I got this from Fownews at [url]http://www.foxnews.com/story/0,2933,27542,00.html[/url], personnaly I think we should let California worry about this themselves, and I live here!!

sgtar15

[b]The Federal Energy Regulatory Commission (FERC) voted 5-0 Monday to expand price limits beyond those already in place during power emergencies.  


"It's time to stop blaming and start solving problems" as ten Western states, including California, now face round-the-clock limits on wholesale electricity prices regardles of fluctuations in the volatile spot market, said FERC Chariman Curt Hebert.

The rule says that once electrical reserves fall below 7.5% — a tightening of supply that might normally prompt a price spike — a price limit is put in place.

President Bush appeared to support the new FERC action, though he took pains to define his support in a way that draws a distinction with his views on price caps which he has publicly opposed for six months[/b]