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DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » California Faces Huge Bud... » Reply #53

Response to Gregorian (Reply #35)

Mon May 27, 2013, 01:36 PM

53. Davis and Bustamante were suing . . .

the energy companies that bilked Californian's out of $9B.

The Federal Election Regulatory Commission (FERC) agreed that
California's had been scammed out of $9B due to the energy crisis
of 2000, but also said if the energy companies repaid all $9B, they
could go bankrupted, so they recommended California accept a 3%
agreement, which Davis and Bustamante would not accept.

So the energy companies lead by Enron's Kenneth Lay held a meeting
at the Peninsula Hotel in LA, and decided to have Gray Davis recalled
and Ahhhnold replace him has Governator.

After being elected, Ahhhnold announced that he saw no reason to
continue the lawsuit against the energy companies, and 3 days after
being inaugurated as Governator, Ahhhnold signed the 3% agreement
with FERC, thus ending the lawsuit, and legitimizing the scam.

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Gregorian May 2013 #35
LineLineLineLineReply Davis and Bustamante were suing . . .
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