Business Services Industry
Law Led Connecticut Resources Recovery Authority to Seek Enron.
Knight Ridder/Tribune Business News, March, 2002
By Trip Jennings, Waterbury Republican-American, Conn. Knight Ridder/Tribune Business News
Mar. 12--HARTFORD, Conn.--The failed $220 million deal between the Connecticut Resources Recovery Authority and Enron Corp. might not have happened without the state's four-year-old deregulation law.
The law meant the state agency and Connecticut Light & Power had to sever a long-term contract, and CRRA had to search for someone else to do business with. That search led to Enron.
These days, the deal is touching off municipal protests and election-year politics. The Environment Committee on Monday unanimously approved a year-long moratorium on fee increases imposed on 70 communities by CRRA as a way to absorb costs from the disastrous deal.
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