Federal court rules electricity rebates are due in California [View all]
Source: Los Angeles Times
A federal court this week ruled that two government power agencies are liable for overcharging California ratepayers by more than $1 billion during the state's energy crisis of 2000 and 2001.
The California Public Utilities Commission, which has been pursuing the overcharging claims for 11 years, announced that the U.S. Court of Claims in Washington, D.C., ruled that the Bonneville Power Administration and Western Area Power Administration sold electricity at extremely high prices. California at the time was desperate for power to contain a series of rolling brownouts and blackouts.
... In a related decision in February, an administrative law judge at the Federal Energy Regulatory Commission found that about a dozen private energy companies overcharged California by about $1 billion. The decision will go before FERC for ratification later this year.
Read more: http://www.latimes.com/business/money/la-fi-mo-court-says-rebates-due-california-20130404,0,5301337.story
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