Democratic Underground Latest Greatest Lobby Journals Search Options Help Login

Former ERCOT officials indicted

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Places » Texas Donate to DU
ChicanoPwr Donating Member (536 posts) Send PM | Profile | Ignore Fri Jan-28-05 04:20 PM
Original message
Former ERCOT officials indicted

Former top officials with the organization that runs Texas' electricity grid created bogus companies that charged hundreds of thousands of dollars for fake work done by nonexistent or even dead employees, according to indictments announced Friday.

The 23 indictments against five former officials and one contractor at the Electric Reliability Council of Texas allege organized criminal activity, commercial bribery and theft by receiving stolen property.

Most of the charges are first-degree felonies with punishment ranging from five to 99 years in prison, said Attorney General Greg Abbott, who announced the indictments after a five-month investigation.

"The maze of illicit business dealings going on within ERCOT over a year's time is simply stunning," Abbott said in a statement. "This is not about electricity. It's about corruption at top levels of ERCOT and flagrant violations of an agreed-upon ethics policy."
Printer Friendly | Permalink |  | Top
bearfan454 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-28-05 05:40 PM
Response to Original message
1. About time
All these crooks need to be handcuffed.
Printer Friendly | Permalink |  | Top
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Thu Jul 20th 2017, 06:11 PM
Response to Original message
Advertisements [?]

Home » Discuss » Places » Texas Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC