Hearings Reveal Enron at Center of California Energy Crisis Andrea Cappannari

In a hearing before the Senate Commerce, Science, and Transportation Committee on April 11, California Public Utilities Commission President Loretta Lynch and California Power Authority Chairman S. David Freeman charged that Enron Corporation's manipulation of the energy market was at the root of California's energy crisis last year. According to authorities, by late 2000 Enron oversaw 30 percent of energy bought and sold in the state's deregulated market, giving it enormous leverage over supply and pricing. California is currently demanding Enron and other energy suppliers refund the state $8.9 billion because of unfair trading practices. Wenonah Hauter, from the watchdog…