Barbara Boxer: “I have maybe some differing views with her on the final way to solve it, but I absolutely agree with her, at this time…”

“I have maybe some differing views with her on the final way to solve it, but I absolutely agree with her, at this time what is most important is to stabilize the market for the short-term. I compliment her on putting together the chart showing us the real facts; that we are going to be short electricity in the summer months. I do believe--and I am optimistic; we already see signs of this--that California is going to come out of this. Again, we don't know exactly if it is going to be a more regulated system. We don't know whether it will continue to be a hybrid system or a full deregulation, which I don't think will happen. The fact is, we have a real short-term problem. I implore my colleagues, particularly those from the western States who are starting to see this problem spread to their area, to take a look at this idea of a temporary cap on these wholesale prices.”