Feds Suggest Enron Contracts Were Illegal - ABC News:

ABC News: Feds Suggest Enron Contracts Were Illegal:

"SEATTLE Mar 12, 2005 — Government regulators handed a major victory to western utilities and cities trying to get out of exorbitant contracts they made with disgraced energy giant Enron Corp. during the power crisis of 2000-01.

In a six-page order issued Friday evening, the Federal Energy Regulatory Commission determined that Enron was engaging in illegal activity at the time it entered in the contracts. It was the first time the commission acknowledged that the contracts were signed under fraudulent pretenses."