Critics say new rules are needed at all times.
The Federal Energy Regulatory Commission, which regulates wholesale electricity rates, meets Wednesday. On the agenda is a staff proposal for handling the power shortages expected to afflict California this summer. But critics say the proposed price limits don't go far enough and should be in effect at all times, not just during emergencies. FERC has already concluded that some power generators are overcharging, and it set up a program to monitor rates and seek refunds. The commission has set a May 1 deadline to enact a relief plan for California, meaning it must decide soon or face another barrage of withering criticism for its seeming aloofness.