Update on Volkswagen Diesel Fraud Case

We filed an action in Butte County on May 17, 2018 with the intent of having a jury decide punitive damages. We would be the first party to bring the defeat device case to jury trial.  Peer reviewed studies proved thousands of people with lung diseases died from the fraud.  

 

Judge says energy companies bilked California out of $1.1 billion

Posted by Lacy Fletcher on Thursday, April 14, 2016 Under: Energy

A federal hearing officer has ruled that two energy companies defrauded the state of California out of $1.1 billion on a series of long-term electricity contracts that state officials signed at the height of the energy crisis.

The ruling, an initial decision by an administrative law judge at the Federal Energy Regulatory Commission, or FERC, found that Shell Energy North America and Iberdrola Renewables LLC conned state officials during negotiations over long-term energy deals. The Shell contract represented an “excessive burden” on California ratepayers totalling $779 million, wrote administrative law judge Steven Glazer. The Iberdrola contract was $371 million more than it should have been, he wrote.

Read more here:

ReadA federal hearing officer has ruled that two energy companies defrauded the state of California out of $1.1 billion on a series of long-term electricity contracts that state officials signed at the height of the energy crisis.

The ruling, an initial decision by an administrative law judge at the Federal Energy Regulatory Commission, or FERC, found that Shell Energy North America and Iberdrola Renewables LLC conned state officials during negotiations over long-term energy deals. The Shell contract represented an “excessive burden” on California ratepayers totalling $779 million, wrote administrative law judge Steven Glazer. The Iberdrola contract was $371 million more than it should have been, he wrote.

Read more here: more here: http://www.sacbee.com/news/business/article71703497.html#storylink=cpy

In : Energy 


Tags: energy  california  regulatory  commission  contracts 

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