Ken Lay

In “The Power Brokers: The Struggle to Shape and Control the Electric Power Industry,” I sought to craft a narrative, telling the story of an essential bedrock business through the players who influenced its course.

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.