California electricity consumers could see $1.6 billion in refunds from the state's energy crisis more than a dozen years ago if an administrative law judge's recommendation holds up under review.
The California Public Utilities Commission on Tuesday praised the judge's interim ruling as a victory for a state that saw energy prices spike to unprecedented heights amid rolling blackouts in the summer of 2000.
The judge sided with the state in finding that more than a dozen electricity wholesalers artificially manipulated the energy market to drive up prices.
The commission calculated the potential rebates from the formula adopted by the judge in a decision issued Friday. The recommendation now goes before the Federal Energy Regulatory Commission.
Bonneville Power Administration spokesman Michael Hansen says the utility is "disappointed" with the recommendation.
Source: http://www.nbcnews.com/id/50864766/ns/local_news-sacramento_ca/
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