Connecticut Attorney General's Office

Press Release

Attorney General Contacts Justice Department Regarding Possible Probe Of Almost $86 Million Paid To Generators Who Provided No Power

April 23, 2009

"I have contacted senior officials at the Department of Justice to inform them of my antitrust investigation and offer my full assistance, cooperation and support for any investigation they may conduct into ISO-New England's payment of nearly $86 million to generators who provided no electricity.

"In addition to my filing of a complaint Monday with the Federal Energy Regulatory Commission (FERC), my office is vigorously and aggressively pursuing a separate and distinct antitrust investigation of ISO-New England and the companies. I will make available to the appropriate authorities any evidence of criminal violations that may result from investigations by my office and FERC.

"I will seek full refunds for state consumers, as well as a complete, comprehensive explanation from ISO-New England of what happened and why it allowed these payments for nothing to continue for so long. I will seek reforms of ISO-New England to increase transparency and accountability to ratepayers."