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.
Coaltrain Energy agreed to pay $4 million in disgorged profits to resolve a FERC investigation into accusations that the company engaged in market manipulation.
FERC determined that GreenHat Energy and its owners violated the Federal Power Act by “engaging in a manipulative scheme” in PJM’s FTR market.
FERC ordered a hearing on allegations that Total manipulated the price of natural gas at several locations in the Southwestern U.S. between 2009 and 2012.
FERC threatened GreenHat Energy and its owners with $229 million in civil penalties over the company’s 890 million MWh default of its FTR portfolio in PJM.
Top officials discussed CAISO’s handling of California’s mid-August blackouts and actions to avoid future shortages in a webinar.
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