Energy Companies Ordered To Turn Over Tapes

Law360, New York (August 10, 2006, 12:00 AM EDT) -- Twenty-seven energy companies will have to turn over tape-recorded conversations between traders, as part of an ongoing lawsuit into alleged market manipulation that occurred during the 2001 California energy crisis.

The companies, including Reliant Energy, Sempra Energy and Duke Energy Corp, among others, have been targeted by the governments of Los Angeles and San Diego Counties, which claim that the companies conspired to set energy prices.

Several of the state’s largest natural gas consumers, including the University of California Regents and E. & J. Gallo Winery,...
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