News April–June 2007
News Release: June 21, 2007 | View Printable PDF Version |
Docket Nos: EL00-95-000 and EL00-95-191 |
Commission approves two Western power settlements
The Federal Energy Regulatory Commission today approved two settlements
totaling more than $84 million that stem from the Commission's investigations into
wholesale power markets during the Western energy crisis of 2000-2001.
The first case involves a settlement agreement under which PacifiCorp will pay
$27.9 million to resolve all outstanding matters and claims against it related to its
transactions in the California and Pacific Northwest power markets during the period
from January 1, 2000 through June 20, 2001. California's investor-owned utilities, the
state Attorney General's Office, the California Electricity Oversight Board, the California
Public Utilities Commission and the California Department of Water Resources all
agreed to the settlement.
The second case involves a settlement agreement under which $56 million will be
released to resolve refund issues and other claims against El Paso Marketing LP in FERC
proceedings arising from the Western energy crisis. The El Paso settlement is sponsored
by El Paso and San Diego Gas & Electric Company, and supported by Pacific Gas &
Electric Company. It resolves matters and claims relating to El Paso and arising from
events and transactions in the Western energy markets during the January 2000-June
2001 settlement period.
The Commission found both settlements to be fair and reasonable and in the
public interest.
"These settlements put us another step closer to finally resolving the lingering
issues from the Western energy crisis and returning money to consumers," Commission
Chairman Joseph T. Kelliher said. "Settlements, not prolonged and costly litigation, have
given consumers more than $6 billion in refunds. The settlement process is an efficient,
effective and fair way to get these matters behind us and focus on serving consumers."
R-07-38
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