Fumo

By September 1997, Philadelphia Electric Co. had outflanked key opponents and filed a proposed partial settlement with the Penn. PUC to allow the company to recover costs that might become stranded under a new law (enacted a year before) that had brought a measure of competition to the state’s electric utility industry. Then Enron went to work.

By 1997, Peco employed some 21 registered lobbyists in Pennsylvania, almost more than any other single company: to push through favorable bills to restructure the state’s electricity marketplace.