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from:
http://www.sfgate.com/cgi-bin/article.cgi?file=/news/archive/2001/08/02/state0
536EDT0033.DTL&type=news
Click Here: <A
HREF="http://www.sfgate.com/cgi-bin/article.cgi?file=/news/archive/2001/08/02/
state0536EDT0033.DTL&type=news">Energy board member reports owning Enron stock
</A>
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Danka, Goatman.
Om
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Energy board member reports owning Enron stock
Thursday, August 2, 2001
Breaking News Sections
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(08-02) 08:21 PDT LOS ANGELES (AP) --
A business leader appointed by Gov. Gray Davis to a state energy board has
reported having more than $1 million of stock belonging to a Texas power
company, it was reported Thursday.
Bruce Willison, 52, reported in a financial disclosure statement that his
stock portfolio included an estimated $1 million worth of Enron Corp. shares
as of December, the Los Angeles Times and the San Francisco Chronicle
reported. Willison, dean of the Anderson School of business at University of
California, Los Angeles, said he doesn't know how much Enron stock he still
has but denies it has influenced his actions on behalf of the state.
"There has not been anything that has even come close to a conflict,"
Willison told the Times.
He is one of five members who sit on the state's Electricity Oversight Board,
which was created by the state's deregulation law. Some of the board's
responsibilities include representing the state in legal disputes, overseeing
California's independent grid operator and monitoring electricity market
activities.
Willison said that he has supported demands for federal regulators to
schedule refunds from power supplies and any perceived conflict of interest
would be misguided.
"If he owns that kind of stock, he should not be on that board," said Senate
Leader John Burton, D-San Francisco. "You're talking about serious money and
serious profit. People that are on an energy board shouldn't have that --
that's the bottom line."
Willison is the latest figure who has been tossed into a controversy over
potential conflicts involving energy consultants owning the stock of power
wholesalers that do business with the state. Last week, Davis fired five
consultants who had stock in energy companies. It was also revealed this week
that Davis spokesman Steve Maviglio bought stock from an energy company that
has $13 billion in state contracts.
An attorney for the electricity board said he was unaware that any other of
the panel's members, which include Sen. Debra Bowen and Assemblyman Roderick
Wright, had shares of energy stock. Under state policy, board members are
required to disclose their personal holdings.
Willison was appointed to the board last year. He is the former president of
H.F. Ahmanson & Co., parent of Home Savings of America and the former chief
executive officer of First Interstate Bank of California.
08/02/2001 - Top adviser's $1 million in Enron stock.
01/07/2001 - Energy Brokered In Secret.
more related articles...
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©2001 Associated Press
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