To: balrog666
"Why aren't Davis, Wilson, and the California legislature responsible for the idiocy of their own policy and politics?"
Wilson and the California legislature, along with the utility companies (yep, the same companies whining about the system they helped to create) created the flawed system in California and certainly are responsible for that. Davis inherited the flawed plan and handled the crisis poorly. There is plenty of blame to go around.
"What mandate was that?"
"When FERC was established in 1977 as a replacement for the Federal Power Commission, its mandate was to determine whether wholesale electricity prices were unjust and unreasonable and, if so, to regulate pricing and order refunds for overcharges to ratepayers."
California was (and still is) asking that the FERC function in the capacity it was created to.
22 posted on
05/10/2002 8:32:28 AM PDT by
lucysmom
To: lucysmom
"When FERC was established in 1977 as a replacement for the Federal Power Commission, its mandate was to determine whether wholesale electricity prices were unjust and unreasonable and, if so, to regulate pricing and order refunds for overcharges to ratepayers." California was (and still is) asking that the FERC function in the capacity it was created to.
But the FERC did just that. They just didn't rule the way to you would have liked.
You seem to forget there were a couple of dozen companies other than Enron dealing with California and that the big jump in natural gas prices touched everybody.
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