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US Liable For $200M Over Calif. Energy Crisis Contract Breach

By Juan-Carlos Rodriguez (May 2, 2012, 4:16 PM EDT) -- The federal government has breached its contract with utilities and the state of California and is liable for an estimated $200 million in electricity overcharges from the state's 2000-2001 energy crisis, the U.S. Court of Federal Claims ruled Wednesday....

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