June 27, 2003
Federal Energy Regulatory Commission Communications
The Office of Inspector General (OIG) conducted an inquiry concerning a telephone conference call allegedly held by Chairman Wood and Commissioner Brownell of the Federal Energy Regulatory Commission (Commission) with a number of Wall Street representatives. Senators Joseph Lieberman and Maria Cantwell asked the OIG to review this matter, citing media reports suggesting that Chairman Wood and Commissioner Brownell had discussed pending contract cases during the call. At issue in these cases is whether certain parties should be granted relief from multi-billion dollar power supply contracts executed during the Western energy crisis of 2000-2001.