|
|
Article: Federal Energy Regulatory Commission Puts Azusa, Calif., Utility on Hot Seat.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- July 9, 2003
CopyrightCOPYRIGHT 2003 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
By Gary Scott, San Gabriel Valley Tribune, Calif. Knight Ridder/Tribune Business News
Jul. 9--PASADENA, Calif.--The Federal Energy Regulatory Commission has ordered the cities of Pasadena and Azusa to prove they did not profit from alleged illegal electricity trades made during California's energy crisis two years ago.
Pasadena Water and Power and Azusa Light and Water are among more than 60 private and municipal power companies accused of using Enron-style tactics to manipulate California's volatile energy market between Jan. 1, 2000, and June 20, 2001.
The list includes energy giants like Reliant and Sempra Energy as well as municipal ...