Electric Power Win; FERC Must Expand Refund Remedy

Southern California Edison Company
August 3, 2006

The Electric Power group achieved a significant victory for Southern California Edison Company when the US Court of Appeals for the Ninth Circuit issued an order requiring the Federal Energy Regulatory Commission (FERC) to expand the refund remedy for the high prices charged by electricity sellers, and purchased by Edison and other electricity buyers, during the California power crisis of 2000-2001.  The court's order followed years of litigation at FERC, in both the Washington and Ninth Circuits. 

Steptoe’s efforts have achieved over $5 billion in settlements, FERC orders that are likely to result in more than $1 billion in additional refunds, and, as a result of this new Ninth Circuit victory, the prospect for more than $1 billion more in refunds. 

Southern California Edison is one of California’s largest utility companies.