The Energy Co-op sues Cinergy Corp. for $26 million, alleging conspiracy to scuttle choice program

The Energy Cooperative, Inc. of Newark, which was unaware of the coming changes when it took over the doomed subsidiary, Cinergy Resources, Inc. last year, is demanding at least $26.1 million in actual damages from the utility giant, as well as unspecified punitive damages. The suit charges Cinergy and its affiliates, CG&E and Cinergy Investments, Inc., with civil conspiracy, breach of contract, conversion, and unjust enrichment.

San Francisco, CA, April 6, 2001 – Pacific Gas and Electric Company, the utility unit of PG&E Corporation (NYSE: PCG), today filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code in San Francisco bankruptcy court.

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