Energy refunds remain elusive, State unlikely to get $8.9 billion; many companies low on cash

SF Chronicle ^ | 8/20/02 | Mark Martin

[randita]

California continues to build its claim that the state was unfairly gouged by power companies last year, but consumers paying record-high electricity rates shouldn't expect to see refund checks anytime soon.

While Gov. Gray Davis loudly maintains the state is owed $8.9 billion by the nation's generators, experts say the final tally will be nowhere near that high even if California wins its case.

[randita]

ping

[corkoman]

poor greyout davis.

[Born to Conserve]

Give Kalifornia ten billion dollars worth of Enron options with a $30 strike.

[Ernest_at_the_Beach]

Thanks for the ping!

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