Shell files lawsuit continuing fight against refund liability tied to Western energy crisis

摘要

Undeterred by a loss in court last year, Shell Energy North America lastrnweek filed another lawsuit, continuing its fight to reverse a series ofrnFERC orders tied to refunds stemming from the ongoing saga ofrndetermining liability for the Western energy crisis.rnA report issued by FERC in 2003 determined that the Westernrnenergy crisis of 2000-01 was caused by a drop in power suppliesrnbrought on by drought, inadequate infrastructure and a flawed powerrnmarket design coupled with market manipulation. The period inrnquestion followed the deregulation of California’s wholesale powerrnmarkets and was characterized by high power prices.