Enron-like madness

Sunday, February 13, 2005

Enron-like madness

SEATTLE POST-INTELLIGENCER EDITORIAL BOARD

A few years ago, Enron and other power marketers sent Northwest electric rates soaring with the manipulation of a West Coast energy crisis. Now, President Bush wants to pick up where his one-time pals at Enron left off.

The president’s budget proposes to charge premium prices, equivalent to those from higher-cost power plants, for the low-cost electricity produced by federal dams. The budget envisions “modest” annual rate increases to bring the costs up to those for power from other market sources.

SeattlePi