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Enron Mail |
URGENT
WASHINGTON (AP) Federal regulators voted Monday to order price restraints on electricity sales across the West but not the stringent cost-based controls sought by California. The 5-0 vote by the Federal Energy Regulatory Commission followed intense pressure not only from California Gov. Gray Davis and Democrats newly in charge of the Senate but also from House Republicans worried that spiraling power prices in the West could affect the 2002 election. FERC Chairman Curtis Hebert said the order, effective through September 2002, will benefit consumers but also will ``provide every incentive for suppliers to reduce costs.'' The order expands price restrictions the agency imposed in April on wholesale electricity sales in California during peak demand periods when blackouts were threatened. Sue Mara Enron Corp. Tel: (415) 782-7802 Fax:(415) 782-7854
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