Cos. Shell Out $84M In Energy Crisis Settlement

Law360, New York (June 22, 2007, 12:00 AM EDT) -- The Federal Energy Regulatory Commission on Thursday approved settlements with with two power companies totaling nearly $84 million stemming from its investigation into price manipulation in the wholesale power markets during the 2000-2001 Western energy crisis.

PacifiCorp, an electricity producer owned by MidAmerican Energy Holdings Company, a subsidiary of Berkshire Hathaway Inc., will pay $27.9 million to resolve all outstanding claims against it stemming from FERC's investigation.

El Paso Marketing LP, a unit of El Paso Corp., agreed to pay $56 million to resolve refund issues...
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