Davis Wants Regulators To Investigate Enron
Governor Davis is asking federal energy regulators to investigate possible price fixing by Enron during the state´s energy crisis. Davis sent a letter today to the Federal Energy Regulatory Commission following the release of a memo from Enron officials to the White House. The memo outlines discussions between company officials and the administration´s energy task force headed by Vice President Dick Cheney. In the memo, the former chief executive of the now-bankrupt energy giant urged Cheney to reject price caps on wholesale electricity that Davis and a host of other state officials desperately wanted. Davis has been asking the commission to probe possible price manipulation by power suppliers since August 2000.