Subsidiaries grapple with codes of conduct. Did regulators overreact?
PG&E Corp. has threatened to appeal - all the way to the U.S. Supreme Court if need be - a $1.68 million California Public Utilities Commission fine, slapped on it for violating affiliate rules.
The fine marked the loudest shot to date in what appears to be part two in the electric and gas restructuring wars:
The Affiliate Rules Wars.
These skirmishes promise to pit independent power marketers and out-of-state utility affiliates against the affiliates of incumbents.