December 10, 2023

Coaltrain Energy

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FERC’s Evolving Enforcement Practices Examined at EBA Meeting
FERC’s enforcement powers have been impacted by recent court cases, and the commission itself has some new priorities, experts said at an EBA panel Friday.
© RTO Insider LLC
Coaltrain Agrees to $4M Settlement with FERC over UTC Trades
Coaltrain Energy agreed to pay $4 million in disgorged profits to resolve a FERC investigation into accusations that the company engaged in market manipulation.
PJM, IMM Subpoenaed in Coaltrain UTC Scam case
PJM and its Monitor must turn over a trove of documents stemming from allegations of manipulation against now-defunct Coaltrain Energy.
Traders Deny FERC Charges; Seek Independent Review
Coaltrain Energy said that it didn’t manipulate the market, that its trading strategy wasn’t deceptive and that it didn’t engage in wash trades.
FERC: PJM Entitled to Recoup Line-Loss Credits
PJM told FERC that it has already recovered $9 million of the approximately $37 million the RTO paid out to virtual traders through its marginal loss surplus allocation.

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