[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[S. 2633 Placed on Calendar Senate (PCS)]






                                                       Calendar No. 625
108th CONGRESS
  2d Session
                                S. 2633

   To amend the Federal Power Act to provide refunds for unjust and 
  unreasonable charges on electric energy in the State of California.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                              July 8, 2004

Mrs. Boxer introduced the following bill; which was read the first time

                              July 9, 2004

            Read the second time and placed on the calendar

_______________________________________________________________________

                                 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.''.




                                                       Calendar No. 625

108th CONGRESS

  2d Session

                                S. 2633

_______________________________________________________________________

                                 A BILL

   To amend the Federal Power Act to provide refunds for unjust and 
  unreasonable charges on electric energy in the State of California.

_______________________________________________________________________

                              July 9, 2004

            Read the second time and placed on the calendar