My letter to David Lauter, California editor of LA Times:
[email protected]The AP confirms an element of the Greg Palast story we discussed earlier, that the FERC was offering far less than the state said we were due in their lawsuit.
Could you please run this story in the times and ask Arnold if he supports the lawsuit and getting as much money as possible back from power companies that used deregulation to scam us out of billions? Would he ask President Bush to get the FERC to require a full refund so the lawsuit won't be necessary?
In light of the budget cuts he wants to make, those billions are no small matter.
It's a hell of a lot more newsworthy than the column one piece today on Arnold's chief of staff.
California asks federal court to order $6 billion in energy refundshttp://www.kron.com/global/story.asp?s=3208799&ClientType=Printable#SAN DIEGO California is asking a federal appeals court to order power companies to refund (b) billions of dollars from overcharges on electricity during the 2000 and 2001 energy crisis.
The state says, during that time, it was the victim of widespread manipulation of both the price and supply of energy. It's asking the court for more than six (b) billion dollars.
The Federal Energy Regulatory Commission is requiring energy companies to pay three-point-three (b) billion dollars for manipulating prices. But a lawyer for California contends its consumers and businesses paid eight to ten (b) billion dollars for overpriced power.
Associated Press.