FERC ruled that Shell and Hafslund can not use the costs associated with illegal trading activity during the Western Energy Crisis to offset their refund.

FERC said evidence of price reporting deficiencies by power sellers during the Western Energy Crisis cannot constitute the sole basis for a finding of market manipulation.

FERC last week eliminated the must-offer obligation in effect throughout WECC since the tail-end of the California energy crisis of 2000-2001.

FERC last week agreed to consider whether reporting deficiencies concealed market manipulation that contributed to the Western Energy Crisis of 2000-2001.

Critics say CAISO is moving too quickly in its effort to get a plan for a Western RTO to California lawmakers before legislative session's end.

Iberdrola struck back at a FERC judge’s ruling on their energy crisis supply contract that could subject the company to more than $370 million in penalties.

A FERC judge ruled that Shell and Iberdrola  saddled California consumers with $1.1 billion in excess energy costs at the height of the Western Energy Crisis.