----- Forwarded by Richard B Sanders/HOU/ECT on 09/25/2000 07:56 AM -----

	Jeff Dasovich@EES
	09/22/2000 10:24 AM
		 
		 To: Richard B Sanders/HOU/ECT@ECT, James D Steffes/HOU/EES@EES, Richard 
Shapiro/HOU/EES@EES
		 cc: 
		 Subject: Utilities, Electric: Retail Wheeling: FERC Chief Asks Congress For 
Retroactive Rate ...

Richard.  FYI.  Do we have a date set yet to meet with Tim in Portland?

Best,
Jeff
----- Forwarded by Jeff Dasovich/SFO/EES on 09/22/2000 10:23 AM -----

	Miyung Buster@ENRON_DEVELOPMENT
	09/22/2000 10:08 AM
		 
		 To: Joe Hartsoe@ENRON, Sandra McCubbin@EES, Susan Mara@EES, Paul 
Kaufman@ECT, Karen Denne@ENRON, Jeff Dasovich@EES, Mark Palmer@ENRON, James D 
Steffes@EES, Richard Shapiro@EES, Elizabeth Linnell@EES, Jeannie 
Mandelker@ECT, filuntz@aol.com, Mark Schroeder@ECT, Peter Styles@ECT, 
Liz@luntz.com, Mona L Petrochko@EES, Peggy Mahoney@EES, Nicholas 
O'Day/AP/Enron@Enron, Mike Dahlke/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rob 
Bradley@ENRON, Shelley Corman@ENRON, Jennifer Rudolph/HOU/EES@EES
		 cc: Steven J Kean/NA/Enron@Enron
		 Subject: Utilities, Electric: Retail Wheeling: FERC Chief Asks Congress For 
Retroactive Rate ...


FERC Chief Asks Congress For Retroactive Rate Authority 
  
09/21/2000 
Dow Jones Energy Service 
(Copyright (c) 2000, Dow Jones&Company, Inc.) 
WASHINGTON -(Dow Jones)- Federal Energy Regulatory Commission Chairman James 
Hoecker Thursday asked Congress to give the commission new authority to order 
refunds in the event of electricity price gouging. 
Hoecker sought the retroactive ratemaking authority in the context of the 
commission's investigation of power market volatility in California this 
summer, where prices for San Diego consumers have more than doubled from last 
year. 
Congress should give FERC "authority to retroactively correct extraordinary 
wealth transfers that can happen when prices unexpectedly skyrocket and 
consumers cannot get out of the way," Hoecker told the House Government 
Reform Committee. 
The commission, in response to a petition from San Diego Gas&Electric Co., a 
unit of Sempra Energy (SRE), has ordered a staff investigation of the market 
situation in California. 
FERC will order refunds if it determines that power producers have obtained 
"unjust or unreasonable" prices for the power they sold into California 
electricity markets overseen by the state's power exchange and independent 
system operator, Hoecker said. 
But under the Federal Power Act, FERC can't order any refunds beyond the Aug. 
23 date of its order setting the investigation, the nation's chief energy 
regulator noted. 
"We do not now have that authority," he said. 
"The commission staff is hard at work on completing its fact-finding 
investigation. Based on the staff report to the commission, we will be 
prepared to take further measures, as appropriate," Hoecker testified. 
"The commission expects its actions and the measures adopted by the state 
will moderate price volatility in California markets," he said. 
By Bryan Lee, Dow Jones Newswires, 202-862-6647, bryan.lee@dowjones.com



Folder Name: Utilities, Electric: Retail Wheeling 
Relevance Score on Scale of 100: 49

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