Nearly three years after then-U.S. Attorney General John Ashcroft announced that an energy company had been charged with conspiring to jack up electricity prices during California's 2001 power crisis, the case ended Tuesday with deferred prosecution agreements. The deals dismiss charges against Reliant Energy and four of its traders, if they stay out of trouble for two years. The company must also pay a $22.2 million fine. The case, which had appeared to be a slam dunk for the prosecution, had its oddities.
March 07, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
There’s a group of very happy defense lawyers in San Francisco right now.
On Tuesday, nearly three years after then-U.S. Attorney General John Ashcroft announced on TV that an energy company had been charged with conspiring to jack up electricity prices during California’s 2001 power crisis, the case ended with a set of deferred prosecution agreements.
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