PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Raymond Duray who wrote (264944)	6/18/2002 3:50:46 AM
From: DuckTapeSunroof	Read Replies (1) of 769667

"... A year after the energy crisis that hobbled the state, the report by the nonpartisan General Accounting Office says the Federal Energy Regulatory Commission "still lacks the expertise and clout to protect consumers from price gouging and other maneuvers, despite 'hopeful' changes under its new chairman," according to the newspaper." reuters.com "FERC is not adequately performing the oversight that is needed to ensure that the prices produced by these markets are just and reasonable, and therefore, it is not fulfilling its regulatory mandate," said the GAO report. The Times obtained a copy. "... "In a revealing survey, 37% of FERC enforcement staffers told GAO investigators that their agency was ineffective in detecting monopolistic abuses in wholesale electricity markets," the Times reported."

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