Dive Summary:
- The U.S. Court of Claims ruled that the Bonneville Power Administration (BPA) and Western Area Power Administration (WAPA) sold electricity at inflated prices during the California energy crisis in 2000.
- The California Public Utilities Commission said customers should see $2 billion in electricity rebates as a result; a new trial will determine how much BPA and WAPA will have to pay.
- If the recommendation holds true, end-users will see an average $10-$12 decrease on their monthly utility bills.
From the article:
"... The rulings come on the heels of another decision issued in February by an administrative law judge at the Federal Energy Regulatory Commission, who found roughly a dozen private sector companies also were liable for refunds of up to $1 billion. The FERC is expected decide on that case later this year.
In total, the refunds could yield the state roughly $3 billion, the California Public Utilities Commission said. ..."