Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Feds Ordered To Revisit Energy-Market Manipulation (CA)

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (01/01/06 through 01/22/2007) Donate to DU
 
warrior1 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-03-06 08:38 AM
Original message
Feds Ordered To Revisit Energy-Market Manipulation (CA)
Court Criticizes FERC's Handling Of Crisis Fallout

http://www.kcra.com/news/9617781/detail.html

SAN FRANCISCO -- A federal appeals court ordered energy regulators Wednesday to consider ordering stiffer penalties for power companies that manipulated the market and caused blackouts during the 2000-2001 energy crisis.

The 9th U.S. Circuit Court of Appeals said the Federal Energy Regulatory Commission's 2003 handling of some of the fallout from California's energy crisis was "arbitrary, capricious and an abuse of discretion."

The state has sought reimbursement for an estimated $8 billion to $10 billion paid by consumers and businesses for overpriced power. FERC ordered energy companies, including several subsidiaries of bankrupt Enron Corp., to pay about $3 billion for market manipulation.

snip
Printer Friendly | Permalink |  | Top
Toots Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Aug-03-06 09:29 AM
Response to Original message
1. Damn activist judges making up law again. Don't they know Bush* is Boss
:shrug: Maybe we will get to hear the GOP squeel some more about punishing judges..
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Mon Nov 24th 2014, 11:28 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion (01/01/06 through 01/22/2007) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC