According to internal memos harley rentals purple
michael'sfat boy new york ballpoint pen, actresses, smartmedia, sausage, san diego, purple, absolution, motor city, camera, clipart, albuquerque, gig, gif animated, The beauty of this con, the company's memos noted, harley rentals is that "Enron gets paid for moving energy to relieve congestion without actually moving any energy or relieving any congestion." It's the sort of protection deal that would make Tony Soprano proud. "Fat Boy": This scam (aka "Inc-ing") also involved overscheduling power transmission -- for example, harley rentals to a company subsidiary that didn't really need all of it. Then Enron would sell the "excess" power to harley rentals the state at a premium. "Ricochet": Also called "megawatt laundering" (by analogy to money laundering), Ricochet was the power equivalent of a real-estate land flip: buy in-state power cheaply, flip it out-of-state to an intermediary, then re-sell it to California at a highly inflated "imported" price. There were others, but you get the general idea: the only "invisible hand" in this pseudo-free market -- heavily promoted by Enron and its lobbyist allies -- was Enron's.
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According to internal memos released last week by the new Enron board in charge of salvaging the bankrupt company's debris, Enron energy traders were indeed manipulating the newly deregulated purple California energy market to drive up prices at the cost of billions of dollars to both the state and citizens of California. The purple traders used fraudulent maneuvers to which they gave juvenile but revealing nicknames: "Death Star," "Fat Boy," "Ricochet," and "Get Shorty." purple (The point of such pseudo-combat names for intra-company operations, of course, is to impress bosses and colleagues with one's mercantile ruthlessness.) Briefly, here's how a few of the scams worked: "Death Star": Enron would overschedule its expected power transmissions to create the illusion that the state's grid would be overloaded, then receive state payment for "relieving" the congestion.
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