Manipulation tapes of Enron reignites dispute between the State, FERC
The CA has been a longstanding conflict with the Federal Energy Regulatory Commission on managing the crisis of state power is back to full boil.
In addition to the famous memoir of the state budget for billions of dollars in refunds, there were calls last week for the removal of members of the Commission and for an independent investigation of the FERC.Some local officials and a guide said the lawyer, he was at the time for the Dir Republican Arnold Schwarzenegger, noted the silence on the state of confrontation with the FERC, that democratic politics, have been demanding FERC action.
Although the crisis ended three years ago, FERC held in his hand the regulatory perspective, to $ 16 billion in refunds and cost reductions to the State. The sum includes about $ 9 billion in refunds for alleged overcharges during the crisis, estimated at $ 5 billion to $ 7.5 billion in reductions in long-term contracts, the power of California officials say contain the high cost of electricity illegally.
With this kind of money is at stake, this is not a problem that is once again dropped under any pretext.But what has assisted the return of the dispute was to cook completely the idea that neither FERC nor the Department of Justice, who both said that the investigation of trading abuses electricity, gave signs, they checked the tapes of Enron Corp. reseller business during the Depression.
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