BP pays $102 million settlement for California over-charges

SACRAMENTO, Calif. (AP) - BP Energy Company is paying California $102 million to settle claims that it overcharged the state for natural gas between 2003 and 2012.

Posted: Jan. 11, 2018 12:46 PM
Updated: Jan. 11, 2018 12:46 PM

SACRAMENTO, Calif. (AP) - BP Energy Company is paying California $102 million to settle claims that it overcharged the state for natural gas between 2003 and 2012.

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Attorney General Xavier Becerra (HAH-vee-air Bah-sehr'-ah) said Thursday that BP regularly violated contracts with the state to provide gas for numerous state agencies and other governments by exceeding the agreed-upon price cap.

He says the company concealed the overcharges by providing false and misleading information.

Becerra says company employees saw California as a "golden goose."

BP, the largest natural gas marketer in North America, says the state's allegations are without merit.

The investigation began in 2012 with a former employee's complaint alleging the overcharges.

The $102 million will be shared between the state and local agencies that bought natural gas through the state Department of General Services.

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