State appeals huge energy crisis claim

[peterh]

http://www.sacbee.com/content/business/story/9670882p-10594196c.html

State officials, saying they're outraged, are fighting a U.S. government ruling that says California ratepayers owe Enron Corp. and other electricity sellers refunds totaling $270 million for deals made during the worst of the energy crisis.

In an appeal filed this week with the Federal Energy Regulatory Commission, state officials said "numerous sellers who manipulated California's electricity markets will improperly reap millions of dollars in additional profits at the expense of ratepayers" if the ruling takes effect.

Attorney General Bill Lockyer's spokesman Tom Dresslar called the ruling "the latest affront to justice from FERC," an agency that California officials believe has treated the state unfairly.





Well, it really should come as no surprise that FERC (a shrub gangsta agency) with two Key Lay approved appointments in Pat Wood and Nora Brownell would have the audacity to lay claim that we actually owe Enron and others money…. and it should also be pointed out that while Davis was in office he was very active against FERC….in stark contrast, Arnie has said zip….I have serious doubts that we’ll ever see the 3 billion let along the 9…..