FERC Judge Rules Against PacifiCorp
From Reuters
PacifiCorp’s demand to renegotiate $66.9-million worth of electricity contracts signed with suppliers during the Western power crisis was dismissed by a judge with the Federal Energy Regulatory Commission.
FERC Judge Isaac Benkin said the contracts that Portland, Ore.-based PacifiCorp signed with Reliant Resources Inc., Morgan Stanley, Williams Cos. and El Paso Corp. were fair and should not be canceled. The ruling goes to FERC’s three commissioners.
