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CALIFORNIA NEWS
Calif. consumers may see rebate from energy crisis
Posted: Feb 19, 2013 5:38 PM by Associated Press
SACRAMENTO, Calif. (AP) - California electricity consumers could see $1.6 billion in refunds from the state's energy crisis more than a dozen years ago if an administrative law judge's recommendation holds up under review.
The California Public Utilities Commission on Tuesday praised the judge's interim ruling as a victory for a state that saw energy prices spike to unprecedented heights amid rolling blackouts in the summer of 2000.
The judge sided with the state in finding that more than a dozen electricity wholesalers artificially manipulated the energy market to drive up prices.
The commission calculated the potential rebates from the formula adopted by the judge in a decision issued Friday. The recommendation now goes before the Federal Energy Regulatory Commission.
Bonneville Power Administration spokesman Michael Hansen says the utility is "disappointed" with the recommendation.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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