FERC said that a preliminary investigation indicates that PSEG committed multiple violations of PJM market-bidding rules and made “false and misleading statements” to RTO staff.

Stakeholders denied four proposals to revise PJM’s rules on evaluating designated market paths for energy sales coming into the RTO.

A federal judge last week handed FERC another defeat in its battles with traders over how courts review market manipulation allegations.

FERC agreed to sharply reduce the penalty Barclays Bank must pay to settle claims that it manipulated Western electricity markets a decade ago.

SPP’s Board of Directors approved a cleanup of Tariff language that just may have put the RTO’s troublesome Z2 process in the rearview mirror.

FERC rejected SPP’s request to remove its day-ahead must-offer requirement, saying the RTO had not provided “sufficient support” for the Tariff revisions.

K. Stephen Tsingas and his City Power Marketing agreed to a $11.7 million settlement with FERC's Office of Enforcement over market manipulation allegations.

PJM has received FERC approval to divide $40.8 million from an enforcement settlement with GDF SUEZ among implicated market participants.

In a settlement approved by FERC's Office of Enforcement, GDF SUEZ will will pay almost $82 million to PJM to settle market manipulation charges.

FERC ruled that Shell and Hafslund can not use the costs associated with illegal trading activity during the Western Energy Crisis to offset their refund.