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Senate Rejects Electricity Measure in Bill
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| Contributor | RP |
| Last Edited | RP Jul 30, 2003 04:16pm |
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| Category | News |
| Media | Website - Yahoo News: Iran |
| News Date | Wednesday, July 30, 2003 06:00:00 AM UTC0:0 |
| Description | senators Wednesday narrowly rejected a provision that would have made illegal the unethical practices used by Enron and other marketers.
Sen. Maria Cantwell, D-Wash., during two hours on the Senate floor, catalogued in great detail the Enron manipulations, dubbed with such names as "Get Shorty" and "Fat Boy" and urged senators to make certain such practices are not repeated. They saddled consumers in her state and others in the West with huge, devastating electricity bills, she said.
"There's nothing in the bill that prevents Fat Boy from happening again," Cantwell maintained.
But senators rejected, 50-48, her amendment, which she said would have made it easier for consumers to get rate rebates if manipulative practices were discovered and would have made Enron-style market manipulation illegal under the Federal Power Act. |
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