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Posted: 5/25/2001 1:20:00 PM EDT
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. ...
Link Posted: 5/25/2001 1:36:01 PM EDT
[Last Edit: 5/25/2001 1:34:29 PM EDT by KBaker]
I'd like to see Lockyer in an 8x10 cell with a 400 Lb "boyfriend". [bounce]
Link Posted: 5/25/2001 1:49:26 PM EDT
You know what i'd like to see happen to Lockyer. Go to: [url]www.stickdeath.com[/url] Then click on the section named [U]shocked $hit[/u] Select [u]Spy Trial[/u] YOU'LL NEED FLASH TO VIEW. [:D]
Link Posted: 5/25/2001 1:49:37 PM EDT
Lawsuits worked well against tobacco, try it on Power Companies. The deregulation laws allowed for those winfall profits, and also caused part of the power problem. "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.'" Democratic-Socialist Elitest[:x*]
Link Posted: 5/25/2001 2:58:04 PM EDT
That goes along well with Cruz Bustamante's desire to use troops to take over the power plants and make them into state institutions. That will generate more power....NOT.
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