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Snohomish County PUD Sues California Energy Traders for Alleged Price Manipulation; Suit Is the First Attempt to Recover Damages by a Public Utility District.

Publication: Business Wire
Publication Date: 15-JUL-02 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Business Editors, Legal Writers

The Snohomish County Public Utility District (PUD) today filed suit against a group of the nation's largest electric power companies, striking out against the allegedly artificial high prices that forced large and unpredictable rate increases on customers.

The PUD serves 270,000 residential and commercial customers north of Seattle, Washington. This is the first suit in which a Washington state public utility district has sued power generating and marketing companies.

According to the PUD, the suit attempts to right some of the wrongs inflicted on consumers during the recent power crisis in the Western U.S.

"We were forced to impose some very significant...

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