Tex Ass
Bill Clinton, before his final bow, issued an order on December 14, halting uncontrolled speculation in the electricity market. You could hear the yowls all the way to Texas where the big winners in the power game Enron, TXU, Reliant, Dynegy and El Paso corporation are headquartered. These five energy operators, through their executives and employees, ponied up $4.1 million for the Republican Presidential campaign cycle, according to the Center for Responsive Politics in Washington.
They didn’t have long to wait before their investment – excuse me, donation – paid off big time. Just three days after his inauguration, Bush swept away Clinton’s orders directing controlled power sales to California.