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July 3, 2024

market manipulation

Market Manipulation Cases Dominate FERC Enforcement
Market manipulation cases dominated FERC enforcement efforts in fiscal 2016, according to the Office of Enforcement’s 10th annual report.
Maxim Power to Pay $8M to Settle Fuel-Switching Case
Maxim Power will pay $8 million to settle a FERC complaint that it manipulated the New England power market in a fuel-switching scheme.
FERC Issues Revised Connected Entity, Data Collection Proposal
FERC revised its proposed rules for connected entity data collection from market-based rate traders to monitor against market manipulation.
FERC ALJ: Shell, Iberdrola Owe California $1.1B over Energy Crisis
A FERC judge ruled that Shell and Iberdrola  saddled California consumers with $1.1 billion in excess energy costs at the height of the Western Energy Crisis.
FERC: Market Flaws Irrelevant to Case
The FERC Office of Enforcement said that the presence of flaws in the CAISO market is irrelevant to their market manipulation case against ETRACOM.
Traders Deny FERC Charges; Seek Independent Review
Coaltrain Energy said that it didn’t manipulate the market, that its trading strategy wasn’t deceptive and that it didn’t engage in wash trades.
FERC Eliminates Intertie Convergence Bids in CAISO
FERC approved a request by CAISO to eliminate from its Tariff a provision establishing convergence bidding at scheduling points on the interties into Ca.
FERC Launches Probe into MISO Capacity Auction
FERC has begun a non-public investigation over allegations of improprieties in MISO's April capacity auction and will hold a technical conference on the matter Oct. 20.
FERC Charges Third Firm with UTC Scam in PJM
FERC has charged Coaltrain Energy, a Pennsylvania-based power trading company with manipulating the PJM wholesale market.
Are You Two Related? FERC Wants to Know
Seeking to improve its ability to unravel complicated market manipulation schemes, FERC proposed a new way for identifying connections between companies and individuals.

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