direct action to get back the $9 billion that was vacuumed out of the state by Enron, Reliant, Dynegy, Williams Company and the other Texas bandits who squeezed the state by the bulbs.

But if Arnold is selected, it's hasta la vista to the $9 billion. When the electricity emperors whistle, Arnold comes -- to the Peninsula Hotel or the Governor's mansion. The he-man turns pussycat and curls up in their lap.
(more)
http://www.alternet.org/story/16902

[Rose Siding]

5. "Enron Directors Vote for Pay Raise"

http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=102&topic_id=1628546

How about 20 cents on the dollar?

[WhiteTara]

6. this is the reason that Herr Boobengroper

was installed. Bustamante had filed a lawsuit to regain the entire 9 billion dollars they stole from us. Once again, the repukes have raped the people of this state. :grr:

[brentspeak]

7. Steal $9 billion, get to keep $7.5 billion (n/t)

[fob]

8. it's just petty crime that doesn't pay. Steal a cell phone, get life.

[mbperrin]

9. So it's really a $340 million dollar settlement.

Wow.

Steal $9 billion (at least) and pay back 3 cents on the dollar. That'll teach 'em!!!

:crazy:

[raysr]

11. That's why Arnold

got shoed in. Davis was set to get enough back to pay off the state debt. But Arnold has the authority to settle for less. Kenny boy and Arnold met. Greg Palast I think dug this up