Calif. Suit Against Powerex Preempted: 9th Circuit

Law360, New York (April 23, 2008, 12:00 AM EDT) -- An appellate court ruled on Monday that a lower court was right to dismiss an antitrust suit filed by California's attorney general against Powerex Corp. and the Public Service Company of New Mexico alleging that the companies charged improper rates for electricity.

The lawsuit, originally filed in 2005 by California Attorney General Bill Lockyer in a state court, alleged that PNM and Powerex, a unit of the government-owned British Columbia Hydro and Power Authority, exported electricity from California and then sent it back in, charging out-of-state...
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