FERC Orders Gates, Powhatan to Pay $34.5 Million; Next Stop, Federal Court? June 2, 2015By Ted CaddellRich and Kevin Gates say they will force FERC to collect $34.5 million in federal court, where a statute of limitations defense could reduce the penalties. Tell us who you are,get 2 free articles each month. What do you want to know?Want a free trial instead? Click here.Already convinced? View pricing and plans.Already a subscriber? Log in here. Additional news on this topic:FERC Orders $15 Million Penalty in PJM Market Manipulation CaseFERC ordered City Power Marketing to pay $15 million in penalties and repay almost $1.3 million in profits for making riskless up-to-congestion trades.FERC Staff Seeks $30 Million Fine in Powhatan CaseFERC 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…Gates, Powhatan Say FERC Enforcers Didn’t Share Crucial InfoAttorneys for Powhatan Energy Fund accused FERC's Office of Enforcement of withholding information that could exonerate their clients in a high-profile market manipulation case. Leave a Reply Cancel replyYou must be logged in to post a comment.