market manipulation
FERC is moving to rescind the West-wide wholesale electricity price cap mechanism it instituted in 2002 in response to widespread price manipulation during the Western energy crisis of 2000/01.
MISO has filed with FERC to impose more exacting testing on its demand response resources in an effort to deflect fraud.
FERC approved a diminished settlement with Total Gas & Power North America in a lengthy case, as a recent Supreme Court decision has impacted its enforcement processes.
FERC approved a $1.5 million civil penalty on Galt Power following an investigation finding manipulation violations in the creation of renewable energy credits.
Nearly a decade after the MISO capacity auction in which Dynegy was found to have manipulated clearing prices, FERC has directed hearing and settlement procedures in the case.
FERC's latest enforcement report detailed one closed investigation into manipulation during Winter Storm Uri, but other nonpublic probes continue.
FERC approved an $11 million fine for BP America that closes an investigation into natural gas price manipulation dating back to Hurricane Ike in 2008.
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.
The California Public Utilities Commission launched an investigation into extremely high natural gas prices in California and the West this winter.
Soaring natural gas prices in December and January increased CAISO electricity costs by $4 billion, prompting the governor to ask FERC to investigate.
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