Washington, July 16: Bankrupt energy company Enron Corp. should repay $32.5 million for violating electricity trading rules during the California energy crisis of 2000-01, a Federal Energy Regulatory Commission judge ruled on Tuesday. FERC Judge Carmen Cintron said in an initial decision that Enron violated the Federal Power Act, and the firm should repay $32.5 million "for this violation."

Cintron also reiterated FERC's finding in June that Enron's wholesale electricity trading license should be revoked. The administrative law judge's decision now goes to the three-member commission, which can reject, accept or modify it.
Enron spokesman Eric Thode said the firm was studying the ruling and would cooperate with FERC.
Enron faces a myriad of enforcement actions by FERC, the Commodity Futures Trading Commission and the Justice Department. Bureau Report