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U.S. Energy Regulators Punish Calif. Price-Gougers

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U.S. Energy Regulators Punish Calif. Price-Gougers

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U.S. Energy Regulators Punish Calif. Price-Gougers

U.S. Energy Regulators Punish Calif. Price-Gougers

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  • <iframe src="https://www.npr.org/player/embed/1208621/1208622" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

The Federal Energy Regulatory Commission rules that Enron and five other companies engaged in widespread price-gouging in Western markets during California's energy crisis in 2000 and 2001. California is seeking $9 billion in refunds, but commissioners recommend a $3.3 billion refund. Cy Musiker reports.