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IN BRIEF / ENERGY

FERC Staff Urges OK of Enron Settlement

October 18, 2003|From Reuters

Staff at the Federal Energy Regulatory Commission asked an agency judge to accept Portland General Electric's offer to pay $8.5 million to settle allegations that it helped parent company Enron Corp. manipulate electricity markets during the West Coast energy crisis.

The proposed settlement would pay $6.1 million to California.

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