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FERC and PUC move to keep California energy prices high
Thomas D. Elias argues FERC and the California PUC are expanding price supports for generators and utilities, ensuring high wholesale rates linger. FERC raises the price cap to 250 per megawatt hour, while the PUC considers using ratepayer funds to bail out Southern California Edison and PG&E, triggering renewed consumer frustration.
MENTIONED IN THIS ARTICLE
FERC
PAC
Federal Energy Regulatory Commission
PUC
State Public Utilities Commission
California
Gray Davis
Mirant
Duke Power
Dynegy
Sempra
Douglas Heller
The
Foundation For Taxpayer and Consumer Rights
Bush Administration
Enrons
Public Utilities Commission
Loretta Lynch
Southern California Edison Co
Pacific Gas & Electric Co