Another Obama Regulator Refuses To Regulate
Hardly anyone has heard of Cheryl LaFleur, but she is one of America’s most powerful government officials, entrusted with vast authority to oversee the electricity, oil and natural gas industries. She chairs the Federal Energy Regulatory Commission (FERC), a tiny government agency with only 1,500 employees. Its budget is covered not by taxpayers but by the industries it regulates.
Her sworn duties include making sure charges for electricity are always just and reasonable. That means suppliers should be reasonably compensated and customers should pay reasonable prices. But she has consistently ignored this responsibility. When presented with serial indicators of unjust prices, she puts on a blindfold and sits on her hands.
In a Feb. 18 letter to six senators and 13 representatives, LaFleur demonstrated beyond any doubt her fealty to electricity companies and disregard for consumers.