It's Hasta la Vista to $9 Billion if the Governator is SelectedGo ahead. It's a pretty disturbing hike.
Here's the story Arnold doesn't want you to hear. The biggest single threat to Ken Lay and the electricity lords is a private lawsuit filed last year under California's unique Civil Code provision 17200, the "Unfair Business Practices Act." This litigation, heading to trial now in Los Angeles, would make the power companies return the $9 billion they filched from California electricity and gas customers.
It takes real cojones to bring such a suit. Who's the plaintiff taking on the bad guys? Cruz Bustamante, Lieutenant Governor and reluctant leading candidate against Schwarzenegger.
Now follow the action. One month after Cruz brings suit, Enron's Lay calls an emergency secret meeting in L.A. of his political buck-buddies, including Arnold. Their plan, to undercut Davis (according to Enron memos) and "solve" the energy crisis -- that is, make the Bustamante legal threat go away.
How can that be done? Follow the trail with me.
If you don't like reading a lot of words (a benchmark for being an Arnold fan), here's the short version: The $9 billion lawsuit California has against the real crooks in the energy gouge will go bye-bye if Schwarzenegger wins.