Enron - A Sense of Urgency | 1
American Scandal
00:00
Enron's Tim Belden
Tim Belden was hired by Enron to run its West Coast trading after California deregulated electricity. On May 24, 1999, he tells the state's power exchange that his company is projecting a peak in energy demand for the next day. He then submits bids to sell them about 3,000 megawatts to help them meet the unexpected demand. Less than an hour later, the exchange office gets back to him and says they'll buy the 3,000 watts. The people running the ISO don't even know they're being lied to.
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