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108th CONGRESS
2d Session
S. 2015
To prohibit energy market manipulation.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
January 21, 2004
Ms. Cantwell (for herself, Mr. Feingold, and Mr. Jeffords) introduced
the following bill; which was read twice and referred to the Committee
on Energy and Natural Resources
_______________________________________________________________________
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''.
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