Posted on 03/29/2003 3:24:43 PM PST by Ernest_at_the_Beach
Edited on 04/12/2004 5:50:04 PM PDT by Jim Robinson. [history]
WASHINGTON -- West Coast senators blasted the Federal Energy Regulatory Commission at a hearing Thursday for its reluctance to order revisions to billions of dollars' worth of long-term electricity contracts because of massive market manipulation by power sellers.
"The issue today is whether FERC is capable of doing its job," charged Sen. Marie Cantwell, D-Wash.
(Excerpt) Read more at sacbee.com ...
| To find all articles tagged or indexed using Calpowercrisis, click below: | ||||
| click here >>> | Calpowercrisis | <<< click here | ||
| (To view all FR Bump Lists, click here) | ||||
Sort of makes it sound that the report primarily blames these companies. It doesn't.
The commission's view is the best kept secret in the media.
Read the report. In fact, just read the first paragraph of the "at a glance" section to see what this secret is that the media won't talk about.
It explains this observation of the author:
But in a public discussion, the commission appeared to be split 2-to-1 against approving requests by California and the Pacific Northwest states to rewrite high-priced electricity contracts negotiated during the height of the crisis.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.