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To: craig crawford who wrote (533)	7/14/2001 12:39:41 PM
From: craig crawford	Read Replies (1) \| Respond to of 1643

Judge Sides With Power Companies in California Refund Case thestreet.com By Christopher Edmonds Special to TheStreet.com 7/12/01 6:38 PM ET A Federal Energy Regulatory Commission hearing officer sided with power generators Thursday in the dispute over California's energy crisis, saying the state is due perhaps a fraction of the $8.9 billion in power-cost refunds it has sought. In a report submitted to FERC commissioners, Curtis Wagner called California's claim grossly inflated and said the damages were likely closer to a billion dollars than the state's number. But rather than setting a dollar figure for the refunds, Wagner recommended the FERC hold a hearing within 60 days. ........................................................................................................................ Wagner clearly felt Gov. Gray Davis' refusal to allow state negotiators to compromise hindered settlement efforts. Davis has publicly said he will sue the FERC if it does not grant the entire $8.9 billion refund.