Letter: Power crisis benefits conglomerates | TahoeDailyTribune.com

Letter: Power crisis benefits conglomerates

To the editor:

Deregulation of the power industry has left California in an energy crisis. Our governor and state Legislature have been working diligently to solve this problem. President Bush rejected the call for price controls on electricity to hold down the soaring electricity costs in California.

One of the biggest beneficiaries of the California power crisis is the energy conglomerate Enron Corp. of Houston, Texas. Enron has reaped giant revenue increases from California’s power shortages.

Enron and its employees gave $113,800 to Bush’s presidential campaign; $250,000 to the Republican National Convention host committee; and $300,000 to the Presidential Inauguration Committee. Enron Chief Executive Officer Kenneth Lay raised more than $100,000 for Bush’s campaign and is a member of the president’s energy transition team.

Is Bush’s rejection of California consumers coincidental or is he acting in favor of his cronies gouging the people of California? If you follow the money, I think the answer is abundantly clear.

Donna Pownall

Tahoe City

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