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.
December 21, 2005 |
A state judge dismissed a lawsuit that California Atty. Gen. Bill Lockyer filed against Powerex Corp. over allegations that the company manipulated power prices starting in 1999 and through the state's 2001 energy crisis. Powerex said Superior Court Judge Loren McMaster in Sacramento ruled on Dec. 9 that the Federal Energy Regulatory Commission had jurisdiction over wholesale energy rates.
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.
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.
September 27, 2005 |
The Federal Energy Regulatory Commission on Monday dismissed a manipulation complaint brought by California's grid operator against Powerex Corp., the electricity marketing arm of British Columbia's provincial utility. The Folsom-based California Independent System Operator alleged that from October 2004 to March Powerex collected $18.5 million in incentive payments even though no energy was delivered to the California spot market.