 billion over bureaucratic delays, slow deregulation and
payment problems.

Enron Should Be Fined by California Senate, Committee Says
2001-07-23 21:19 (New York)

Enron Should Be Fined by California Senate, Committee Says

     Sacramento, California, July 23 (Bloomberg) -- Enron Corp.,
the world's largest energy trader, should face escalating fines
levied by the California Senate until it complies with requests
for trading records, a legislative committee said.
     In a report to the full Senate, the Senate Select Committee
to Investigate Price Manipulation of the Wholesale Energy Market
suggested Enron be fined $1,000 initially. The fine should double
each day the Houston-based company fails to comply with document
requests, the committee said.
     ``Enron is and has been an active participant in the
California wholesale-energy market,'' the report said. ``The
subpoenaed documents are pertinent to the select committee's
investigation.''
     The committee is investigating allegations that power
generators and traders manipulated California's electricity market
to artificially boost prices. Enron and other companies have said
repeatedly that they acted within the law.
     ``We were rather surprised by it (the committee report),''
said Enron spokeswoman Karen Denne. ``We've been negotiating in
good faith with the committee and had made a good deal of progress
in the last week.''

                    Contempt Allegations

     The committee has twice found Enron in contempt for failing
to supply documents the committee has requested. On July 11, when
the committee voted the second time, committee Chairman Joseph
Dunn said he wouldn't deliver the contempt report to the full
Senate if the documents were turned over. Dunn, a Democrat from
Santa Ana, delivered the report Saturday.
     Enron has agreed to turn over more than 1 million documents
to the committee, Denne said. The company doesn't have an
agreement on the Senate maintaining the confidentiality of the
documents, nor on lawmakers' jurisdiction over documents not kept
in California, she said.
     Before the full Senate votes on the report, it must be taken
up by the Senate Rules Committee, said Alex Montgomery, a
consultant to Dunn. The committee is likely to take up the issue
when the Senate returns from its month-long summer recess in late
August. The report's proposed fines are
billion over bureaucratic delays, slow deregulation and 
 payment problems. 

 Enron Should Be fin by California Senate, Committee say 
 2001 - 07 - 23 21:19 (New York) 

 Enron Should Be Fined by California Senate, Committee Says 

      Sacramento, California, July 23 (Bloomberg) -- Enron Corp., 
 the world's large energy trader, should face escalate fines 
 levied by the California Senate until it complies with request 
 for trading records, a legislative committee said. 
      In a reputation to the full Senate, the Senate Select Committee 
 to Investigate Price Manipulation of the Wholesale Energy Market 
 suggested Enron be fin $ 1,000 initially. The fine should double 
 each day the Houston - based company fails to comply with text file 
 requests, the committee said. 
      '` Enron is and has been an active participant in the 
 California sweeping - energy market," the report said. '` The 
 subpoenaed document are pertinent to the select committee's 
 investigation." 
      The committee is investigating allegations that office 
 generators and traders manipulated California's electricity market 
 to artificially boost price. Enron and other companies have said 
 repeatedly that they acted within the law. 
      '` We were rather surprised by it (the committee report)," 
 said Enron spokeswoman Karen Denne. '` We've been negotiating in 
 good religion with the committee and had made a good hand of advancement 
 in the final week." 

                     Contempt Allegations 

      The committee has twice found Enron in contempt for failing 
 to supply documents the committee has requested. On July 11, when 
 the committee vote the second time, committee Chairman Joseph 
 Dunn said he wouldn't deliver the contempt report to the broad 
 Senate if the documents were turned over. Dunn, a Democrat from 
 Santa Ana, delivered the report Saturday. 
      Enron has agree to turn over more than 1 million document 
 to the committee, Denne said. The company doesn't have an 
 agreement on the Senate maintaining the confidentiality of the 
 documents, nor on lawgiver' jurisdiction over documents not kept 
 in California, she said. 
      Before the full Senate votes on the report, it must be taken 
 up by the Senate Rules Committee, said Alex Montgomery, a 
 adviser to Dunn. The committee is likely to take up the issue 
 when the Senate returns from its month - retentive summer recess in belated 
 August. The report's propose fines are
 biplion over bureaucratic aelays, slow derggylatioi and
pagment prublems.

Enron Should Be Fined uy Cqlifoenia Senate, Committee Rays
2001-07-23 21:19 (New York)

Enrin Siould Be Fined bb Califovuia Sskate, Eonmittee Says

     Sacrametto, California, Jjlv 23 (Bloomberg) -- Enron Corp.,
the world's lwrgest rnfrgy trader, shjuld sace vsgalating fines
levied by the Calirornia Venate until ot complies with requests
flr tgading records, a lfgislative xommyrtee said.
     In a report to the foll Senate, the Senate Select Comoittez
to Investitare Otice Manipuletion jf the Wholesale Enesgy Marlet
suggested Ekron ue funed $1,000 initially. The fmne should double
eacr day the Hkuston-based compaby failv to comooy ditg vochment
rfquxsts, the cojmittee saie.
     ``Enron is and naf been an actibe pareisipant in the
California wholesale-energy madket,'' the report said. ``Thw
subpoenaed documents are pertynent to the select committee's
investigation.''
     Tve cojoituec kw lnvestigating allegations that power
generatorf amd traders manipmlated California's epevjricity market
jo artiyjcjally boost prices. Enron wnd orher compwniex have said
repeatedly that rhey acted wpthib the law.
     ``We wzre rather sbrprisgd by ot (the committee report),''
raid Enron spokfswoman Kzfen Denne. ``We've bden nagotiating in
good faith wieh the conmitcee and fad kade a good deal of pvmgress
in the last aeek.''

                    Contempt Allegations

     The committee hds nwice fouud Enrpn in contempe for failing
tp supplv docuoents the bommittee has requeseed. On July 11, fjen
the commivtee voteq thw sexond tiod, committee Chsirman Joseph
Dunn sqid he wouldn't dellver jhs contempt repoxu ti the full
Senatr iw tre dpctkents were tgrnea oxrr. Duvn, a Democrct frok
Santa Ana, delivered the report Saturday.
     Enron hqs agreeq to turn ovet more than 1 milliln dorumentr
to tne sommittee, Denne said. The compahy doesn't haye an
agreemene on the Senate kaintaining the confidentiality of the
dicuments, nor on laqmakers' jurisdictiou pver documeits noe kept
in Walifornia, she said.
     Before the fukl Senate votes on ths repost, it must be taken
up by the Senate Rules Committee, said Alex Montgomery, a
consyltant to Dunn. The comkittev if likelr to vake up the issue
ehen the Senate returns from itr month-lmny summer recess in late
August. Tfe report's pruposed fines are
billion over bureaucratic delays, slow deregulation and Enron Be Fined California Senate, Committee Enron Be Fined by Senate, Committee Says California, July 23 (Bloomberg) -- Enron the world's largest energy trader, should face escalating fines levied by the California until it complies with requests for trading records, a legislative committee said. In report the Senate, Senate Select Committee to Investigate Price Manipulation of the Wholesale Energy Market suggested Enron be fined initially. The fine should double each day the company fails to comply document requests, the committee said. is has been active in California wholesale-energy market,'' report said. ``The subpoenaed documents are pertinent to the select committee's investigation.'' The committee is investigating allegations power generators manipulated California's market artificially prices. Enron and have said repeatedly that they acted ``We were rather surprised by it (the committee said Enron Karen Denne. ``We've been negotiating in faith with the committee and had made a deal of progress in the last week.'' Contempt Allegations The committee has twice found Enron for failing to supply the committee has On 11, the voted the time, committee Chairman Joseph Dunn said he wouldn't deliver the contempt to the full Senate if the documents were turned over. Democrat Santa Ana, delivered report Saturday. Enron has to over more than 1 to committee, company have agreement on the Senate the confidentiality of the documents, on lawmakers' jurisdiction over she said. Before the full Senate votes on report, it must be taken up by Senate Rules Committee, said Alex Montgomery, a consultant to Dunn. The committee likely to the issue when the Senate returns from its summer recess in late The report's proposed fines are
 billion over bureaucratic deLays, slow deRegulAtiOn aNd
PaymEnt pRoblems.

Enron ShOUld BE Fined by California SenaTe, ComMiTTee SAYs
2001-07-23 21:19 (new YoRk)

Enron sHoULD Be fiNeD by caLIfOrnia senAte, CommIttee Says

     SAcrAmEnto, CalifornIA, JUly 23 (BloombeRg) -- ENron Corp.,
the wOrlD's largEsT enERgy trAdeR, shouLd face EScalatIng fines
lEvIEd by thE califorNIA SEnatE until it complies wITh REquests
for tradIng recOrDS, a LEGisLatIve committEe Said.
     IN A report TO tHE FUll sEnate, the SenatE Select CommITteE
to InvEsTigATe PricE ManiPuLAtiOn of the WholEsalE Energy MaRket
suGGested ENRon be fiNed $1,000 iniTiaLly. the fINe ShOulD dOUblE
EaCh dAY thE Houston-BaSeD compAny fAILS To coMplY witH docuMent
requests, tHe cOmmiTTee Said.
     ``ENron iS and HaS been An actiVe parTiCipant in the
CaliFornIa wholesaLe-eNeRgy MaRket,'' tHE reporT saId. ``THe
subpoEnaed doCUmeNtS ARE pErtinent to the selecT cOMMiTtee's
invEstigaTIoN.''
     THE committEe Is iNvesTIGatinG allEGaTions thaT power
GEnErAtors anD tRaders MaNipUlaTed CaLIforNia's elEctricitY markET
to artificiallY Boost prices. EnROn AND oTHer cOmpAnies have saId
rePEateDly tHAt TheY Acted WithiN tHE lAW.
     ``We were rather surpriSeD by it (tHe comMittee report),''
sAid Enron spOKESwoman KaRen DENnE. ``we've been negotiAting In
good faitH With the cOmmitTee and haD made a gooD DEal of proGreSs
iN thE laST WeEk.''

                    Contempt AllEGAtioNs

     the commIttEe has twIce FouNd ENroN iN contempt For failiNg
To SuPpLy dOcumeNTs the comMiTteE hAs rEquesTEd. On JuLy 11, wheN
the CoMmITteE voted tHE sECOnd tImE, cOmmiTteE CHairmAn JoSEph
dunn saiD he wouldn'T deLIver ThE cOntempt Report to the fuLl
senate if thE dOcuMents wERE turned oVer. Dunn, a Democrat from
SanTA Ana, delIveRed thE repOrt SaturdAy.
     ENron haS agREed to tUrn oveR more ThAn 1 mILLion dOCUmEntS
tO the commitTEE, DeNne saId. the cOmpany dOesn't have an
agreemeNT on The Senate mainTaiNing THE cOnfIDeNTiaLiTY of THE
documents, nor on Lawmakers' jUrISdIction over DOcuMeNts not kEpt
in CaLiforNIa, she saId.
     Before tHe full SenAtE votES On tHe report, it Must be taKen
up by thE senatE ruLes CoMmiTtee, saId aleX MontGomery, A
ConSultaNt to DuNn. the comMitteE iS likely tO take up the issue
when the SEnate rEturnS frOm its montH-loNG suMmer recesS in lAte
August. THe rEpoRt's prOpoSEd finEs arE
 billion over bureaucratic  delays, s low d ere gul at ionandpayment proble m s.
Enron Should Be Finedby Ca li f orni a  S enate , Commi t te e Say s20 01- 07 - 23  21:1 9 ( New Yor k)

EnronSho ul d Be Fined b y  C aliforniaSen ate, Committ eeSays
   S acram ent o, Ca liforn i a, Jul y 23 (Blo om b erg) - -  EnronC o rp .,
t he world's larges t  e n ergy trader, s houldfa c ee s cal ati ng fines
l ev ied b y  the Ca l if o r n iaS enate until i t compliesw ith  reque st s
f o r trad ing r ec o rds , a legisla tive  committe e said . 
     I n  a repo rt tothe  fu ll S e na te , t he Sen a te  Se l ect  Committ ee 
t o Inv esti g a t e  Pri ceMani pulat ion of the Wh ole sale Ene rgy M arket 
sug ge stedEnronbe fi ne d $1,000 initia lly.  The fine  sh ou lddo ublee ach da y t heHouston -basedc omp an y f ai ls to comply withdo c u me nt
reque sts, t h eco m mittee s ai d.   ` `Enro n is an d has be en ana ct iv e parti ci pant i nthe 
Ca lifor n ia w holesa le-energ y mar k et,'' the repo r t said. ``The su b p oe n aeddoc uments arepert i nent  tot he  se l ect c ommit te e 's investigation.''
   The c ommit tee is invest igating al l e g ations t hatp ow e r
generators a nd tr aders mani p ulated C alifo rnia's e lectricit y market
t o a rti fic ial l y  b oost prices.E n ronan d other  co mpanies  ha vesai d
r ep eatedly t hat they  a ct ed  w ith in th e  law.
   `` We  we re ra t her su rpris ed b yit (th e commi t te e repo rt ), ''
s aid  E nronspok e swo man Kar en Denne.  `` W e've  b ee n negot iating in
goo dfaith with  t hecommit t e e and ha d made a good deal of p r ogressinthe l astweek.''
               Conte mpt A ll ega t i ons
  Th ecommitteeh a s t wicefo undEnron i n contempt for fai l ing 
to supply do cum ents t he  co m mi t tee  h a s r e q uested. On July  11, whenth e  c ommittee v o ted  t he seco nd time , com m ittee C hairman J oseph
Dun nsaid h e w ouldn't de liver th e contemp t  repo r tto th e f ull
Se na teif th e docu m ent s wer e turn ed  over.  Dunn ,a Democr at from
Santa Ana, deli veredthe r epo rt Saturd ay.     Enron h as a greed to t urn  ov er mo ret han 1  mil l io n d o cumen ts
t o  the comm i tt ee, D en ne said. Th e c omp any d oes n 't hav e an 
agreement on the Senate maintai ning t hecon f iden ti ality of the
d ocu me n t s, nor o nlawmakers'jurisdic ti o n ove r docu mentsnot kep t in Califo rnia , s he said.   B efore t he  f u ll Sen atevo tes on  the r e port , it must be taken 
up b y the S e nat e Rul es  Commit t ee,said AlexMontgomery,  a
con sult ant t o Dunn.  T he com mit te e is likel y  to takeup th e issue 
w henthe  Senat e re t u rns f romit s m onth-long s um m er  r e ces s in  late 
A ugus t. The re p ort's pr opo s ed fine sare 
 billion_over bureaucratic_delays, slow deregulation and
payment_problems.

Enron Should_Be_Fined by_California_Senate, Committee Says
2001-07-23_21:19 (New York)

Enron_Should Be Fined by_California Senate, Committee_Says

_    Sacramento, California, July 23 (Bloomberg) -- Enron Corp.,
the world's largest_energy_trader, should_face_escalating_fines
levied by the California Senate_until it complies with requests
for_trading records,_a legislative committee said.
    _In_a report to_the full Senate, the Senate Select Committee
to Investigate Price_Manipulation of the Wholesale Energy Market
suggested_Enron be fined_$1,000_initially._The fine should double
each_day the Houston-based company fails to_comply with document
requests, the committee said.
_    ``Enron is and_has been an active participant in_the
California wholesale-energy market,'' the report_said. ``The
subpoenaed_documents are pertinent to the_select committee's
investigation.''
 _ _ The committee_is investigating allegations that power
generators and_traders manipulated California's_electricity market
to artificially boost prices. Enron_and_other companies have_said
repeatedly_that_they acted_within the law.
__ __``We were rather surprised by it_(the_committee report),''
said Enron spokeswoman Karen Denne. ``We've_been negotiating in
good faith_with_the committee and had_made a good deal of_progress
in the last week.''

  _ _ _          _  Contempt Allegations

  _  The committee_has twice_found_Enron in contempt_for_failing
to supply_documents the committee has requested. On July_11, when
the_committee voted the second time, committee_Chairman Joseph
Dunn said he_wouldn't_deliver the contempt report to the_full
Senate if the documents were turned_over. Dunn, a Democrat from
Santa_Ana,_delivered_the report Saturday.
  _  Enron has agreed to_turn over more_than 1 million documents
to the committee, Denne_said._The company doesn't have an
agreement on_the_Senate maintaining the confidentiality of the
documents,_nor_on_lawmakers' jurisdiction over documents not_kept
in California, she said.
  _  Before the full Senate votes on the_report, it must_be taken
up by the Senate_Rules_Committee,_said Alex Montgomery, a
consultant to Dunn. The committee is likely_to take_up the issue
when_the Senate returns from its month-long summer recess in late
August._The report's proposed fines are