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The Tale of The Brits Who Swiped 800 Jobs From New York, Carted Off $90 Million, Then Tonight, Turned Off Our Lights by Greg Palast , ZNet, Friday, August 15, 2003 I can tell you all about the ne're-do-wells that put out our lights tonight. I came up against these characters -- the Niagara Mohawk Power Company -- some years back. You see, before I was a journalist, I worked for a living, as an investigator of corporate racketeers. In the 1980s, "NiMo" built a nuclear plant, Nine Mile Point, a brutally costly piece of hot junk for which NiMo and its partner companies charged billions to New York State's electricity ratepayers. To pull off this grand theft by kilowatt, the NiMo-led consortium fabricated cost and schedule reports, then performed a Harry Potter job on the account books. In 1988, I showed a jury a memo from an executive from one partner, Long Island Lighting, giving a lesson to a NiMo honcho on how to lie to government regulators. The jury ordered LILCO to pay $4.3 billion and, ultimately, put them out of business. And that's why, if you're in the Northeast, you're reading this by candlelight tonight. Here's what happened. After LILCO was hammered by the law, after government regulators slammed Niagara Mohawk and dozens of other book-cooking, document-doctoring utility companies all over America with fines and penalties totaling in the tens of billions of dollars, the industry leaders got together to swear never to break the regulations again. Their plan was not to follow the rules, but to ELIMINATE the rules. They called it "deregulation." It was like a committee of bank robbers figuring out how to make safecracking legal. READ IT ALL AT: http://www.gregpalast.com/printerfriendly.cfm?artid=257 "RHINO'S BLOG" is the responsibility of Gary Rhine. (rhino@kifaru.com) Feedback, and requests to be added or deleted from the list are encouraged. SEARCH BLOG ARCHIVES / SURF RHINO'S LINKS, AT: http://www.rhinosblog.info RHINO'S OTHER WEB SITES: http://www.dreamcatchers.org (INDIGENOUS ASSISTANCE & INTERCULTURAL DIALOG) http://www.kifaru.com (NATIVE AMERICAN RELATIONS VIDEO DOCUMENTARIES) Articles are reprinted under Fair Use Doctrine of international copyright law. http://www4.law.cornell.edu/uscode/17/107.html All copyrights belong to original publisher. 6:21:02 AM ![]() |
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