[Congressional Record Volume 146, Number 107 (Wednesday, September 13, 2000)]
[House]
[Page H7506]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
ELECTRICITY CRISIS IN SAN DIEGO
(Mr. FILNER asked and was given permission to address the House for 1
minute.)
Mr. FILNER. Mr. Speaker, I just returned from San Diego where earlier
this week hearings were held by the Committee on Commerce Subcommittee
on Power and Energy yesterday by the Federal Energy Regulatory
Commission on the electricity crisis that is facing San Diego where, in
the last 2 or 3 months, prices have doubled and tripled for the average
consumer, people have gone out of business not able to pay their bills,
a tremendous drain on our economy threatening recession for our whole
area.
It became clear in those hearings that this crisis was not brought
about by any problem with the supply and demand, as some people
charged, but was pure manipulation of the market by a few profit hungry
power merchants who provide and generate the electricity for the
western market.
Three hundred fifty million dollars was sucked out of the San Diego
economy in the last 3 months, $2 billion out of the California economy.
I have legislation, Mr. Speaker, to make sure that the victims of
this incredible price gouging disaster are not the consumers and small
business people of California but those who have made the ill-gotten
gains.
Please pass H.R. 5131 to help San Diego.
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