[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[S. 870 Placed on Calendar Senate (PCS)]






                                                        Calendar No. 87
109th CONGRESS
  1st Session
                                 S. 870

                To prohibit energy market manipulation.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             April 21, 2005

 Ms. Cantwell introduced the following bill; which was read the first 
                                  time

                             April 22, 2005

            Read the second time and placed on the calendar

_______________________________________________________________________

                                 A BILL


 
                To prohibit energy market manipulation.

    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 Needs Rules and 
Oversight Now (ENRON) Act''.

SEC. 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:

``SEC. 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''.
                                                        Calendar No. 87

109th CONGRESS

  1st Session

                                 S. 870

_______________________________________________________________________

                                 A BILL

                To prohibit energy market manipulation.

_______________________________________________________________________

                             April 22, 2005

            Read the second time and placed on the calendar