Supreme Court Passes On PG&E Case

Law360, New York (December 11, 2007, 12:00 AM EST) -- The U.S. Supreme Court has declined to hear an appeal by a Pacific Gas and Electric Co. unit in a case about whether federal energy regulators have the authority to require government-owned utilities to issue refunds stemming from the 2001 California energy crisis.

On Monday, the Supreme Court denied writ of certiorari to the PG& E subsidiary, allowing the U.S. Court of Appeals for the Ninth Circuit's ruling in favor of the municipal and federally owned entities to stand.

The crux of the debate centers around...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.