States, Customers Ask FERC To Reopen Edison Probe

Law360, New York (June 20, 2008, 12:00 AM EDT) -- A U.S. Federal Energy Regulatory Commission probe into an Edison International unit's bidding practices ended in a $9 million settlement last month. Now, officials in several states, public power agencies and consumers groups have asked FERC to reopen the probe.

Edison Mission Energy agreed in May to pay $7 million in civil penalties and an additional $2 million for a new compliance program to settle the FERC's accusations that it misled federal regulators investigating its bidding practices.

FERC's complaint alleged that EME staff produced misleading statements...
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