Enron Corp. was still not talking Monday, but the questions continue nonetheless about the troubled energy trading giant’s future. Is it — or parts of it — for sale? Is a takeover in sight? Is Chairman and CEO Kenneth L. Lay, most responsible for Enron’s meteoric rise from pipeline company to global trading giant, about to resign? There were no answers, only rumors Monday. But Fitch, a credit ratings service, downgraded the Houston-based corporation once again, and warned of even more downgrades if Enron fails to reduce its debt. Fitch advised Enron to consider selling some of its assets.
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CA Blackouts Spread Statewide
With a winter season peak demand of less than 30,000 MW,California nonetheless Monday instituted rolling blackouts of 1,000MW across nearly the entire state shortly after Noon PST. TheCal-ISO said the system was down 14,000 MW of capacity due toplanned maintenance, a generator accident, lower imports and somepower loss from qualifying facility (QF) cogeneration plants.
March 20, 2001
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