II 109th CONGRESS 1st Session S. 33 IN THE SENATE OF THE UNITED STATES January 24, 2005 Ms. Cantwell (for herself, Mr. Bingaman, Mrs. Feinstein, Mrs. Murray, and Mr. Feingold) introduced the following bill; which was read twice and referred to the Committee on Energy and Natural Resources A BILL To prohibit energy market manipulation.

1.

Short title

This Act may be cited as the Electricity Needs Rules and Oversight Now (ENRON) Act.

2.

Prohibition of energy market manipulation

(a)

Prohibition

Part II of the Federal Power Act (16 U.S.C. 824 et seq.) is amended by adding at the end the following:

215.

Prohibition of market manipulation

It shall be unlawful for any person, directly or indirectly, to use or employ, in connection with the purchase or sale of electric energy or the purchase or sale of transmission services subject to the jurisdiction of the Commission, any manipulative or deceptive device or contrivance in contravention of such regulations as the Commission may promulgate as appropriate in the public interest or for the protection of electric ratepayers.

. (b)

Rates resulting from market manipulation

Section 205(a) of the Federal Power Act (16 U.S.C. 824d(a)) is amended by inserting after not just and reasonable the following: or that result from a manipulative or deceptive device or contrivance.