Attorney General Kamala D. Harris Issues Statement on Ninth Circuit Ruling in Energy Crisis Case

LOS ANGELES -- Attorney General Kamala D. Harris issued the following statement on today’s ruling by the Ninth Circuit upholding a key decision made by the Federal Energy Regulatory Commission (FERC) regarding California’s energy crisis:

“I am gratified that the Court upheld FERC's determination that large energy companies, such as Shell, manipulated California's energy markets during the 2000-2001 energy crisis, leading to blackouts and exorbitant prices for the customers of California's investor owned utilities.  The decision upholds the findings on which FERC has ordered the payment of more than $200 million in damages from sellers that have not settled.  My office will continue to pursue compensation from those who gamed the market and profited from the skyrocketing prices that resulted.”

More information is available here: https://oag.ca.gov/cfs/energy and here: https://oag.ca.gov/cfs/energy/money.