More on FERC Refunds

Today's Washington Post reports on an interview with FERC commissioners Wood
and Massey following yesterday's hearing before the Senate Governmental
Affairs Committee. According to the Post, each commissioner said they are
prepared to make "heavy refunds" because of overcharging in California. They
each said they agreed to give the parties a chance to work it out in the
upcoming settlement conference first. The Post article (which was on the
front page of the business section, perhaps an indication of the somewhat
diminished press coverage of the issue) mentioned Enron in a list of
companies "facing allegations of overcharges."

There are also news reports that Gov. Davis met with commissioners Wood and
Brownell while he was in town. The same reports say that Gov. Davis will
meet with commissioner Wood in California on Monday.