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.
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.
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.
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.
August 30, 2005 |
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.
May 19, 2005 |
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.