BREAKING NEWS ~ Enron agrees to pay $1.5 billion over energy price gouging

[JURIST] Bankrupt energy company Enron Corporation [JURIST news archive] has agreed to pay over $1.5 billion to settle claims that it gouged California, Oregon and Washington and companies such as Pacific Gas & Electric Co., Southern California Edison Co., and San Diego Gas & Electric, during the 2000-2001 energy crisis. Parties settling with Enron will divide a bankruptcy claim of $875 million based on Enron's Chapter 11 reorganization plan. AP has more.



 

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