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.
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.