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PAUL: A staggering abuse of power - Washington Times

Enlarge Photo Sen. Rand Paul, Kentucky Republican, speaks at the Conservative Political Action Conference ... more�> Related Stories Tea party groups join with GOP in IRS protest on Hill Story Topics Politics White House Hillary Rodham Clinton Internal Revenue Service Tea Party Follow Us On Facebook Question of the Day Will the mainstream media be able to bury the IRS scandal? When I filibustered over domestic drone use, critics said that I was being ridiculous. They said that no American had been killed by a drone on American soil and that no one was likely to be anytime soon. President Obama responded that he hadn't killed anyone yet and didn't intend to '� but he might. That wasn't the point. The filibuster was about the limits of power. It was about how much authority the president imagined he had. Lincoln wrote that nearly any man can stand adversity, but if you want to test a man, give him power. SEE RELATED: Tea party groups join with GOP in IRS prot...

RPT-US investigators say JPMorgan "manipulated" power trading-NYT - Reuters

Fri May 3, 2013 12:31am EDT May 3 (Reuters) - U.S. government investigators have found that JPMorgan Chase & Co had manipulated trading in the California and Michigan electricity markets, the New York Times reported. The newspaper said it had reviewed a confidential, 70-page government document that was sent to JPMorgan in March and which also took aim at Blythe Masters, the bank's current head of global commodities and former chief financial officer. The New York Times, citing the document, said investigators from the Federal Energy Regulatory Commission (FERC) had found that JPMorgan devised "manipulative schemes" that transformed "money-losing power plants into powerful profit centers". The regulatory document also says Masters had "falsely" denied under oath her awareness of schemes carried out by a group of energy traders in Houston, the newspaper said, without elaborating. It was not immediately clear whether the FERC will take acti...

Storms briefly leave thousands without power - Houston Chronicle

Saturday's storms left about 128,000 residents without power and more than 150 motorists needing rescues from the Houston Fire Department. "People just drive off into it and they don't realize how deep it is and the car stalls," said HFD spokesman Jay Evans. Evans said the department dispatched dump trucks to south Houston, where the storms were most severe, in case neighborhoods had to be evacuated, but that was not necessary. He said no fatalities were reported connected to the deluge. CenterPoint Energy crews continued to work Sunday repairing downed lines and transformers, mostly in Bellaire and South Houston, said Penny Todd, a spokeswoman for the electricity service company. The storm left 128,000 households without power at different times, she said. At its peak, about 35,000 people were without power and 11,000 were still affected at noon Sunday. Pooling water shorted out transformers on the ground and high winds pulling down limbs severed power line...

Poland Prioritizes Cheap Power in Shift Away From Coal - Bloomberg

Poland is prioritizing low-cost electricity as it revamps its energy policy and shifts away from its reliance on coal-fired generation, the nation's environment minister said. Marcin Korolec said he'd like to phase out subsidies for both clean power and fossil fuels, though the country must also replace aging power stations including some that are more than 40 years old. 'We are in quite a big crisis,' Korolec said yesterday at a Bloomberg New Energy Finance conference in New York. 'We need new investment, but we are living in this paradigm of expensive energy prices. We are facing tremendous questions. Technology will answer the question, and price will answer it.' The comments indicate how Prime Minister Donald Tusk's government will balance demands to meet European Commission environment rules while limiting electricity costs. The Commission has censured Poland for its delays in implementing mandates for renewable energy, and the government this...