[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[S. 723 Introduced in Senate (IS)]
108th CONGRESS
1st Session
S. 723
To amend the Federal Power Act to provide refunds for unjust and
unreasonable charges on electric energy in the State of California.
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IN THE SENATE OF THE UNITED STATES
March 26, 2003
Mrs. Boxer introduced the following bill; which was read twice and
referred to the Committee on Energy and Natural ResourcesYYYYYY
_______________________________________________________________________
A BILL
To amend the Federal Power Act to provide refunds for unjust and
unreasonable charges on electric energy in the State of California.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Electricity Gouging Refund Act of
2003''.
SEC. 2. REFUNDS FOR EXCESSIVE CHARGES.
Section 206 of the Federal Power Act (16 U.S.C 824e) is amended by
adding at the end the following:
``(e) Refunds for Excessive Charges.--
``(1) In general.--
``(A) Refunds.--Notwithstanding any other provision
of this section, not later than 60 days after the date
of enactment of this subsection, the Commission shall
issue an order requiring a refund of the portion of
charges on the transmission or sale of electric energy
that are or have been found by the Commission to be
unjust or unreasonable.
``(B) Interest.--A refund under subparagraph (A)
shall include interest from the date on which the
charges were paid.
``(C) Amount.--The total amount of refunds ordered
under subparagraph (A) shall be not less than
$8,900,000,000.
``(2) Applicability.--Paragraph (1) applies to charges for
electric energy transmitted or sold during the period beginning
on June 1, 2000, and ending on June 19, 2001.
``(f) Renegotiation of Contracts.--Not later than 30 days after the
date of enactment of this subsection, the Commission shall order the
renegotiation of the long-term electricity contracts entered into
between the energy companies and the State of California between
January 1 and May 31, 2001.''.
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