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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 893 |
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Starting in the summer of 2001, rolling brownouts as well as blackouts caused companies in California to suffer profit losses due to decreased productivity. These power interruptions also caused the general population to spend an unpredictable summer dealing with such issues as limited home power, traffic jams due to downed traffic signals and general reduced creature comforts associated with power outages...
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Several years later, after the fall of Enron who was a major energy provider to California, incriminating tapes were discovered. These tapes revealed how Enron "shut down at least one power plant on false pretenses" (Enron, 2005). The sole purpose of shutting this particular plant down was to inflate prices which increased profits for Enron and its stockholders...
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