FERC OKs Mirant Settlement With State
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From Bloomberg News
U.S. regulators approved a $495-million settlement between Mirant Corp. and California that resolves charges that the company manipulated power prices during the state’s 2000-01 energy crisis.
The amount includes a claim of $175 million against Mirant in the company’s bankruptcy proceeding, the Federal Energy Regulatory Commission said in a statement after approving the settlement.
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