This guy thinks the same of us.
Criminal charges could follow evidence of price gouging
By Steve Geissinger
SACRAMENTO BUREAU
SACRAMENTO -- State Attorney General Bill Lockyer said Wednesday his investigation of alleged
multibillion-dollar price gouging by power generators has laid the foundation for a successful civil
case that could win huge refunds.
"But the whole house hasn't been built," Lockyer said in an interview with ANG Newspapers.
The attorney general said the probe he expects to complete in the next eight weeks also may yet yield
criminal charges, which could result in power company officials being locked up "with my tattooed
dude."
Lockyer, a former East Bay legislator, rattled electricity suppliers earlier this week when he told the
Wall Street Journal: [b]"I would love to personally escort (Enron Corp. Chairman Kenneth) Lay to an 8
x 10 cell that he could share with a tattooed dude who says, 'Hi, my name is Spike, honey.'" [/b]
Houston-based Enron, like other energy-trading firms, has denied wrongdoing in the California
market. It dismissed Lockyer's comment as not warranting a response butquietlyprotested to the
Davis administration. Other power companies have expressed outrage.
"I was trying to convey a message to ... the out-of-state energy generators," Lockyer said. "I decided
to make the point with the energy generators that they've got a serious fight on their hands."
The attorney general, however, conceded he has "felt guilty about it ever since because I'm a
prosecutor and I take pride in being careful about these sorts of accusations or claims."
"But I know it won't be in print unless I find some sort of colorful way to ... pump up the rhetoric,"
he said.
"We don't care if they're multi-millionaires. We don't care if they run big corporations. They're
buccaneers. They're ripping us off.
"Now, while we're still in the legal analysis of whether it's legal or illegal greed, it's clearly
immoral. There's no debate about that."
Lockyer said his investigators are scrutinizing tens of thousands of transactions and hundreds of
thousands of documents to determine the strength of the state's case.
"I think there is strong evidence that lays the foundation for a successful civil action, but the whole
house hasn't been built," Lockyer said.
A civil case could result in refunds that "disgorge the obscene profits," he said.
The California Independent System Operator, which manages the state's electric transmission grid,
estimates that power suppliers may have overcharged California by $6.8 billion since early last year.
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