Okla. Utility Wins $100M For Union Pacific Overcharge

Law360, New York (July 28, 2009, 1:43 PM EDT) -- The U.S. Department of Transportation's Surface Transportation Board has granted Oklahoma Gas & Electric Co. $100 million in rate relief and reparations over the next decade from Union Pacific Railroad Co., finding that the rail carrier miscalculated the amount it charged OG&E for coal shipments.

The board issued its ruling Friday, determining that Union Pacific overcharged OG&E between $1.66 and $1.91 per ton of coal delivered during the first two quarters of 2009 and telling the railroad company to reimburse the difference.

Union Pacific was also...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.