Energy And Water Development Appropriations Act, 2005
Mr. Chairman, crimes were committed, and we are simply asking for restitution. At this point, 10 Enron executives have pled guilty, 19 others have been charged, and we are waiting for the charges against Ken Lay, the President's single…
Mr. Chairman, crimes were committed, and we are simply asking for restitution. At this point, 10 Enron executives have pled guilty, 19 others have been charged, and we are waiting for the charges against Ken Lay, the President's single greatest lifetime contributor, which have not yet come forward.
During the crisis, Vice President Cheney said the basic problem in California was caused by Californians. He
basically said the ratepayers in Oregon, Washington, and Northern California were at fault. I was in a meeting where he said this was nothing but market forces at work. Of course it has now been proven that Enron manipulated the markets. They manipulated the markets on 473 of 537 days of crisis. People in Oregon and the Pacific Northwest and California are paying a great amount more for their electricity today, generated by the same plants, by many of the same companies, transmitted over the same lines because of the market manipulation by Enron.
Plain and simple, we want justice. Justice means we should have restitution. That is being denied by the Republican majority. It is being denied by the President's Republican-dominated Federal Energy Regulatory Commission. It is being denied by the Republican-led Congress.
But at least here with this amendment, what we will get is some of the information that our utilities could use that is being closely held by the Federal Energy Regulatory Commission under the pretense that they might someday take some action with this to prove that the rates were not just and reasonable and to pursue civil remedies. If the Bush administration will not act in the public interest, will not protect consumers, if the Federal Energy Regulatory Commission will not act in the public interest and protect consumers, then at least the consumers and their utilities can take action on behalf of themselves. But they need this information.
This amendment will make that information available to the public. Some of it, I am sure, will be obscene and as appalling as the tapes we have had so far from Enron where they talk about putting it to the consumers day in and day out and laugh about it, but the acceptance of this amendment will move us down that path even if they will not take positive action to help people.
Madam Chairman, there is a simple fact here: crimes were committed. At this point, 10 Enron executives have gone to jail. They defrauded the ratepaying public, the businesses, the homeowners, the factories of the Western United States, and illegally extorted money from them by manipulating the market.
Now, there is a lot of reconstructive history going on here today. The Clinton administration did impose price caps, actually. It was the Federal Energy Regulatory Commission, led by Pat Wood of Texas, under the leadership of George Bush of Texas and Dick Cheney of Texas, now Wyoming, who refused to take any action, said that these were merely market forces at work. Dick Cheney said at a meeting that I was in that unless we built one 500-megawatt plant a week for the next 15 years, this would continue.
Well, of course, he was pretty famously wrong. It was market manipulation. People have now gone to jail. We have crimes.
But what we do not have is restitution. The law must be changed. Even if the Bush appointee leading the Federal Energy Regulatory Commission, from Texas, wants to give refunds to ratepayers in the Western United States, he has said he does not have that authority.
We have asked simply for a vote to give him that authority. We do not have to mandate. If he is going to do his job, just give him the authority and let him go to work and give that money back to the people in the Western United States. It was stolen from them.
Earlier we talked about put this behind us. The gentleman talked about putting it behind us. It is history. Well, you really cannot put a crime behind you when you have not had restitution, and we have not had our restitution. In fact, we are still paying more for our electricity today, day in, day out.
Nothing is more detrimental to the economic recovery of the Pacific Northwest than the fact that we are still paying more than we should for our electricity because it was stolen from us by the Enron Corporation, based in Texas, and no relief has been granted by the Federal Energy Regulatory Commission, led by Pat Wood of Texas, who was recommended for that job by Ken Lay of Enron, who still has not gone to jail and who was factually before this campaign the single largest lifetime contributor to George Bush, the President of the United States.
This stinks.