Duke to settle California power crisis allegations
US power company Duke Energy and some of its subsidiaries will pay $207.5 million to settle allegations that it acted improperly during the California power crisis in 2000/2001. The US Federal Energy Regulatory Commission (Ferc) approved the settlement yesterday.
Ferc said the settlement “will benefit customers by resolving claims against Duke for refunds, price adjustments or other remedies for actions arising out of Duke’s sale of electricity and natural gas into California” between January 2000 and June 23, 2001.
The settlement will also eliminate
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