FERC Office of Enforcement
FERC has approved a $21 million settlement over an Arkansas steel mill’s yearslong failure to reduce load as a registered demand response resource in MISO.
FERC approved an $11 million fine for BP America that closes an investigation into natural gas price manipulation dating back to Hurricane Ike in 2008.
FERC approved settlements with two demand response aggregators for allegedly bidding more resources than they could provide to CAISO’s market.
FERC’s enforcement powers have been impacted by recent court cases, and the commission itself has some new priorities, experts said at an EBA panel Friday.
FERC approved 11 settlements that resulted in market participants paying a total of about $57.52 million in penalties and disgorgements for alleged violations.
Coaltrain Energy agreed to pay $4 million in disgorged profits to resolve a FERC investigation into accusations that the company engaged in market manipulation.
Fletcher, CC BY-SA 4.0, via Wikimedia Commons
ISO-NE violated its tariff in its handling of construction delays at a Boston-area generating plant, FERC said, slapping the RTO with a $500,000 fine.
CPower has agreed to a $2.5 million penalty after FERC's enforcement division found the company took capacity payments in violation of ISO-NE rules.
The principals of GreenHat Energy will pay PJM $1.4 million to settle claims over the company’s FTR market default, which cost members nearly $180 million.
FERC approved an agreement between Dynegy and its Office of Enforcement to settle allegations that the company misrepresented its plants' ramp rates to PJM.
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