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July 22, 2024

market manipulation

Maxim to FERC: Prosecute or Drop Probe
Maxim Power wants to FERC drop two other allegations or combine them with the original complaint.
FERC Orders $15 Million Penalty in PJM Market Manipulation Case
FERC ordered City Power Marketing to pay $15 million in penalties and repay almost $1.3 million in profits for making riskless up-to-congestion trades in PJM to cash in on line-loss rebates.
Dynegy: No Evidence of Misconduct in Auction
MISO and its Market Monitor have joined Dynegy in denying allegations of improper conduct in the RTO’s Planning Resource Auction last April, which resulted in a nine-fold price increase in Zone 4.
PJM: CFTC Order on SPP Undermines Exemption
Grid operators have asked CFTC to remove language from a draft order that they say could undermine the broad exemptions the commission granted them in 2013.
Monitor at Odds with PJM, Marketer over FTR Forfeiture Rule
PJM's Market Monitor told FERC that proposals by the RTO and a marketer to change the FTR forfeiture rule would weaken protections against market manipulation.
Bowring, Gates’ Consultant Spar over PJM Traders’ Obligations on Loopholes
PJM Market Monitor Joe Bowring had a lively debate with one of the consultants for Powhatan Energy over the “duty” of market participants to self-police against market manipulation.
FERC Fines Maxim Power $5M in Switching Scheme
FERC fined Maxim Power $5 million and employee Kyle Mitton was fined $50,000 for overcharging ISO-NE.
UTC Trader: Firm was Ruined by ‘Unfair’ FERC Prosecution
A Florida power trader under investigation for market manipulation over up-to-congestion trades says that an “unfair” investigation by FERC has ruined his business.
Maxim Seeks Dismissal of Manipulation Case
Maxim Power, accused of market manipulation in New England, has asked FERC to terminate the case.
Gates, Powhatan Say FERC Enforcers Didn’t Share Crucial Info
Attorneys for Powhatan Energy Fund and Kevin Gates accused FERC's Office of Enforcement of withholding information that could exonerate their clients in a high-profile market manipulation case.

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