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California sues power generators in 'double dealing' dispute. (News).(Brief Article)
SACRAMENTO, CA--After a year-long investigation, California Attorney General Bill Lockyer filed a $150 million lawsuit on March 11 against four energy generators for accepting payment to keep some of their output in reserve for emergencies and then selling that power on the lucrative spot market.
The lawsuit charged Dynegy Inc., Mirant Corp., Reliant Energy Inc., and Williams Cos. with the alleged double-selling of power beginning in 1998 and continuing through California's power crisis in 2001.
The suit, however, is not the ultimate "smoking gun," said a consumer advocate. The conduct did not cause the energy ...
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