Enron's Victims

VICTIMS: The Public/ Consumers 2000 * With virtually all regulation of the market gone, Enron could break its independence over energy prices, especially in the enunciate of calcium. * By showing that it had already made contracts with its offshore ¨partnerships¨ it secured touch on prices and thereby made Enron´s Californian customers be price- commencers. During Californias energy crisis that summer, the state experienced rolling blackouts. The earthly concern believed that the gas pipelines were clogged due to heavy demand. Wall highway perceived a scarcity of available gas planning. Shorter supply higher demands = higher selling price. The shut -down was designed to take artificial gas shortages. Consumers were victimized as Enron mislead the in the public eye(predicate) in 2000, employees were told to withhold or cut-off gas supply in California. During that brief time alone, energy prices for Californian sectors like residential, commercial, and industrial nearly multiplied by three. * Chairman and CEO Kenneth nonplus, was invited to take part in Vice President Dick Cheneys chore force on energy policy, which met behind closed doors. Lay gave a memo to Vice President Dick Cheney in April 2002.

It spells out Enrons case for why federal authorities should pause from imposing price caps. * Enron and its officers were among the biggest donors to U.S. political campaigns over the past decade. agree to a Center for Public Integrity investigation xxiv top executives and board members at Enron contributed nearly $800,000 to national political parties, President Bush and members of Congress. In addition, Enron made $1.9 million in contributions during the same 1999-2001 period, for a total of $2,700,000. * Much of the deregulation was headed by Wendy Gramm, who George H. Bush had appointed to head the Federal Energy regulative Commission. Her husband, Texas Senator Phil Gramm furthered Enrons deregulatory objectives by removing much of... If you want to get a abundant essay, order it on our website: Orderessay

If you want to get a full essay, wisit our page: write my essay .