Enron ‘profited from power crisis’

ENRON manipulated the energy market practically every day during California’s energy crisis in 2000-01, making at least $1.1 billion (€0.9 billion) according to new audiotapes and documents.

The records were uncovered by the same utility that last month released details of profanity-laced conversations in which Enron traders gleefully gloat about ripping off “those poor grandmothers” in California during the power crisis.

The latest release by the Snohomish Public Utility District, which is being sued by the corporation for cancelling a contract with it, provides another glimpse into how Enron allegedly rigged the market.