Energy Law
Aug. 19, 2013
Officials settle with Canadian energy marketer over price manipulation during the energy crisis
California state officials and the state's three investor-owned utilities have reached a $750 million settlement with Canadian energy marketer Powerex over alleged price manipulation during the past decade's energy crisis.
By Fiona Smith
Daily Journal Staff Writer
California state officials and the state's three investor-owned utilities have reached a $750 million settlement with Canadian energy marketer Powerex over alleged price manipulation during the past decade's energy crisis.
The agreement is part of a long series of claims the state Public Utilities Commission, the state attorney general's office, Pacific Gas and Electric Co., Southern California Edison Co. and San Diego Gas & E...
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