FERC Orders $15 Million Penalty in PJM Market Manipulation Case July 13, 2015By Rich Heidorn Jr.FERC 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. 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:Market Manipulation Cases Dominate FERC EnforcementMarket manipulation cases dominated FERC’s enforcement efforts in fiscal 2016, according to the Office of Enforcement’s 10th annual report.PJM Trader Calls FERC on Manipulation ProbeAn energy trading firm that has been the subject of a FERC investigation for more than three years without being charged has decided to go on offense by releasing documents it says proves it has…UPDATED: Trader Agrees to Pay $2.7M in Win for FERCK. Stephen Tsingas and his City Power Marketing agreed to a $11.7 million settlement with FERC's Office of Enforcement over market manipulation allegations. | City Power Marketing Leave a Reply Cancel replyYou must be logged in to post a comment.