Well, FERC did. Same thing. Bastards.
Steve Maviglio, a spokesman for the governor, said the deal will now be re- evaluated in light of the new revelations. He called the contents of the FERC documents "very serious."
Equally serious is why federal regulators sat on this information for so long. Williams said it made the contents of its tapes available to investigators more than a year ago.
The PUC's Wood, for one, is at a loss to understand why the tapes were kept secret month after month, even as California officials repeatedly charged that power companies were colluding to make off with billions in ratepayer cash.
"It's pretty outrageous that the FERC had this information for such a long time and hasn't released it," Wood said. "It really makes you wonder about the good faith of FERC in pursuing these matters."
The commission came under heavy fire in a Senate report last week that all but accused federal regulators of fiddling while California burned. In response, FERC Chairman Patrick Wood said his people got the message.
"Participants in the energy market know that we are serious now," he told the Senate Governmental Affairs Committee.
Better late than never.
