Crony Capitalism, Maryland Style

by Steven F. Hayward

A few days back I pointed out the idiocy of Maryland governor Martin O’Malley’s plan to stick Maryland ratepayers with the tab for a $1.5 billion offshore wind-power facility, plus the billions in revenue that would flow to the facility’s owners over the next 25 years.

Well, the other shoe drops in today’s Washington Post, which reports that the chief beneficiary of the plan will be the company run by O’Malley’s former chief of staff and childhood friend Michael Enright. The Post quaintly reports, “There has been no suggestion that the potential benefit for Enright . . . would violate Maryland law.” I’m sure not, but I’m also sure the old Enron crowd is taking note of how they could have stayed in business.