WASHINGTON, DC — California Governor Gray Davis told a U.S. Senate hearing that power companies have “bilked” his state out of billions of dollars in overcharges and he demanded $9 billion in refunds.
“It is unconscionable for the generators to profit from their egregious overcharges,” said Davis. The Federal Energy Regulatory Commission (FERC) “must move quickly to enforce the law and order the energy companies to give back the money.”