July 15, 2024

Houlian “Alan” Chen

FERC Staff Seeks $30 Million Fine in Powhatan Case
FERC issued an Order to Show Cause seeking $29.8 million in fines from the Powhatan Fund, in a case that became the centerpiece of a debate over FERC enforcement policy during Commissioner Norman Bay’s confirmation process earlier this year.
PJM UTC Case Likely Headed to Court After FERC Notice
FERC staff issued a Notice of Alleged Violation last week against traders who exploited a loophole in PJM UTC trades in a case that will likely go to court.
The Players
A guide to the players in the Powhatan Energy Fund market manipulation investigation.

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