California bill would criminalize energy curtailment

07/23/2001
A proposed bill making it a felony for natural gas or electric power producers to curtail production or to sell energy "at prices above marginal cost" is now before California legislators.On July 11, that legislation, authored by Assemblyman Dennis Cardoza (D-Merced) was sent to the California Assem- bly on a primarily Democratic Party line vote of 11-5 by the Assembly Appropria- tions Committee, with only two Demo- crats voting against it.The proposed legislation calls for a prison term of 16 months to 3 years and a fine of up to 10% of gross corporate assets for "any act that creates a shortage of fuel with the intent to raise fuel prices or materially adversely affect competition" in C...
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