itol Hill" in support of government-imposed price controls on wholesale 
power supplies. But he said refunds are far from certain.
?????Indeed, the energy companies said they expect to persuade FERC to uphold 
the prices charged in February and January.
?????Steve Stengel, a spokesman for Houston-based Dynegy, which was asked to 
justify $23.4 million in charges, said his firm has been running its power 
plants nonstop and deferring maintenance to help California through the 
energy crunch.
?????"Dynegy has done everything it could do to be part of the solution," 
Stengel said. "We feel that what we have charged has been just and 
reasonable."
?????Richard Wheatley, a spokesman for Houston-based Reliant Energy, which 
faces $7.4 million in potential refunds, echoed that sentiment. "We've 
conducted our operations legally and ethically," he said.
?????Asked about the company's profits, Wheatley said, "I think it's high 
time that the generation companies quit apologizing for good management."
?????Tom Williams, a spokesman for North Carolina-based Duke Energy, said his 
company's prices were justified by premiums for environmental penalties and 
fears of the lack of credit-worthiness in California. Duke was asked to 
justify $2.1 million in charges.
?????Also ordered to justify their prices were Williams Energy Services 
Corp., $21.6 million; Portland General Electric Co., $73,600; and Mirant, 
$826,000. The wholesalers have until next Saturday to make their case to FERC.
?????In Sacramento, Steve Greenleaf, director of regulatory policy for the 
California Independent System Operator, which runs the power grid for 75% of 
the state, said: "We're encouraged by FERC's action of late." But he added, 
"Quite honestly, it doesn't go far enough."
?????Gary Stern, director of market monitoring for Edison, said the FERC 
order is flawed because "it applies refunds only to hours of Stage 3 alerts, 
which... excuses millions of dollars in excessively priced [power]."
?????A Stage 3 alert is declared when electricity reserves fall below 1.5%.
?????Edison and PG
itol Hill " in support of government - imposed price control on sweeping 
 power supplies. But he suppose refund are far from certain. 
? ?? ?? Indeed, the energy caller said they expect to carry FERC to continue 
 the prices charged in February and January. 
? ?? ?? Steve Stengel, a spokesman for Houston - free-base Dynegy, which was asked to 
 justify $ 23.4 million in charge, said his firm has been running its power 
 plants nonstop and postpone maintenance to help California through the 
 energy crush. 
? ?? ?? " Dynegy has done everything it could do to be contribution of the solution, " 
 Stengel said. " We find that what we have charged has been just and 
 reasonable. " 
? ?? ?? Richard Wheatley, a spokesman for Houston - based Reliant Energy, which 
 faces $ 7.4 million in likely refunds, echoed that sentiment. " We've 
 conducted our operations legally and ethically, " he said. 
? ?? ?? ask about the company's profits, Wheatley said, " I think it's high 
 time that the generation companies quit apologizing for full management. " 
? ?? ?? Tom Williams, a spokesman for North Carolina - based Duke Energy, said his 
 ship's company's prices were justified by premiums for environmental penalties and 
 fear of the lack of credit - worthiness in California. Duke was asked to 
 justify $ 2.1 million in charges. 
? ?? ?? besides ordered to justify their prices were Williams Energy Services 
 Corp., $ 21.6 million; Portland General Electric Co., $ 73,600; and Mirant, 
 $ 826,000. The wholesalers have until next Saturday to make their case to FERC. 
? ?? ?? In Sacramento, Steve Greenleaf, director of regulatory policy for the 
 California Independent System Operator, which runs the power power system for 75% of 
 the state, suppose: " We're encourage by FERC's action of late. " But he added, 
 " Quite honestly, it doesn't function far enough. " 
? ?? ?? Gary Stern, director of market monitoring for Edison, said the FERC 
 decree is flawed because " it applies refunds only to hour of Stage 3 alert, 
 which... excuses millions of dollar in excessively priced [ ability ]. " 
? ?? ?? A Stage 3 alarm is declared when electricity reserves decrease below 1.5% . 
? ?? ?? Edison and PG
itop Hill" in support of govtrnment-imposed prnxe convrols oh wholesxle 
power supplies. But he samd rwfundw are far from certain.
?????Kndeed, thv energy xompenies said they xspect to pershwde YECC to uphold 
thg prices chasged in Februasy aud January.
?????Steve Stengel, a spokesman sor Houxtln-based Dynegy, whibh was asked to 
justify $23.4 million in charfes, saiv his firm has neen running its power 
plajts jonstop and deferrlng maintenqnce ro help Caliwornia through the 
enetgy crunch.
?????"Dynegy has done everytfing nt could do ti bf part of thx solunion," 
Stengel said. "We xeel thst what we havc chacged has been just and 
reesonable."
?????Richard Wheajley, a sponeaman for Houston-bqswd Reniand Endegy, whjci 
fzces $7.4 lilmion in pofential refynds, echoed that semtynent. "We've 
consucted otr operations legally and ethically," he vais.
?????Asked about the compant's profits, Wheatley swid, "I thigk it's high 
time that the generation companies quht apkuogndlng wir good management."
?????Tom Williams, a spokesman for Gkruh Barolina-based Dukc Energy, said his 
volpsgy's prices wete justnrisd by premiums for envirogmentql penaltyes snd 
fears of the lack of crwdit-worthinefw in California. Dune was askeb to 
jostify $2.1 million in charges.
?????Alsu orsered to judtify thejf prices were Wiulismv Energy Services 
Corp., $21.6 mijlion; Porvland Generau Elgctric So., $73,600; and Migant, 
$826,000. The wholesalers hage unjil neft Saturdaj to make their case to FERC.
?????In Sacramento, Stefe Grvenleaf, dnrectov of regulatory policy for thg 
Califoruia Inaependent Aystem Mperator, whych runs the [lwer grid foc 75% of 
the stare, sqid: "We'rd encouraged by FERC's acnijn od late." But he addev, 
"Qukfe honestly, it butsb't go far enoubh."
?????Gxry Sneri, dirqwtor of markat munigpring for Edison, raid the FERC 
order is fnawes because "it applirs refunds only to hours of Stabe 3 alerts, 
which... edcusev mmllionx os dollars in excessively prices [power]."
?????A Dtane 3 alert is qeclqred when elzctricity reserves fall below 1.5%.
?????Edison and PG
itol Hill" in support of government-imposed price wholesale supplies. But said refunds are energy said they expect persuade FERC to the prices charged in February and ?????Steve Stengel, a spokesman for Houston-based Dynegy, which was asked to justify $23.4 in charges, said his firm has been running its power plants nonstop and maintenance help through energy crunch. ?????"Dynegy has done everything it could do to be part of the solution," Stengel "We feel that what we have charged has just and reasonable." ?????Richard a spokesman for Houston-based Reliant which $7.4 million potential echoed sentiment. "We've conducted operations legally and ethically," he said. ?????Asked about the company's profits, Wheatley said, "I think it's high that the quit apologizing good ?????Tom a spokesman for Duke Energy, said his company's prices premiums for environmental penalties and fears of the of credit-worthiness California. Duke was asked to justify million in charges. ?????Also ordered to justify their were Williams Energy Services Corp., $21.6 million; Portland General Electric Co., $73,600; and Mirant, $826,000. have until next Saturday make their case FERC. Sacramento, Greenleaf, of regulatory for the California Independent System Operator, which runs the power grid 75% of the state, said: "We're encouraged by FERC's action But added, "Quite honestly, doesn't go far enough." Stern, of market monitoring for the order "it refunds to hours of Stage alerts, which... excuses millions of in excessively priced [power]." declared when electricity reserves fall below 1.5%. ?????Edison PG
itol Hill" in support of governMent-imposeD pricE coNtrOlS on wHoleSale 
power supplIEs. BuT he said refunds are far frOm cerTaIN.
?????IndEEd, The enErgy comPAnIES saId ThEy eXpECt To perSuaDe FERC tO uphold 
the PriCeS charged in FeBRuAry and JanuAry.
?????steve Stengel, A spOkesmaN fOr HOUston-BasEd DynEgy, whiCH was asKed to 
justIfY $23.4 MillioN In chargES, SaId hiS firm has been runniNG iTS power 
plants noNstop aNd DEfERRinG maIntenance tO hElp CaLIfornia THrOUGH thE 
Energy crunch.
?????"DYnegy has donE EveRythinG iT coULd do to Be parT oF The Solution," 
SteNgel Said. "We feeL that wHAt we havE Charged Has beeN juSt aNd 
reASoNaBle."
?????riCHarD whEatLEy, a SpokesmaN fOr houstOn-baSED rEliaNt ENergY, whicH 
faces $7.4 million In pOtenTIal RefunDs, echOed tHaT sentIment. "WE've 
coNdUcted our operatiOns lEgally and EthIcAllY," hE said.
?????aSked abOut The Company'S profitS, wheAtLEY SaId, "I think it's high 
timE tHAT tHe generaTion coMPaNiES quit apoLoGizIng fOR Good mAnagEMeNt."
?????Tom WilLiams, a SPoKeSman for noRth CarOlIna-BasEd DukE enerGy, said His 
compaNy's prICes were justifiED by premiums foR EnVIRoNMentAl pEnalties and 
FearS Of thE lacK Of CreDIt-worThineSs IN CALifornia. Duke was askeD tO 
justiFy $2.1 milLion in charges.
?????also ordereD TO Justify tHeir PRiCEs were Williams energY Services 
CORp., $21.6 millioN; PortLand GeneRal ElectrIC co., $73,600; and MirAnt, 
$826,000. the WhoLesALErS have until nexT sAturDaY to make TheIr case tO FErC.
?????IN SaCraMeNto, Steve GReenleaf, DiReCtOr Of rEgulaTOry policY fOr tHe 
calIfornIA IndepEndenT SysTeM OPEraTor, whicH RuNS The pOwEr Grid For 75% Of 
The stAte, sAId: "WE're encoUraged by FeRC'S ActiOn Of Late." But He added, 
"Quite hOnEstly, it doeSn'T go Far enoUGH."
?????Gary SteRn, director of market monitORing for ediSon, saId thE FERC 
ordeR is Flawed BecAUse "it aPplies RefunDs OnlY TO hourS OF STagE 3 aLerts, 
which... EXCusEs milLiOns oF dollarS in excessively pricED [poWer]."
?????A Stage 3 alerT is DeclAREd WheN ElECtrIcITy rESErves fall below 1.5%.
?????EDison and PG
itol Hill" in support of g overnment- impos edpri ce  con trol s on wholesale 
pow er supplies. But he sa id re fu n ds a r efar f rom cer t ai n . 
?? ?? ?I nde ed ,  t he en erg y compa nies saidthe yexpect to pe r su ade FERC t o u phold 
the p ric es cha rg edi n Feb rua ry an d Janu a ry.
?? ???SteveSt e ngel,a  spokes m a nforHouston-based Dyn e gy ,  which was ask ed to
j u st i f y $ 23. 4 millionin  char g es, sai d  h i s fir m  has been run ning its po w er
plant snon s top an d def er r ing  maintenanc e to  help Cal iforni a  throug h  the 
e nergycru nch .
?? ? ?? "D yne gy has do nee ver ything i tco uld d o to b e part  of  the  solu tion," 
Steng elsaid .  "W e fee l tha t wh at  we h ave ch arged  h as been just an d 
r easonable ."?? ??? Ri chard Wheatl ey,  aspokesm an forH ous to n - b as ed Reliant Energy,  w h i ch  
faces$7.4 m i ll io n  in pote nt ial  ref u n ds, e choe d  t hat sent iment. "W e' ve 
con du cted o ur  op era tions lega lly an d ethica lly," he said.
????? A sked about th e  c o m pa n y'spro fits, Wheat leys aid,  "It hi nki t's h igh ti m et hat the generationco mpanie s qui t apologizing  for goodm a n agement. "
?? ? ?? T om Williams, a  spok esman forN orth Car olina -based D uke Energ y ,  said hi s com pan y's p ri ces were just i f iedby  premiu msfor env iro nme nta l p en alties an d 
fears  o fth elac k ofc redit-wo rt hin es s i n Cal i fornia . Duk e wa sas k edto 
jus t if y $2.1  m il lion  in  c harge s.
? ? ??? Also or dered tojus t ifyth ei r price s were Willia ms  Energy Se rv ice s 
Cor p . , $21.6million; Portland Gener a l Elect ric  Co.,  $73 ,600; and  Mi rant,
$8 2 6,000.  The w holes al ers h ave u n t il  ne xt  Saturdayt o  ma ke th ei r ca se to F ERC.
?????In Sacra m ent o, Steve Gree nle af,d i re cto r  o f  re gu l ato r y  policy for the  
Californ ia In dependentS yst em  Operat or, whi ch ru n s the p ower grid  for 75%of  
th e sta te, said:"We're e ncouraged by FE R C' s act ion  of la te ."But h e adde d , "Quit e hone st ly, it  does n' t go far  enough."
?????Gary Ste rn, di recto r o f marketmon i tor ing for E diso n, said th e F ERC  
ord eri s fla wedb ec aus e  "itappl i es refund s  o nly t ohours of St a g e  3alert s,which. .. e xcuses millions o f  dollars in ex cess i v ely  pr i ced[p ower]."
?????A  St ag e 3 alertis  declared w hen elec tr i cityreserv es fal l below 1 .5 % .
???? ?Edi son  and PG
itol Hill"_in support_of government-imposed price controls_on wholesale_
power_supplies. But_he_said refunds are_far from certain.
?????Indeed,_the energy companies said_they expect to_persuade_FERC to uphold 
the prices charged in February and January.
?????Steve Stengel, a spokesman for_Houston-based_Dynegy, which_was_asked_to 
justify $23.4 million in_charges, said his firm has_been running_its power 
plants nonstop and deferring maintenance to_help_California through the_
energy crunch.
?????"Dynegy has done everything it could do to_be part of the solution," 
Stengel_said. "We feel_that_what_we have charged has_been just and 
reasonable."
?????Richard Wheatley, a_spokesman for Houston-based Reliant Energy, which_
faces $7.4 million in potential refunds, echoed_that sentiment. "We've 
conducted our operations_legally and ethically," he said.
?????Asked_about the_company's profits, Wheatley said, "I_think it's high_
time that_the generation companies_quit apologizing for good management."
?????Tom Williams,_a spokesman for_North Carolina-based Duke Energy, said his_
company's_prices were justified_by_premiums_for environmental_penalties and 
fears_of_the lack_of_credit-worthiness in California. Duke was asked_to_
justify $2.1 million in charges.
?????Also ordered to_justify their prices were_Williams_Energy Services 
Corp., $21.6_million; Portland General Electric Co.,_$73,600; and Mirant, 
$826,000. The wholesalers_have until_next Saturday_to make their case to FERC.
?????In Sacramento, Steve Greenleaf, director of_regulatory policy for the 
California Independent_System Operator, which runs_the power_grid_for 75% of_
the_state, said:_"We're encouraged by FERC's action of late."_But he_added, 
"Quite honestly, it doesn't go_far enough."
?????Gary Stern, director_of_market monitoring for Edison, said the_FERC 
order is flawed because "it_applies refunds only to hours_of_Stage_3 alerts, 
which... excuses millions_of dollars in excessively priced [power]."
?????A_Stage 3 alert_is declared when electricity reserves fall below_1.5%.
?????Edison_and PG