Settlement Is Reached With Enron - New York Times.
"More than four years after rolling blackouts and skyrocketing electricity bills shook California and the rest of the West Coast, the Enron Corporation finally settled claims that it played a major role in the energy crisis of 2000 and 2001."
"Enron...announced yesterday that it had reached an agreement to pay as much as $1.52 billion to the State of California" but under their bankruptcy plan will pay "about 20 cents on the dollar on average, said Jennifer Lowney, a spokeswoman for Enron."
Gray Davis, of course, was the California governor at the time, and lost a recall election at least in part because of residents' anger over his handling of the energy crisis.
Panda pic from Majikthise. Gray Davis reference from Balloon Juice.
