California energy probe focuses on rigging
A federal grand jury investigating California’s energy crisis appears to be focusing on whether major electricity suppliers worked together to rig the energy market. <Gee, ya think?>
Grand juries operate in secret and its members and attorneys are forbidden by law from revealing facts about deliberations and investigations. But subpoenas issued during the last few days to major players in the state’s electricity markets suggest the San Francisco-based grand jury is trying to determine whether companies colluded to intentionally withhold power or otherwise game the system. That could be a violation of federal antitrust laws.