http://paloaltoonline.com/square/print/index.php?i=3&d=&t=226


Town Square

A more entrepreneurial approach vs. Enron

Original post made by Diana Diamond, Palo Alto Online blogger, on Jul 16, 2006

This story contains 462 words.

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Comments

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Posted by Raul
a resident of another community
on Jul 16, 2006 at 4:52 pm

Diana,

You've got it wrong. The contract did not deal with oil or gas, but electricity. [This was corrected by Diana after an initial posting. Jay Thorwaldson, editor.] You should get your fact straight before opining.

I also think you should examine whether Snohimish's so-called "achievement" is rather the result of political pressure so that this is an example of our country being a country governed by men rather than laws."


Like this comment
Posted by Ken
a resident of Ventura
on Aug 12, 2006 at 6:58 pm

Before you correct Diana, you might want to look at CMR:245:05 (June 6, 2005) which shows the contract was for BOTH natural gas and electricity. In fact, of the $21.5 million settlement, $18.06 million came from the city's Electric Utility Rate Stablization Reserve and $3.44 million from the Gas Utility Supply Rate Stablization Reserve.

Also, the Weekly itself mentioned the gas contracts in the third paragraph of this May 4, 2005 story <Web Link>.