Federal Energy Regulatory Commission
Addressing the 2000–2001 Western Energy Crisis: Settlements

2007

December 21, 2007
July 6, 2007
    Commission Approves $18 Million California Settlement (EL00-95-000) Fact Sheet PDF | Decision PDF

June 21, 2007
May 17, 2007
    FERC approves Settlement and Settlement and Release of Claims Agreement filed on March 12, 2007 by Portland General Electric Company (PGE) and the California Parties. The Settlement consists of a “Joint Explanatory Statement” and a “Settlement and Release of Claims Agreement. The Settlement resolves matters and claims in the Refund Proceedings related to PGE and arising from events and transactions in the Western Energy Markets during the period January 1, 2000 through June 20, 2001 Decision PDF
March 1, 2007
    Commission approves multiparty APX settlement resolving matters related to western energy crisis News Release | Decision PDF

2006

June 28, 2006
May 22, 2006
    Idaho Power Company and IDACORP Energy: The Commission approved a settlement for $24,250,000
January 25, 2006
    Agreement accepted between Enron and Nevada companies settling matters stemming from Western Energy Crisis News Release | Decision PDF

2005

December 22, 2005
    Reliant: The Commission approved a settlement on December 22, 2005, valued at $512 million. Reliant must also submit monthly reports for a year that staff reviews.
December 22, 2005
    Commission accepts $512 million settlement with Reliant Energy resolving claims relating to Western Energy Crisis News Release | Decision PDF
December 2, 2005
    Public Service Company of Colorado: The Commission approved a settlement for $7.3 million

November 15, 2005
    Enron: The Commission approved a settlement for (a) $47 million in cash; (b) $875 million in an allowed unsecured claim; and (c) $600 million civil penalty in favor of the Attorneys General for California, Washington, and Oregon

November 15, 2005 September 6, 2005 August 24, 2005 August 15, 2005
    Reliant Energy agrees to pay $460 million to settle Western Energy Crisis issues with States and FERC News Release | Fact Sheet
July 15, 2005 April 13, 2005
    Settlement valued at $500 million between Mirant, California Parties and FERC staff News Release | Order PDF

2004

December 7, 2004
    Commission accepts settlement PDF between Duke and FERC staff, in the amount of $2.5 million, along with a global settlement between Duke and the California parties for $207.5 million
October 27, 2004 October 25, 2004
    Order Approving Settlement PDF, with Dynegy and California Parties (EL00-95-000, EL00-98-000, EL01-10-000, IN03-10-000, PA02-2-000, et al) in the amount of $281 million
September 22, 2004 September 21, 2004 August 5, 2004 August 2, 2004 July 2, 2004 May 6, 2004 April 19, 2004 March 26, 2004 March 8, 2004 March 4, 2004 January 22, 2004

2003

December 19, 2003 
    Duke settles with Commission Staff, in the amount of $2.5 million
    News Release PDF | Order PDF
December 18, 2003   November 14, 2003 October 2, 2003  
    Reliant settles California cases- proceeds could total $50 million
    News Release PDF | Order PDF
July 23, 2003 July 18, 2003  
    FERC approves Stipulation and Consent Agreement with BP Energy on Price Manipulation in Western Markets. BP Energy to pay $3 million to fund low-income home energy assistance program
    Order PDF | Stipulation Agreement PDF
January 31, 2003 
    Commission Approves $13.8 Million Settlement With Reliant Energy over Physical Withholding In California Power Exchange Market
    News Release PDF | Order PDF | Transcripts PDF

2002

No Settlements were reached

2001

April 30, 2001