Mirant to pay $460m to settle California energy crisis claims
Bankrupt Atlanta-based energy marketer Mirant will pay $460 million to California power utilities and public agencies to resolve claims related to the state’s energy crisis in 2000 and 2001. The California utilities and agencies in the settlement were asserting claims against Mirant and its subsidiaries for billions of dollars of undelivered electricity.
The amount will be divided among the parties and any other market
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