IPPs and Merchant Energy Co.s Message Board

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Strategies & Market Trends : IPPs and Merchant Energy Co.s

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To: jim_p who wrote (1683)	3/27/2003 12:44:05 PM
From: Oeconomicus	Read Replies (1) of 3358

We all know that FERC reports to Congress and politics played a heavy roll yesterday. And Barbara Boxer is playing politics, toying loosely with the constitution, to try to impose by legislation what she and Gray Davis can't get through existing administrative and civil law processes - extorted payments and nullification of contracts. WASHINGTON (Dow Jones)--Sen. Barbara Boxer introduced a bill to amend the Federal Power Act "to provide refunds for unjust and unreasonable charges on electric energy in the State of California." The California Democrat said her bill would require energy companies to pay refunds "in the minimum amount of $8.9 billion" and also would require FERC to order the renegotiation of long-term contracts. biz.yahoo.com

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