The fix is in! Bush appointees in the FERC reject allowing California to renegotiate the energy contracts made with power sellers at the height of the manipulated energy "crisis". Bush wouldn't allow the Feds to investigate the fraud at the time (since proven in mountains of evidence) and now he's penalizing CA for having to pay the high rates. Why? Because he is out to undercut Gray Davis at every chance because he and his political thugs desperately want to turn the Democratic tide in the state. It's a major objective to win one for the "Gipper's" old state.





Federal Regulators Uphold California Energy Contracts
By RICHARD A. OPPEL Jr. NY TIMES

WASHINGTON, June 25 — Federal energy regulators today rejected a request by California to invalidate more than $12 billion in energy contracts signed at the height of the state's electricity crisis, even though they have determined that widespread manipulation helped drive prices higher...


http://www.nytimes.com/2003/06/26/politics/26FERC.html