GO SIMON
Posted on 08/14/2002 8:01:20 AM PDT by NormsRevenge
Edited on 04/12/2004 5:41:57 PM PDT by Jim Robinson. [history]
In a report that offers California hope for an extra $1 billion in refunds for electricity market abuses, federal regulators Tuesday said the natural gas prices used to calculate the refunds may have been manipulated.
The Federal Energy Regulatory Commission also launched formal investigations of five energy companies suspected of manipulating electricity prices and indicated it may target their corporate profits for repayments. And it again asked Congress for more authority to punish abusers.
(Excerpt) Read more at sacbee.com ...
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