S.2633 - Electricity Gouging Refund Act of 2003108th Congress (2003-2004)
|Sponsor:||Sen. Boxer, Barbara [D-CA] (Introduced 07/08/2004)|
|Latest Action:||Senate - 07/09/2004 Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 625. (All Actions)|
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Summary: S.2633 — 108th Congress (2003-2004)All Information (Except Text)
Introduced in Senate (07/08/2004)
Electricity Gouging Refund Act of 2003 - Amends the Federal Power Act to instruct the Federal Energy Regulatory Commission to order a refund (including interest) for that portion of charges on the transmission or sale of electric energy between June 1, 2000, and June 19, 2001, which the Commission finds unjust and unreasonable.
States that the total amount of such refunds shall be not less than $8.9 billion.
Directs the Commission to 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.