Court Ruling May Lead to $3B in California Power Refunds

Saskal, Rich
September 2004
Bond Buyer;9/13/2004, Vol. 349 Issue 31967, p5
Trade Publication
Reports on the federal appeals court ruling for alleged market manipulation during the 2000-2001 energy crisis in California. Failure of the Federal Energy Regulatory Commission to enforce its regulatory responsibility; Subjectivity of the consumers to a variety of market machinations; Order of the energy retailer to issue refunds for abuse of the energy market.


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