Editorial: Energy's squeaky wheel

As the saying goes, the squeaky wheel gets the grease. In US energy politics, the squeaky wheel is California. The grease? Nine billion dollars.The state's political leaders say electricity generators overcharged consumers by that much when California's hobbled energy market crashed against shortage. They want the Federal Energy Regulatory Commission to mandate a refund. Their claim is preposterous. But the politicians, led by Gov. Gray Davis, might as well make it. They have little to lose. By contrast, US energy consumers, including those in California, have much to lose if FERC gives the whiners their way.The commission absorbed responsibility for this decision when 15 days of ...

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