california ferc update 7 25 01 ferc meeting highlights responding largely recommendation al jude curtis wagner ferc ordered following regarding california refund matter order expected issued draft form published final form within next couple days refunds additional evidentiary hearings 45 days determine refunds 15 days parties submit data followed 30 days hearings pricing refunds ordered spot market transactions california october 2 2000 june 20 2001 reference price refunds determined methodology ferc set 6 19 order one change cost generation based part daily spot price natural gas monthly spot price called 6 19 order additionally ferc ordering jurisdictional utilities non jurisdictional entities e public power groups los angeles dept water power make refunds parallel hearing ordered determine whether refunds due power sales pacific northwest commission members said would flexible defining spot power sales pacific northwest