|
WASHINGTON (AP) - The U.S. Federal Energy Regulatory Commission said Thursday it has accepted a $512 million settlement with Reliant Energy Inc., California utilities and commission staff to resolve claims stemming from the 2000-01 Western energy crisis.
Specifically, the settlement resolves claims that the Houston-based merchant generator charged unfairly high prices for electricity during the crisis.
"This marks another significant milestone in bringing closure to the 2000-2001 energy crisis," FERC Chairman Joseph T. Kelliher said.
|