FERC Approves $18M Settlement In Enron-PUD Case

Law360, New York (January 8, 2008, 12:00 AM EST) -- The U.S. Federal Energy Regulatory Commission on Tuesday approved an $18 million settlement between Enron Corp. and a Washington state utility company, sealing a deal the companies first announced last July.

“The Federal Energy Regulatory Commission took another step in resolving the issues surrounding the Western energy market crisis of 2000-2001 today by approving the $18 million settlement agreement between Enron and the Public Utility District No. 1 of Snohomish County, Wash.,” FERC said in a press release.

"We're happy we've got the litigation behind us,"...
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