Law360, New York (June 18, 2007, 12:00 AM ET) -- The U.S. Supreme Court on Monday refused to hear a case which questioned the Federal Energy Regulatory Commission's authority to force power wholesalers to refund payments because of violations of the agency's reporting requirements regarding market-based power rates.
FERC now may decide whether California energy consumers are eligible for more than $2 billion in refunds due to alleged market manipulation of market-based rates during the 2000-2001 California energy crisis.
“This is further confirmation that competition is national policy and that the commission has the authority to...
High Court Declines To Rule On FERC Refund Authority
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