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Enron Mail |
---------------------- Forwarded by Carla Hoffman/PDX/ECT on 08/24/2000 07:50
AM --------------------------- Enron Capital & Trade Resources Corp. From: "Pergher, Gunther" <Gunther.Pergher@dowjones.com< 08/24/2000 07:13 AM To: "Golden, Mark" <Mark.Golden@dowjones.com< cc: (bcc: Carla Hoffman/PDX/ECT) Subject: DJ US Sen. Feinstein Urges Cap For Western US Power Market 14:05 GMT 24 August 2000 DJ US Sen. Feinstein Urges Cap For Western US Power Market NEW YORK (Dow Jones)--U.S. Senator Diane Feinstein, D-Calif., on Wednesday urged the Federal Energy Regulatory Commission to place a regionwide cap on wholesale electricity rates for the western United States. To date, a price cap of $250 per megawatt-hour has been placed only on California's power market. A regional cap is necessary to avoid "electricity bidding wars" between western states during power shortages that could result in blackouts in California, Feinstein said. "As is clearly evident, the energy market in San Diego is not functioning, at this time, as a true market," Feinstein said in a letter to FERC Chairman James J. Hoecker. "The lack of energy generation has produced a dramatic increase in electricity prices with many families and businesses facing energy bills two or three times higher than normal and has led to the possibility of wholesale price gouging." Feinstein also supported President Clinton's use Wednesday of $2.6 million in emergency energy assistance funds for low income households, and special credit programs for small businesses. -By James Covert, Dow Jones Newswires; 201-938-2061; james.covert@dowjones.com Copyright © 2000, Dow Jones & Company Inc G_nther A. Pergher Senior Analyst Dow Jones & Company Inc. Tel. 609.520.7067 Fax. 609.452.3531 The information transmitted is intended only for the person or entity to which it is addressed and may contain confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient is prohibited. If you received this in error, please contact the sender and delete the material from any computer. <<Gunther Pergher (E-mail).vcf<< - Gunther Pergher (E-mail).vcf
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