IdaCorp reached a settlement of between $12 million and $14 million with California utilities February 20, which will offset the $36 million it is owed by the California Independent System Operator and the California Power Exchange. The company traded power with the state during the energy crisis and has yet to be paid. Of the generators owed money from electricity sales made during the 2000-01 energy crisis, it is apparently the first to settle. \u201cThis is the first settlement achieved with a party claiming very high costs selling into the California market during the energy crisis. We hope others with similar cost claims will follow IdaCorp\u2019s example,\u201d stated Gil Alexander, Southern California Edison spokesperson. \u201cWe were willing to give up $22.25 million\u201d in order to clear the dockets, said Larry Spencer, IdaCorp spokesperson. If the settlement is approved by the Federal Energy Regulatory Commission, the company will get $10.25 million in cash. This would be followed by another $1.5 million that the grid operator and the Power Exchange are holding on to until the proceeding concludes. In addition, there is a \u201ccharge-back\u201d of $2.27 million that will accrue to IdaCorp if FERC approves the agreement. Meanwhile, another $6 million that IdaCorp claims it is owed by California awaits a decision from the Ninth Circuit Court of Appeals, according to Spencer. Unlike the situation with other settlements, the state Attorney General\u2019s Office was not a major player in the case, according to AG spokesperson Tom Dresslar. He said the settlement funds will go to utilities. The company, a trading division of IdaCorp Energy, sold power to the state\u2019s wholesale market from May 1, 2000, through June 20, 2001.