August 25, 2007 |
The Federal Energy Regulatory Commission must reconsider its denial of refunds to wholesale customers of Powerex Corp. and other electric companies in the Pacific Northwest during the 2000-01 California energy crisis, a federal appeals court ruled Friday. FERC must review rejected claims by cities including Seattle and Tacoma, Wash., the U.S. 9th Circuit Court of Appeals in San Francisco ruled.
June 19, 2007 |
The U.S. Supreme Court ruled against a Canadian power company Monday, making it difficult for defendants to escape unfriendly state court juries by moving lawsuits to federal court. The decision in a lawsuit involving Powerex Corp. stemmed from allegations of price fixing and price gouging during the California energy crisis of 2000 and 2001. Powerex portrays itself as an arm of the British Columbia government and says it is therefore entitled to have its case moved to a U.S. federal court.
February 11, 2005 |
California Atty. Gen. Bill Lockyer sued British Columbia's provincial utility Thursday, accusing it of finagling up to $850 million in electricity overcharges during the state's 2000-01 energy crisis. The suit, filed in Sacramento County Superior Court, claims that Powerex Corp. gouged the Department of Water Resources on thousands of occasions, manipulated Western energy markets and contributed to phony shortages of electricity.
November 1, 2003 |
Federal energy regulators agreed Friday to settlements in market manipulation cases against Sempra Energy and Powerex Corp. and prepared to dismiss charges that several other power sellers face. The settlements proposed by the Federal Energy Regulatory Commission staff would resolve accusations that Sempra and Powerex gamed the market and engaged in improper partnerships in the California energy crisis of 2000 and 2001. In the larger of the two deals, the agency would accept $7.
April 28, 2006 |
A federal judge dismissed California's lawsuit accusing PNM Resources Inc. and Powerex of manipulating electricity prices during the state's energy crisis in 2001. Judge David Levi of U.S. District Court in Sacramento denied a motion by California Atty. Gen. Bill Lockyer to send the power price case to a state court, where it was originally filed, and also granted motions to dismiss the case by PNM Resources Inc. and Powerex, the energy-trading arm of BC Hydro of Vancouver, Canada.
CALIFORNIA | LOCAL
December 21, 2006 |
The City Council on Wednesday rejected a contract, potentially worth $196 million, with the Canadian firm Powerex that would have supplied the city with renewable energy equal to almost 2% of the city's annual needs. Ron Deaton, the DWP chief, defended the deal and said it would have to be restructured to comply with a new state law, potentially adding to its cost.