Class action lawsuits are bidding to overtake politicalfinger-pointing as more prevalent this week in the increasinglymurky California energy landscape. The cities of Los Angeles andLong Beach filed separate class action suits Wednesday in LosAngeles Superior Court against Sempra Energy’s two utilitycompanies and El Paso Natural Gas Co. for allegedly conspiring inthe mid-1990s to block the development of two new interstate gaspipelines into the state, resulting in excessively high prices atthe California-Arizona border. Action by the court is not expectedany time soon, according to Long Beach’s city attorney.
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Power Market Soars; CA-ISO Lowers Price Caps
The finger-pointing and calls for market intervention — mostnotably centered on electricity price caps —heated up fasterthan the temperatures on both coasts this week, with merchantgenerators and incumbent regulated utilities drawing the ire ofstate and federal policymakers.
July 3, 2000
CA-ISO Lowers Price Caps to $500/MW
The finger-pointing and calls for market intervention — mostnotably centered on electricity price caps — heated up fasterthan the temperatures on both coasts this week, with merchantgenerators and incumbent regulated utilities drawing the ire ofstate and federal policymakers.
June 30, 2000
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