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Exact(24)
He set the play in turn-of-the-century Venice, at the advent of electricity, traders and stock markets.
Independent power producers and electricity traders, whose future depends on deregulation, argue that California is an anomaly.
Even so, the energy squeeze of the last year was a boon for both power plant owners and electricity traders.
As it rushed to reach a merger agreement with Dynegy last month, Enron paid about $50 million to 75 employees who worked as natural gas and electricity traders.
"Our customers are getting more and more comfortable with disclosure," J. Robert Collins Jr., president of the mercantile exchange, said of the electricity traders coming to his market.
Industry officials deny that the profit motive is exerting pressure on the control rooms, saying electricity traders are segregated from the operators who schedule and initiate transmissions.
Similar(36)
France is Europe's largest cross-border electricity trader.
Enron is the nation's largest electricity trader.
The Mirant Corporation, an Atlanta-based power plant owner and electricity trader, sharply curtailed its trading with Enron this week.
For example, the AES Corporation, which owns several plants in California, sells electricity at set prices to the Williams Companies, a large electricity trader and marketer in Tulsa, Okla.
Ms. Feinstein's concerns include a discussion earlier this year between the commission's chairman, Curt Hebert Jr., and Kenneth Lay, the chairman of the Enron Corporation, the nation's biggest electricity trader.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com