Energy Firms Push For $11.3M Settlement

By Erin Marie Daly (August 29, 2007, 12:00 AM EDT) -- Energy companies involved in a massive antitrust class action accusing them of artificially raising the price of natural gas in California, asked a federal judge Tuesday to sign off on a settlement deal that will see them shelling out a collective $11.3 million.

The defendants – Williams Companies Inc., EnCana Corp., Dynegy Inc., Coral Energy Resources LP and CMS Energy Resources Management Co. – said in court documents filed in the the U.S. District Court for the District of Nevada that the payment amount is within a reasonable range of their potential proportionate share of liability.

Under the terms of the...

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