GSEMNA Ordered by FERC to Pay $80M for Alleged Market Manipulation

GSEMNA Ordered by FERC to Pay $80M for Alleged Market Manipulation

On February 1, the Federal Energy Regulatory Commission issued an order (Docket No. IN17-3-000) approving a settlement (158 FERC 61,105) between its Office of Enforcement and Houston-based power marketer GDF SUEZ Energy Marketing NA (GSEMNA) following an investigation into whether the retailer had violated the commission’s Prohibition of Energy Market Manipulation regulation between May 2011 and September 2013.

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