Court Ruling Opens Door To $1.3 Billion In Energy Refunds

A federal appeals court has ordered regulators to reconsider their decision to reject more than one (b) billion dollars in refunds to California electricity customers affected by the 2000-2001 energy crisis.

Friday's ruling by the Ninth U.S. Circuit Court of Appeals overturns decisions made by the Federal Energy Regulatory Commission against the state.

The appeals court said the commission failed to consider tape recordings in which traders for Enron joked about gouging customers.

California is seeking refunds for electricity it bought from energy suppliers in the Pacific Northwest during the energy crisis.

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