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.

FERC Orders Inquiry on Alleged Manipulation of MISO Auction

The Federal Energy Regulatory Commission (FERC) has ordered its Office of Enforcement to conduct a non-public, formal investigation (Docket No. IN15-10-000), with subpoena authority, regarding a possible energy market manipulation by the Midcontinent Independent System Operator (MISO) in connection with its 2015-2016 Planning Research Auction. … Read more…

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