During the last two decades deregulation and restructuring were widely expected to transform the nation’s energy industries, bringing more competitive pricing and abundant, reliable energy to the public. Instead, consumers and investors in the post-Enron era have suffered losses measured in the billions, attributable to market-rigging, accounting fraud, and business plans that were doomed to failure.
In this in-depth look at the latest era of greed, the author explains how the leaders of these companies schemed, collaborated or ignored the obvious signs that signaled the oncoming failures of well-established energy companies.
Preface
Chapter 1 : A Short History of Deregulation
Chapter 2 : Corporate Self-Regulation : Form Versus Substance
Chapter 3 : Corporate Self-Regulation : The Accountant as Gatekeeper
Chapter 4 : FERC’s Shortfall as Market Regulator
Chapter 5 : The Deregulated Gas Supply Market
Chapter 6 : Implosion of the California Electricity Market - Part I
Chapter 7 : Implosion of the California Electricity Market - Part II
Chapter 8 : Market Design
Chapter 9 : Changing the Ground Rules
Chapter 10 : Conclusion
Index