Powerex Pays $750M To Settle Calif. Energy Crisis Claims
State officials had accused Powerex, a unit of the government-owned British Columbia Hydro & Power Authority, of gaming the energy market by purchasing and exporting to Canada huge quantities of electricity California needed and then selling it back to the state at exorbitant prices.
Under the terms of the settlement between Powerex and parties including the California Attorney General's Office, the...
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