FERC threatened GreenHat Energy and its owners with $229 million in civil penalties over the company’s 890 million MWh default of its FTR portfolio in PJM.

Top officials discussed CAISO’s handling of California’s mid-August blackouts and actions to avoid future shortages in a webinar.

CAISO’s Market Monitor found no evidence of market manipulation or strategic outages during the rolling blackouts of mid-August.

The CAISO Board of Governors bid farewell to its retired CEO, greeted a new leader and approved a plan to implement FERC Order 831.

MISO and its Monitor are making several changes to market mitigation procedures — most of which will increase the IMM’s authority to mitigate and penalize.

FERC ordered Vitol and a senior trader to show cause why they should not be fined for manipulating CAISO’s market to limit losses on the company’s CRRs,

PJM and its Monitor must turn over a trove of documents stemming from allegations of manipulation against now-defunct Coaltrain Energy.

PJM’s lax credit policy allowed Greenhat Energy, whose traders had a history of market manipulation, to run up as much as $140 million in FTR losses.

FERC’s Office of Enforcement urged the commission to withdraw its show cause order alleging that the operators of the Salem Harbor plant misled ISO-NE.

ETRACOM agreed to pay $1.9 million to settle allegations that it manipulated CAISO markets in a scheme that netted the company $315,000 in profits.