Calif. Must Honor $6.6B Sempra Energy Deal: Jury

Law360, New York (December 1, 2009, 5:55 PM EST) -- Sempra Energy has won its contract dispute with the state of California — a blow to state officials looking to tear up a $6.6 billion electricity pact forged with the natural gas distributor during the state’s 2001 electricity crisis.

A jury in the San Diego County Superior Court found that the contract allowed Sempra to buy cheap power from outside California for resale, contrary to the assertions of California’s Department of Water Resources, which contended that the deal required Sempra to produce power at in-state plants....
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