To require the Federal Energy Regulatory Commission to revoke the authority granted to Enron to sell electricity at market rates and to prohibit Enron from enforcing certain contract provisions, and for other purposes.

H.R. 5049 is a legislative proposal designed to strip the Enron Corporation and its successors of the legal authority to sell electricity at market-based prices. The bill would retroactively cancel this authority to the date Enron first began manipulating energy prices or engaging in fraudulent sales activities. Additionally, the bill would prevent Enron from suing utility companies or other purchasers for financial damages related to contracts signed during the period of market manipulation. For citizens, this measure aims to provide financial relief by protecting local utility providers from paying Enron for disputed contracts, which could otherwise lead to higher electricity and natural gas bills for consumers.