Econ Extra Credit newsletter #78
In California, energy companies gamed the markets and ushered in large-scale blackouts in 2000-2001, incidents that have Enron's fingerprints all over them.
Very little, according to Bethany McLean, the first financial reporter to ask questions about Enron's accounting practices.
Econ Extra Credit newsletter #76
California faces more potential rolling blackouts this year due to a historic drought. But the state's deregulated power system also plays a role, and dates back to the Enron scandal.
J.P. Morgan Chase is reportedly in negotiations with federal regulators over charges the bank manipulated energy markets in California and around the country. This would have looked very different before the Enron scandal a decade ago.