Mirant executives on Friday said they were unable to meet a March 19 deadline to do so because of the broad scope of Lockyer's subpoena. We're accused of collusion. We vigorously deny the allegation. Then we're told to provide data that, if not kept protected, will let everyone in the market know what we're doing. The bonds are to be paid off by utility ratepayers through a portion of their monthly electric bills.
Lawmakers say they wrote the legislation to protect the state's interests.