Transcripts reveal Enron's Plots for California

Although Enron is no longer around, its impacts on California are still felt. This week, we're learning more about how they gamed California's deregulated energy markets:

The Houston company, which made at least $1.6 billion during California's energy crisis, spotted weaknesses in the state's deregulation plan even before it went into effect, officials with the Snohomish County Public Utility District said Thursday.

The documents they unveiled Thursday also suggest Enron gamed the market in Alberta, Canada, using trading schemes similar to those it employed in California. Phone transcripts show Enron searching for reasons to shut down one of its power plants during the height of the California energy crisis, eventually closing the plant as blackouts rippled across the state.