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July 7, 2024

FERC Office of Enforcement

Maxim Seeks Dismissal of Manipulation Case
Maxim Power, accused of market manipulation in New England, has asked FERC to terminate the case.
PJM Asks FERC for Direction on Refunds from Illegal Trades
PJM has asked FERC to untangle the question of how profits from trades that are determined to be illegal get calculated and refunded.
Fuel-Burn Allegation Meant to Force Settlement of Unrelated Cases, Maxim Says
Maxim Power says market manipulation allegations by FERC are an attempt to gain leverage for a settlement of charges from subsequent, unrelated cases.
Powhatan Fires Back at PJM
Powhatan Energy Fund, already embroiled in a battle with FERC’s Office of Enforcement, have now taken on PJM.
FERC Seeks $5M from Maxim Power; Clark Dissents
FERC issued an order to show cause against Maxim Power, telling the Canadian independent power producer to explain why it shouldn’t have to pay a $5 million fine for allegedly misrepresenting the output of three of its generators in ISO-NE.
PJM: Gates’ Trades Cost Exelon, AEP, Dominion $1M Each — UPDATED
Powhatan Energy Fund’s trading scheme cost more than 20 PJM market participants at least $100,000 each, with Exelon, AEP and Dominion each losing more than $1 million, according to an RTO analysis released by FERC.
FERC Approves $3.5M Settlement with Twin Cities Power over Manipulation
Twin Cities Power will pay $3.5 million for manipulating energy prices in MISO under a settlement approved by FERC last week.
Powhatan Renews PR Campaign as FERC Readies Enforcement Action
Kevin and Rich Gates have reactivated their website after FERC indicated that it was about to move on to the next step — civil prosecution.
DOE IG Investigating FERC Enforcement
In response to requests from several senators from both parties, the DoE’s Inspector General has begun an investigation into FERC’s Enforcement office.
LaFleur Puts Stamp on FERC with Appointments
A senior-level retirement has given Cheryl LaFleur an opportunity to put her stamp on FERC during her brief chairmanship.

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