To require the Federal Energy Regulatory Commission to complete its investigation and order refunds on the unjust and unreasonable rates charged to California during the 2000-2001 electricity crisis.

1. Inserts new text wherever appropriate

   Inserts

   Inserted: Amendment to be proposed by Mrs. Boxer.

   Inserted: SEC. . FINAL ACTION ON REFUNDS FOR EXCESSIVE CHARGES.

   Inserted: (a) Findings.--Congress finds that--

   Inserted: (1) The state of California experienced an energy crisis;

   Inserted: (2) FERC issued an order requiring a refund of the portion of charges on the sale of electric energy that was unjust or unreasonable during that crisis;

   Inserted: (3) As of the date of enactment of this act, none of the refunds ordered to date have been received by the state of California; and

   Inserted: (4) the Commission has ruled that the state of California is entitled to approximately $3 billion in refunds; the state of California maintains that that $8.9 billion in refunds is owed.

   Inserted: (b) FERC shall--

   Inserted: (1) seek to conclude its investigation into the unjust or unreasonable charges incurred by California during the 2000-2001 electricity crisis as soon as possible;

   Inserted: (2) seek to ensure that refunds the Commission determines are owed to the State of California are paid to the state of California; and

   Inserted: (3) submit to Congress a report by December 31, 2005 describing the actions taken by the Commission to date under this section and timetables for further actions.

   The amendment doesn't say where this goes; the clerk decides.

   Original wording

   At the appropriate place, insert the following:

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As printed