Confined Space
News and Commentary on Workplace Health & Safety, Labor and Politics

Thursday, June 26, 2003


Keep The Stolen Loot, Just Try Not To Let It Happen Again

That apparently is what the Federal Energy Regulatory Commission is telling the nation's largest power companies as they "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. "

The reasoning?
The two commissioners who voted to sustain the contracts, Patrick Wood III and Nora Brownell, both appointees of President Bush, said the state had failed to meet a high standard of proof that would allow for such drastic action.

Mr. Wood said that voiding the contracts was not in the public interest and noted that California officials had said at the time the contracts were signed that they were good deals for the state.
Yeah, well if someone had a knife to my throat, saying "Your money or your life," I'd probably consider it a very "good deal" to give him my wallet. But that doesn't mean that the thief doesn't have to give it back when he's caught.

In addition, the Commission
found that while manipulation helped drive prices higher, the root cause of the crisis was the state's deeply flawed deregulation plan and a severe shortage of electricity. Taken together, the two factors made possible many of the abuses that later occurred, commission officials have said.
So if I accidentally leave my back door open and someone robs me, they don't have to return the loot when they get caught?

I remember when Republicans wanted to be known as the law and order party. That must have been back when they thought the sky would fall if we didn't balance the federal budget.



Go To My Main Page

Google Groups Subscribe to Confined Space
Email:
Browse Archives at groups.google.com




Google
Search WWW Search Confined Space

/div>

DISCLAIMER: The views expressed in this Blog are my own and do not, in any way, shape or form, reflect or represent the views or policies of my employer. Links to or from other websites of individuals or organizations do not constitute an endorsement of these views.
Looking for Confined Space Safety Information?
Click Here

Google
Search Web Search Confined Space

Greatest Hits


BP Texas City Explosion Stories

2006 Mine Disaster Stories

Popcorn Lung Stories

Speech on Receiving the APHA Lorin Kerr Award
by Jordan Barab, November 9, 2004


Acts of God, Acts of Man," by Jordan Barab, Working USA

Lies, Partisanship Caused Ergo Standard to Crumble, by Jordan Barab, Safety + Health, February 2002

A Week of Death, by Jordan Barab, Hazards, February 5, 2003

Archives


March 2003
April 2003
May 2003
June 2003
July 2003
August 2003
September 2003
October 2003
November 2003
December 2003
January 2004
February 2004
March 2004
April 2004
May 2004
June 2004
July 2004
August 2004
September 2004
October 2004
November 2004
December 2004
January 2005
February 2005
March 2005
April 2005
May 2005
June 2005
July 2005
August 2005
September 2005
October 2005
November 2005
December 2005
January 2006
February 2006
March 2006
April 2006
May 2006
June 2006
July 2006
August 2006
September 2006
October 2006
November 2006
December 2006
January 2007

Recent Posts



FINALIST

Koufax Award

For Best Single Issue Blog of 2003 and 2004