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BUSINESS
August 30, 2005 | From Bloomberg News
A federal judge dismissed a lawsuit that California Atty. Gen. Bill Lockyer brought against Powerex Corp. over claims that the company manipulated power prices during the state's 2001 energy crisis. U.S. District Judge Garland E. Burrell Jr. in Sacramento dismissed the suit last week because authority to rule on the matter belonged with the Federal Energy Regulatory Commission, Powerex spokeswoman Elisha Moreno said.
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BUSINESS
August 25, 2007 | From Bloomberg News
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.
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BUSINESS
December 21, 2005 | From Bloomberg News
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.
BUSINESS
June 19, 2007 | From the Associated Press
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.
BUSINESS
August 25, 2007 | From Bloomberg News
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.
BUSINESS
June 19, 2007 | From the Associated Press
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.
BUSINESS
February 11, 2005 | Jonathan Peterson, Times Staff Writer
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.
BUSINESS
November 1, 2003 | Jonathan Peterson, Times Staff Writer
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.
BUSINESS
April 28, 2006 | From Bloomberg News and Reuters
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 | From Times Staff and Wire Reports
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.
CALIFORNIA | LOCAL
December 21, 2006 | From Times Staff and Wire Reports
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.
BUSINESS
April 28, 2006 | From Bloomberg News and Reuters
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.
BUSINESS
December 21, 2005 | From Bloomberg News
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.
BUSINESS
August 30, 2005 | From Bloomberg News
A federal judge dismissed a lawsuit that California Atty. Gen. Bill Lockyer brought against Powerex Corp. over claims that the company manipulated power prices during the state's 2001 energy crisis. U.S. District Judge Garland E. Burrell Jr. in Sacramento dismissed the suit last week because authority to rule on the matter belonged with the Federal Energy Regulatory Commission, Powerex spokeswoman Elisha Moreno said.
BUSINESS
February 11, 2005 | Jonathan Peterson, Times Staff Writer
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.
BUSINESS
November 1, 2003 | Jonathan Peterson, Times Staff Writer
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.
BUSINESS
September 27, 2005 | Marc Lifsher, Times Staff Writer
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.
BUSINESS
May 19, 2005 | From Bloomberg News
The state of California on Wednesday sued Powerex Corp. and PNM Resources Inc., accusing the companies of colluding to create artificial power shortages and inflated prices during the state's energy crisis four years ago. The lawsuit, filed in state court in Sacramento, is the third energy-related case California has brought against Powerex, the electricity-trading unit of the British Columbia Hydro & Power Authority, Atty. Gen. Bill Lockyer said in a statement.
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