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Enron Corp.

May 04, 2000

* Enron Corp., the world's largest power trader, said it agreed to pay $25,000 to settle allegations that it violated rules designed to protect California consumers from sudden electricity price increases. Enron denies any wrongdoing, the company said, and decided to make a payment to the California Power Exchange, which oversees the state's power market, to end a year-old investigation. An Enron trader tried to send 2,900 megawatts of electricity over a power line with a capacity of 15 megawatts, exchange spokesman Jesus Arredondo said.

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