“But the most important thing is, Enron did not cause the California crisis.”
Kenneth Lay
Tags: California | Cause | Crisis | Did | Enron | Important | Most | Thing
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Well, rates would go up whether you deregulate or not, and of course, the rates that are going up right now on the electricity side are still within the regulated framework.
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Today, there are also buyers and sellers of all these energy commodities, just like there are buyers and sellers of food commodities and many other commodities.
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I take full responsibility for what happened at Enron. But saying that, I know in my mind that I did nothing criminal.
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They can't do without electricity. They can do with less electricity.
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