Four Reliant Execs Plead Not Guilty

The ColumbianApril 12, 2004

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Summary


SAN FRANCISCO - Four top-level employees who worked at a Reliant Resources Inc. subsidiary pleaded not guilty Friday to charges of conspiracy, wire fraud and commodities manipulation.

A federal grand jury on Thursday indicted Reliant Energy Services Inc. and the employees in an alleged scheme to illegally increase electricity costs during California's 2000-2001 energy crisis. They are accused of creating a "false and misleading appearance of an electricity supply shortage."

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Four Reliant Execs Plead Not Guilty

The subsidiary is responsible for buying fuel for and marketing power ...

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