A new cop on the beat?

The Federal Energy Regulatory Commission has been severely criticised for its actions – or lack of them – during California’s disastrous attempt at deregulation. It is now hitting back at the energy industry. Kevin Foster reports

At the Federal Energy Regulatory Commission’s regular commission meeting on July 17, Ferc officials ordered an Enron-owned natural gas pipeline company to pay refunds to firms that had used its network to transport fuel during the energy crisis in California. Ferc accused Transwestern Pipeline of charging companies rates in excess of its regulated tariff, and gave the company 30 days to pay refunds.

The action might seem unremarkable, were it not for the amount of the alleged overcharging and

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