Anatomy

Utility Watchdog Smells Scandal in Peoples Energy-Enron Relationship

“Peoples Energy: Anatomy of a Scandal” is the title of an elaborate diagram Chicago-based watchdog group Citizens Utility Board (CUB) has posted on its web site. The diagram graphically depicts how Peoples Gas allegedly forced Illinois ratepayers into paying “sky-high” gas prices in winter 2000-2001 while its parent company reaped profits with an alleged partner in crime, Enron Corp, through a joint venture called Enovate.

February 2, 2004

Utility Watchdog Smells Scandal in Peoples Energy-Enron Relationship

“Peoples Energy: Anatomy of a Scandal” is the title of an elaborate diagram Chicago-based watchdog group Citizens Utility Board (CUB) has posted on its web site. The diagram graphically depicts how Peoples Gas allegedly forced Illinois ratepayers into paying “sky-high” gas prices in winter 2000-2001 while its parent company reaped profits with an alleged partner in crime, Enron Corp, through a joint venture called Enovate.

February 2, 2004