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"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.

As I remember it California requested the FERC to get involved in the crisis situation (remember this request is consistent with the FERC's mandate, they were created to function in this capacity). Both Bush and Cheney along with the FERC refused for months until they were forced to yield to pressure.

As far as things not turning out the way I want, its still in the courts and will be for some time.

You are correct in saying that more companies were involved, not just Enron.