Multi-State Settlement with Enron Signed Today
SEATTLE - A $1.52 billion multi-state settlement with Enron became official today when attorneys on both sides signed the agreement. Attorney General Rob McKenna first announced the settlement last month. It resolves some of the claims of market manipulation and price gouging stemming from the energy shortage of 2000-2001.
The states of Washington, California and Oregon, as well as some California utilities and other organizations, are parties to the settlement. The agreement must be approved by the Federal Energy Regulatory Commission (FERC) and the Enron bankruptcy court.