Utility Exposes Enron Greed at Its Core
www.washingtonpost.com Exclusive Tapes Portray Lust for Profit, Lack of Concern for Consumers By Blaine Harden Washington Post Staff Writer Tuesday, March 1, 2005; Page E01 EVERETT, Wash. -- Utility companies usually don't get fan mail, especially when they have hiked electricity rates 50 percent in the past four years and disconnected record numbers of customers for failure to pay bills. But the small, publicly owned utility that serves this town north of Seattle has become a West Coast hero by goring the bankrupt carcass of the disgraced Enron Corp. and spilling buckets of deliciously embarrassing blood. It has flowed in the form of vulgar and cynical chitchat by Enron energy traders -- thousands of hours of it, all recorded on tape. The taped conservations have added a graphic new dimension to public understanding of the company's record of greed, callousness and complicity in the western power crisis of 2000 and 2001. Traders gloat on one tape about jacking up the electrici...