Published on Thursday, July 20, 2006 by CommonDreams.org
Ken Lay's Alive!
by Greg Palast
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But then, in 1992, a Texas oil man, George H.W. Bush, ordered to evacuate the White House by two-thirds of the US electorate, gave his Houston crony, Ken Lay, a billion-dollar good-bye kiss: Bush's signature authorizing deregulation of electricity.
But Lay's operation didn't pick up the really big bucks until after December 21, 1994, when the Enron chief wrote to the incoming governor of Texas, George W. Bush, asking the Governor-elect to grant him a special wish for Christmas:
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And Georgie-Boy granted Kenny-Boy's wish, appointing Wood and thereby giving Texans an electricity regulator who stumped for Ken Lay's right to earn unlimited profits without any obligation to keep the lights on. Thus, by 1995, electricity deregulation had a foothold in the Lone Star state that would spread nationwide like Dutch Elm Disease.
But, unsatisfied with excessive profits, Lay and his team went for unconscionable profits, flickering the lights in California in the winter of 2000. "Let poor Aunt Millie … use candles," said one of Lay's minions as he deliberately schemed to engineer black-outs. When the public reacted with anger, Bill Clinton, by a December 2000 executive order, ended Enron's right to trade power. Lay's response was, that month, through a lobbyist, to tell President-elect Bush to promote Lay's puppet regulator, Wood, to the Federal Energy Regulatory Commission. Kenny-Boy wished it, and again, Georgie-Boy granted it.
more...
http://www.commondreams.org/views06/0720-22.htm