The Herald of Everett, Washington
HeraldNet on Facebook HeraldNet on Twitter HeraldNet RSS feeds HeraldNet Pinterest HeraldNet Google Plus HeraldNet Youtube
HeraldNet Newsletters  Newsletters: Sign up | Manage  Green editions icon Green editions


HeraldNet Headlines
HeraldNet Newsletter Delivered to your inbox each week.
Published: Tuesday, October 29, 2013, 1:08 p.m.

Court declines review of BPA settlement agreement

PORTLAND, Ore. -- The 9th Circuit Court of Appeals has declined to review a multibillion settlement between the Bonneville Power Administration and customers who claimed they were overcharged for electricity generated by Columbia River dams.
The ruling on Monday says the settlement that set new rates and terms for refunding overcharged customers was lawful.
The settlement concerns the BPA's residential exchange program, established in the 1980s to provide customers of private investor-owned utilities with a share of the electricity sold mostly to public utilities around the region.
BPA estimates the net present value of the settlement to be about $2 billion dollars over a 17-year period.
The settlement was challenged in court by the Association of Public Agency Customers, a group of industrial companies that purchase BPA power from public utilities.
Story tags » Energy & ResourcesFederal

Share your comments: Log in using your HeraldNet account or your Facebook, Twitter or Disqus profile. Comments that violate the rules are subject to removal. Please see our terms of use. Please note that you must verify your email address for your comments to appear.

You are logged in using your HeraldNet ID. Click here to update your profile. | Log out.

Our new comment system is not supported in IE 7. Please upgrade your browser here.

comments powered by Disqus
digital subscription promo

Subscribe now

Unlimited digital access starting at 99 cents, or included with any print subscription.


HeraldNet highlights

Lofty potential for drones
Lofty potential for drones: Aircraft could be used in real estate, other businesses
A community of kindness
A community of kindness: Seahawks home a display of affection for couple's daughter
Looking for a friend?
Looking for a friend?: Animals up for adoption at the Everett shelter (7 new photos)
Super snacks
Super snacks: Best finger-food recipes to make for the big game