Bush's Energy Bill Costs California $1 Billion
Sept 7, 2005
Government-run utilities that overcharged California during the state's energy crisis will not have to pay refunds the state estimates at nearly $1 billion, a federal appeals court ruled Tuesday.
The court said the language of the Federal Power Act was clear in excluding governmental agencies from FERC's refund authority. That language was changed in the massive energy bill signed by President Bush in August, FERC spokesman Bryan Lee said.
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