Ameren's Illinois utilities win dismissal of case alleging manipulation of wholesale power prices
Clients Ameren Corporation
Jones Day defended Ameren Corporation and its Illinois affiliates against two putative class actions, originally filed in the Circuit Court of Cook County, which arose out of Illinois' electricity market deregulation and move to an auction-based method for utilities to procure wholesale power. Plaintiffs alleged that wholesale electricity generators and electric utilities had conspired to rig the auction to raise prices. Representing utilities that cover 2/3 of the state, Jones Day lawyers succeeded in removing the case to federal court and having it dismissed under Rule 12(b)(6), because Plaintiffs' claims were barred by both the federal and state filed rate doctrines. The dismissal represented a full victory for our clients before any discovery began.
Schaefer v. Commonwealth Edison Co., et al., No. 07 C 2316 (N.D. Ill.); Wexler v. Commonwealth Edison Co., et al., No. 07 C 2318 (N.D. Ill.)