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

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.

April 22, 2005 Read the second time and placed on the calendar