BREAKING NEWS ~ Enron agrees to pay $1.5 billion over energy price gouging Tom Henry at 1:22 PM ET
[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.
Paper Chase is JURIST's real-time legal news service, powered by a team of 30 law student reporters and editors led by law professor Bernard Hibbitts at the University of Pittsburgh School of Law. As an educational service, Paper Chase is dedicated to presenting important legal news and materials rapidly, objectively and intelligibly in an accessible, ad-free format.