Sempra To Pay Calif. $410M Over Energy Crisis

Law360, New York (April 28, 2010, 3:56 PM EDT) -- San Diego-based Sempra Energy said Wednesday that it would pay $410 million to resolve litigation brought by California agencies and officials alleging that the company gamed the energy markets during the state's energy crisis in 2000 and 2001.

The settlement, in which the energy provider did not admit any wrongdoing, resolves a series of lawsuits related to the energy crisis brought by the California attorney general, the California Public Utilities Commission and other state parties before federal regulators and in the courts.

The cases include claims...
To view the full article, register now.