Arnold Schwarzenegger
On May 17, 2001, future Republican governor Arnold Schwarzenegger and former Los Angeles Mayor Republican Richard Riordan met with Enron CEO Kenneth Lay at the Peninsula Beverly Hills Hotel in Beverly Hills. The meeting was convened for Enron to present its "Comprehensive Solution for California," which called for an end to federal and state investigations into Enron's role in the California energy crisis.
On October 7, 2003, Schwarzenegger was elected Governor of California to replace Davis.
Over a year later, he attended the commissioning ceremony of a new Western Area Power Administration (WAPA) 500 kV line remedying the aforementioned power bottleneck on Path 15.
There were no power shortages or outages while Schwarzenegger was governor, and the Enron corporate officers were swiftly arrested and tried. Those arrested and tried included Treasurer Ben Glisan, Jr., Andrew Fastow, Lea Fastow, Richard Causey, Jeffrey Skilling, Kenneth Lay, Dan Boyle of Enron and Merrill Lynch bankers Daniel Bayly, Robert Furst, William Fuhs and James Brown.
Read more about this topic: California Electricity Crisis, Handling of The Crisis
Famous quotes containing the word arnold:
“So much unlearnt, so much resign’d—
I come not here to be your foe!
I seek these anchorites, not in ruth,
To curse and to deny your truth;”
—Matthew Arnold (1822–1888)