On the recordJune 6, 2001
I can tell you as we walked around the community, and the gentleman from California (Mr. Filner) was certainly aware of this, it was almost as if all the businesses were dying. We have not got to that point yet, but people felt that way, that that could happen. A Washington Post-ABC poll just released Tuesday showed that 56 percent of the people across the country understand an electricity crisis should be cost-based. In California I would suspect that the percentage is even higher. People are not saying there should not be some profits, but that they should be cost-based. They should not be based on some market in the sky that is just a dream. But we keep hearing that the administration is saying that cost-based prices will not increase supplies or decrease demand. That has really been their mantra. They are just not listening. Californians, I think, have not been claiming that rational, cost-plus profit prices would address the growing energy supply needs of the western states, but they are saying that that kind of cost-based pricing is critical for today's problem, today, considering what is going on in the economy.
Source
govinfo.gov




