Posted on 01/09/2003 6:06:02 PM PST by NormsRevenge
Edited on 04/13/2004 3:30:08 AM PDT by Jim Robinson. [history]
SACRAMENTO (AP) - A Pacific Gas and Electric Co. lawsuit against the state seeking $4.1 billion for breach of contract was dismissed by a Sacramento Superior Court judge Thursday.
The utility had claimed the state owed it for money lost when it couldn't sell its power plants, or sell the energy produced in them, at market rates as promised under a 1996 deregulation law.
(Excerpt) Read more at bayarea.com ...
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I'm choking on that one. May I use the same arguement when I refuse to pay my taxes?
Many of us believe that was the intent!
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Hey Judge Joe... NOBODY LIKES A RENEGGER!!!
See people... Have any of you, like I have, listened to liberal lemmings talk in glowing terms of a "PUBLIC/PRIVATE PARTNERSHIP?" Oh... I see, that's only for government resource agencies and non-profit conservation (read landgrabbing) corporations.
They were behind this effort to break private sector utilities to snatch up their landholdings so they could develop them instead!!!
OK DG, now on this legal theory I am totally lost...
I couln't bring myself to bet against it. What made you think of such a disasterous thing to contemplate?
By the way, which of your friends is that tag line aimed at?
LoL! RINOs, Europeons, conservatives who think that by voting Republican they can go back to what they were doing...
It's been a depressing evening.
In invested in a real estate tax shelter in 1984. Congress changed the tax laws a couple of years later which destroyed all the tax benefit, and left me locked into a lousy investment. I couldn't sue the IRS or Congress for breach of contract. We had no contract, and there's no guarantee that laws, regulations, or government decisions won't change.
There's not the slightest doubt that California hosed PG&E. And perhaps they can come up with another legal theory to recover damages. A possibility might be that the state acted outside of its legal authority in this matter, or that their actions amounted to a taking of property without due process.
But you have to pick the right legal theory to pursue a claim, and the judge was right to toss this one out.
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