California Electricity Consumers Relief Act of 2001

Fact Sheet API

Bill Number

S 80

Introduced

Jan 22, 2001

Latest Action

Committee on Energy and Natural Resources. Hearings held. Hearings printed: S.Hrg. 107-49.

Sponsor

Cosponsors

Topics

Administrative procedure Administrative remedies Capital investments Commerce Consumer discounts Department of Energy Electric power transmission Electric utilities Electric utility rates Energy Federal Energy Regulatory Commission Finance and Financial Sector Fines (Penalties) Government Operations and Politics Independent regulatory commissions Interest Law Price discrimination Price policy Price regulation Rebates West (U.S.) Wholesale trade

Full Text

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Votes

Summary

California Electricity Consumers Relief Act of 2001 - Amends the Federal Power Act to direct the Federal Energy Regulatory Commission (FERC) to: (1) order a refund (with interest) of that portion of electricity rates or charges that FERC finds to be in excess of market-based rates that are just, reasonable, and neither unduly discriminatory nor preferential; and (2) issue an order establishing the maximum price for electricity sold at wholesale in the Western System Coordinating Council after June 1, 2000, if it determines that rates charged for wholesale sales of electricity are unjust and unreasonable under the Federal Power Act.

Prescribes guidelines governing: (1) FERC response to certain State petitions regarding such unjust rates; (2) FERC establishment of maximum electricity prices; (3) mandatory refunds of prices paid in excess of such maximum; and (4) civil penalties for violations of this Act.

Actions

Mar 15, 2001

Committee on Energy and Natural Resources. Hearings held. Hearings printed: S.Hrg. 107-49.
Jan 22, 2001

Read twice and referred to the Committee on Energy and Natural Resources.
Jan 22, 2001

Introduced in Senate

Amendments

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