Barbara Boxer: “Another private utility did the same thing to the tune of $5 billion. That is $9 billion these private utilities sent…”

“Another private utility did the same thing to the tune of $5 billion. That is $9 billion these private utilities sent out. In my opinion, this amendment sends a strong message to the utilities in my State: It is not right to ask for help and walk away from your obligations. This amendment helps 12 power companies in California, municipal companies. In the end, it will help consumers because the next time there is a crisis, power companies will not fear they will be left high and dry and they will be willing to assist us in the future. This amendment was not offered in anger; it was offered in fairness. I support it. I yield back the remainder of my time.”