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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: American Spirit who wrote (420188)	6/29/2003 2:36:22 PM
From: Lazarus_Long	Read Replies (1) \| Respond to of 769670

Regulators Uphold Disputed Energy Pacts The Federal Energy Regulatory Commission ordered more than 60 power firms and utilities to show why they should not be forced to return profits allegedly gained via illegal manipulation of the California electricity market. The action ratchets up the pressure on Dynegy Inc., Enron Corp., the Los Angeles Department of Water and Power and others previously accused of rigging the system and deepening California's 2000-01 energy crisis. But the commission said California must honor $12 billion in long-term electricity contracts negotiated at the height of the energy turmoil. The state could be forced to pay now-lofty prices to some of the companies accused of harming the market. Gov. Gray Davis vowed to appeal in federal court. latimes.com Firms and municipal entities accused of manipulative behavior disputed the allegations. Oh, yeah, did you forget CALIFORNIA CITIES, such as the People's Republic of Palo Alto, were parties to the con game? Municipal utilities, including those serving Palo Alto and other Northern California cities, helped Enron manipulate California's electricity prices during last year's energy crisis, an energy consultant told state officials Wednesday. bayarea.com Proud Member Of The Vast Right Wing Conspiracy