Monday, January 31, 2005
Today's Action Alert
She's not always on the side of justice and light, but Maria Cantwell has been consistently one of the strongest voices in the Senate on the issue of energy market manipulation of the sort that rocked California and Washington State. She's introduced a bill -- S.22, Electricity Needs Rules and Oversight Now (ENRON) -- that will amend the Federal Power Act to broaden prohibitions on so-called "round trip" trades. Round Tripping was one of the schemes that Enron used to jack up prices. Cantwell recently explained that schemes such as Round Tripping cost the West an estimated $35 billion in domestic economic product and a loss of 589,000 jobs.
Write a letter to the editor of your newpaper and explain that this country doesn't need any more Enrons. No energy traders should be allowed to engage in Round Tripping or other schemes designed just to jack up the price of an essential service such as electricity. S.22 ought to be passed this session.
Thanks for taking today's action.