Anna Eshoo: “I rise in obvious support of this amendment. To the rest of the country, I want to say this evening that California…”

“I rise in obvious support of this amendment. To the rest of the country, I want to say this evening that California really feels what is being placed on her shoulders in terms of the burdens. We had a piece of legislation that has caused us more than a migraine headache. But here in the Congress, the only place that can address price, that is why we raise our voices. This is not a price cap. You can say it until the cows come home that it is, but it is not. For those that have served 10 years, 20 years, 30 years, 40 years, 50 years in the Congress, where were you objecting to what is an 85-year-old tradition in terms of cost-of-service base for the rates in our country? You were nowhere. You are not there to help us with refunds, you are not there to help with price relief, and you are not there in terms of environmental issues. That is why we get up tonight and we say all over again that Californians should have cost-of-service-based rates. We do not trust the FERC because they have been on a sit-down strike. This market, as the FERC has acknowledged, is dysfunctional. It is not working.”