Gexa Energy Settles With FERC For $500K
Gexa also disgorged nearly $12,500 in profits with interest. In return, FERC authorized the indirect transfer of Gexa's jurisdictional assets to FPL Energy, and FPL Energy purchased all the equity of Gexa's parent company.
The dispute started in June 2005, when FPL Energy acquired Gexa, even though Gexa did not file for...
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