FERC Staff Seeks $30 Million Fine in Powhatan Case
December 19, 2014
By Ted Caddell
FERC issued an Order to Show Cause seeking $29.8 million in fines over a PJM trading scheme that became the centerpiece of a debate over FERC enforcement policy during Commissioner Norman Bay’s confirmation process earlier this year.
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After nearly four years of investigation, FERC publicly accused an energy trading firm of market manipulation in a case that dogged enforcement chief Norman Bay through his confirmation as commissioner.