‘Enronization’ of energy


This article should wake up everyone regardless of which province or state you live in. The Enronization’ of energy must be stopped. This is not just about hydro power in BC, but all forms of electrical generation.

British Columbians in dark about ‘Enronization’ of energy

By Geoff Olson
Vancouver Courier
Friday, October 20, 2006

Once upon a time the rodeo capitalism of Enron could do no wrong-until 2000, when well-coifed clowns from the Houston-based energy trading company rode a bull market into the stands and scattered the rubes.

Enron may have collapsed in a heap of cooked books, but Squamish area rancher Tom Rankin insists that its business template for energy markets lingers, and that we’re being softened up for the “Enronization” of B.C.’s greatest public asset, our waterways. With the North American electricity industry being restructured to serve the U.S. market, he predicts things will end badly for British Columbian taxpayers, unless we put a stop to private purchase agreements for hydroelectric developments on hundreds of our

click for full story

Enronization

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s