[Weekly Compilation of Presidential Documents Volume 37, Number 20 (Monday, May 21, 2001)]
[Pages 754-755]
[Online from the Government Publishing Office, www.gpo.gov]

<R04>
Remarks Following a Cabinet Meeting and an Exchange With Reporters

May 16, 2001

National Energy Policy Development Group Report

    The President. Thank you all for coming. Today the Vice President 
and the National Energy Policy Development Group made their presentation 
to me and the Cabinet. This is an extensive report. It provides over 100 
proposals to diversify and increase the supply of energy, innovative 
proposals to encourage conservation, and ways to make sure that we get 
energy from producer to consumer.
    I am really pleased with the work the Vice President and his folks 
did. This is a very optimistic look at America. It's tough, in that it 
lays out the problems; it's a direct assessment of neglect. But this 
great Nation of ours, because of our technology, our attitude, our 
adherence to free enterprise, our willingness to conserve, we're going 
to solve this problem. And I'm looking forward to making my case to the 
American people tomorrow and throughout the years.
    While there are some--you know, we can't overcome the fact that we 
haven't built a refinery in years, and we should have. We can make 
sure--we can make sure that any entity will not illegally overcharge. 
And so I'm calling on the FTC to make sure that nobody in America gets 
illegally overcharged. And we're going to make sure FERC will monitor 
electricity suppliers to make sure that they charge rates that are fair 
and reasonable. The Attorney General and I will work with the FTC.
    But I'm upbeat about America, I truly am. I think this is a country 
that is going to show the rest of the world how to deal wisely with 
energy.
    Q. Mr. President, let me make it clearer. Are you calling on an FTC 
and FERC investigation, or are you plainly restating their obligations 
under the law already?
    The President. I am calling on the FTC to take appropriate action 
any time there is a complaint against illegal pricing.
    Q. Is there any evidence, to your mind, that there is illegal 
pricing now? Is there a reason for an investigation?
    The President. None whatsoever. But should somebody have a 
complaint, it is the appropriate role of the FTC to look into that 
complaint.
    Q. And you feel the same on FERC, sir? None whatsoever?
    The President. Yes, sir, I do.
    Q. Thank you.
    The President. Well, actually I say that--FERC has made an analysis 
and has actually rebated money back to people in the State of 
California; they have already acted on the notion of reasonable pricing. 
And we expect FERC to continue to do that, to be vigilant on behalf of 
the American consumer.
    Steve [Steve Holland, Reuters].

California Energy Shortage

    Q Sir, what can you say to Californians suffering through rolling 
blackouts? How does your plan help them in the short term?
    The President. My plan helps people in the short term and long term 
by recognizing the problem and by expediting energy development. And 
what we have done in the State of California is we've worked very 
closely with the Governor, to help the Governor permit plants necessary 
to increase the supply of energy in that big State.
    Administrator Whitman and myself and Secretary Abraham heard the 
call of Governor Davis. He said, ``Help us build plants in the State of 
California,'' and we did. And we expedited the construction of plants. 
And so the quicker supply gets on, the easier it's going to be for the 
consumers in the State of California. And we will continue to listen and 
work with the Governor of California. We're deeply concerned about the 
State of California, as we are with the rest of the Nation.
    But we haven't had an energy policy. Interestingly enough, this is 
the first comprehensive energy policy probably ever--certainly in a long 
time. And I appreciate so very much the hard work. I've told the people 
of America, if given the chance to be the

[[Page 755]]

President, we would address this problem, and we would address it in a 
comprehensive way.
    As I say, there are over 100 recommendations--over 100 proposals. 
And we're going to get after it. This isn't just a report that's going 
to gather dust; this is an action plan, because this is an action 
administration.

Energy Plan

    Q. Mr. President, how will your plan lead to lower prices at the gas 
pump now?
    The President. Pardon me?
    Q. How will it lead to lower prices at the gas pump now?
    The President. Because we recognize that we need more supply. And 
when you read the report, you'll see that we've laid out constructive 
ways to make sure that there are more supply available.
    I will tell you, there are some who advocate price controls. Price 
controls do not increase supply, nor do they affect demand. And this is 
an administration that will take a hard look at the problems. And we'll 
deal straightforward with the American people, with a plan that is 
optimistic--it is very hopeful. And it's the right thing to do. And I 
can't wait for the American people to hear the proposals.
    It talks about the ingenuity of America. Ours is a great Nation. 
Ours is a Nation that can lead the world in innovative conservation 
measures. And we provide incentives to do that. Ours is a Nation that 
can explore in technologically friendly ways, and we will show the world 
how to do so.
    But we also have got to recognize our infrastructure is old and 
stale, and so we've got innovative approaches to be able to move product 
from one part of the country to another, or natural gas, for example, 
from outside our borders to inside our borders. And so I look forward to 
good--folks taking a good look at this, because it makes eminent sense 
for the future of the country.
    Thank you all very much.

Note: The President spoke at 4:50 p.m. in the Cabinet Room at the White 
House. In his remarks, he referred to Gov. Gray Davis of California. A 
tape was not available for verification of the content of these remarks.