Nov 13, 2014 4:44 PM by News Staff
SAN FRANCISCO (AP) - California is accusing the oil and gas company BP of overcharging the state up to $300 million on natural gas sales.
The allegation is in a lawsuit unsealed in San Francisco County Superior Court this week. It says California gave the British company an exclusive deal to provide $2 billion in natural gas for government agencies. The case alleges BP sellers routinely charged above market price and BP reaped a profit margin at least three times greater than the contract allowed.
A BP spokesman said Thursday that the allegations have no merit.
A fired BP whistleblower originally brought the civil lawsuit. California Attorney General Kamala Harris notified the court this month that her office would also join in the suit against BP.
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