Energy Law
Feb. 20, 2013
Regulators may order power sellers to pay $1.6 billion for role in energy crisis
An administrative law judge with the Federal Energy Regulatory Commission has ruled that several energy marketers overcharged California ratepayers during the summer of 2000, but the order is yet to be finalized.
Daily Journal Staff Writer
Several energy companies could be forced to pay California ratepayers roughly $1.6 billion for overcharges during last decade's energy crisis, according to an initial ruling by a judge with the Federal Energy Regulatory Commission.
The judge found that roughly a dozen energy sellers had illegally jacked up electricity costs when California was desperately buying power to keep the lights on during ...
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