Abrogate

Despite clear evidence of western spot power and gas market manipulation, FERC made no decision last week on whether billions of dollars in long-term western wholesale power contracts negotiated in 2000 and early 2001 should be scrapped or altered. The Commission vaguely indicated that the contracts would be upheld and sent back to a settlement judge, and that suggestion angered western senators, who said the Commission is not meeting its responsibility under the Federal Power Act.