Responding to repeated accusations that power generation companies are manipulating supplies to increase prices, FERC chairman Curt Hebert insisted his agency is vigilantly monitoring the market for any signs of wrongdoing. If he finds any signs that consumers have been overcharged, he promised, they will receive immediate rebates. But ultimately, he argued, increasing supply by constructing new power plants is the only long-term solution. California has 12 plants in various stages of planning or actual construction. Three are expected to be online by mid to late summer, according to Gov. Gray Dais' office.
Someone needs to start putting shovels in the ground.
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