Saturday, August 30, 2003

FERC Labor Day Coverup

Ah, I was waiting for the other shoe to drop this weekend. None of the other Friday afternoon surprises were that big of a deal:


Federal regulators filed motions to dismiss claims that utilities illegally manipulated the power market to profit during California's power crisis, and a federal court judge dismissed seven class-action lawsuits that accused Duke Energy and other defendants of manipulating energy prices.

Federal Energy Regulatory Commission attorneys filed motions Friday to dismiss claims against more than a dozen public and private companies in an investigation into manipulation of the state's power market. They included city-owned utilities in Los Angeles, Anaheim, Pasadena, and Riverside.